Stepan Company (SCL) Scheduled to Post Quarterly Earnings on Wednesday
Stepan Company (NYSE:SCL) is set to release its earnings data before the market opens on Wednesday, July 26th. Analysts expect Stepan to post earnings of $1.34 per share for the quarter.
Stepan (NYSE:SCL) last posted its quarterly earnings data on Tuesday, April 25th. The basic materials company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.17. The firm had revenue of $468.30 million during the quarter, compared to analysts’ expectations of $461.70 million. Stepan had a net margin of 4.95% and a return on equity of 15.34%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.29 EPS. On average, analysts expect Stepan to post $4.64 EPS for the current fiscal year and $5.20 EPS for the next fiscal year.
Shares of Stepan Company (NYSE:SCL) opened at 87.73 on Wednesday. The firm has a market cap of $1.97 billion, a PE ratio of 22.58 and a beta of 1.28. Stepan Company has a 52-week low of $61.36 and a 52-week high of $90.66. The firm has a 50-day moving average of $87.47 and a 200 day moving average of $81.65.
SCL has been the subject of several recent research reports. Zacks Investment Research raised Stepan from a “sell” rating to a “hold” rating in a research note on Tuesday, March 21st. BidaskClub downgraded Stepan from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. ValuEngine raised Stepan from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Industrial Alliance Securities raised Stepan from a “buy” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research note on Monday, May 29th. Finally, National Bank Financial lowered their price objective on Stepan from $40.00 to $27.00 and set a “sector perform” rating for the company in a research note on Monday, June 26th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $53.00.
In other Stepan news, VP Frank Pacholec sold 4,000 shares of the stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $86.63, for a total transaction of $346,520.00. Following the completion of the sale, the vice president now owns 51,438 shares of the company’s stock, valued at approximately $4,456,073.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman F Quinn Stepan, Jr. sold 5,381 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $85.15, for a total transaction of $458,192.15. Following the sale, the chairman now directly owns 141,952 shares of the company’s stock, valued at approximately $12,087,212.80. The disclosure for this sale can be found here. Insiders have sold a total of 47,932 shares of company stock valued at $4,107,222 in the last three months. Insiders own 13.10% of the company’s stock.
Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a range of end products. The Company operates through three segments: Surfactants, Polymers and Specialty Products. The Company’s principal markets include manufacturers of cleaning and washing compounds (including detergents, shampoos, fabric softeners, toothpastes and household cleaners), paints, cosmetics, food, beverages, nutritional supplements, agricultural products and plastics.
Receive News & Ratings for Stepan Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stepan Company and related companies with MarketBeat.com's FREE daily email newsletter.