Stepan (NYSE:SCL) – Equities researchers at Seaport Global Securities issued their Q1 2019 earnings per share (EPS) estimates for shares of Stepan in a note issued to investors on Wednesday. Seaport Global Securities analyst M. Harrison anticipates that the basic materials company will earn $1.58 per share for the quarter. Seaport Global Securities also issued estimates for Stepan’s Q2 2019 earnings at $1.55 EPS, Q3 2019 earnings at $1.36 EPS, Q4 2019 earnings at $1.02 EPS and FY2019 earnings at $5.51 EPS.
Other analysts have also issued reports about the stock. National Bank Financial boosted their target price on shares of Stepan from $35.00 to $36.00 in a research report on Monday, November 13th. TD Securities restated a “buy” rating and set a $33.00 target price on shares of Stepan in a research report on Sunday, September 24th. Zacks Investment Research upgraded shares of Stepan from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, Scotiabank upgraded shares of Stepan from an “underperform” rating to a “sector perform” rating and set a $32.00 target price for the company in a research report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $35.60.
Stepan (NYSE:SCL) last announced its earnings results on Wednesday, October 25th. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.17). The business had revenue of $487.81 million for the quarter, compared to the consensus estimate of $469.75 million. Stepan had a net margin of 4.81% and a return on equity of 13.98%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.06 earnings per share.
A number of large investors have recently modified their holdings of SCL. Advisor Group Inc. lifted its holdings in Stepan by 455.2% during the second quarter. Advisor Group Inc. now owns 1,177 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 965 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Stepan by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,254 shares of the basic materials company’s stock valued at $196,000 after purchasing an additional 337 shares in the last quarter. Amalgamated Bank lifted its holdings in Stepan by 3.9% during the second quarter. Amalgamated Bank now owns 2,757 shares of the basic materials company’s stock valued at $240,000 after purchasing an additional 104 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in Stepan by 4.7% during the second quarter. Suntrust Banks Inc. now owns 3,275 shares of the basic materials company’s stock valued at $285,000 after purchasing an additional 146 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in Stepan by 42.0% during the third quarter. Cubist Systematic Strategies LLC now owns 3,759 shares of the basic materials company’s stock valued at $314,000 after purchasing an additional 1,111 shares in the last quarter. 63.19% of the stock is currently owned by institutional investors and hedge funds.
In other Stepan news, VP Debra Stefaniak sold 818 shares of Stepan stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $82.66, for a total transaction of $67,615.88. Following the transaction, the vice president now owns 6,616 shares of the company’s stock, valued at $546,878.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Frank Pacholec sold 832 shares of Stepan stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $80.55, for a total transaction of $67,017.60. Following the transaction, the vice president now directly owns 49,429 shares in the company, valued at approximately $3,981,505.95. The disclosure for this sale can be found here. Insiders have sold 2,650 shares of company stock worth $215,793 in the last ninety days. Insiders own 13.10% of the company’s stock.
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Stepan Company Profile
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.
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