Stepan (SCL) Set to Announce Quarterly Earnings on Tuesday

Stepan (NYSE:SCL) is set to issue its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Stepan (NYSE:SCL) last issued its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). The firm had revenue of $532.13 million during the quarter, compared to analysts’ expectations of $534.48 million. Stepan had a net margin of 1.73% and a return on equity of 4.20%. Stepan’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. On average, analysts expect Stepan to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Stepan Stock Performance

Shares of SCL opened at $84.75 on Tuesday. The company’s 50 day simple moving average is $87.85 and its 200-day simple moving average is $85.41. Stepan has a 12-month low of $63.60 and a 12-month high of $100.61. The firm has a market cap of $1.90 billion, a PE ratio of 48.43 and a beta of 0.83. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.33.

Stepan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.375 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.50 dividend on an annualized basis and a yield of 1.77%. Stepan’s dividend payout ratio is presently 85.71%.

Analysts Set New Price Targets

Separately, StockNews.com raised Stepan from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th.

Insider Transactions at Stepan

In other Stepan news, Director F Quinn Stepan, Jr. sold 3,637 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $90.11, for a total value of $327,730.07. Following the transaction, the director now directly owns 255,567 shares of the company’s stock, valued at approximately $23,029,142.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director F Quinn Stepan, Jr. sold 5,000 shares of Stepan stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $91.07, for a total value of $455,350.00. Following the sale, the director now directly owns 255,567 shares in the company, valued at $23,274,486.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director F Quinn Stepan, Jr. sold 3,637 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $90.11, for a total value of $327,730.07. Following the transaction, the director now directly owns 255,567 shares in the company, valued at approximately $23,029,142.37. The disclosure for this sale can be found here. Insiders sold 10,637 shares of company stock worth $957,940 over the last 90 days. 7.00% of the stock is currently owned by insiders.

Stepan Company Profile

Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide. It operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used in consumer and industrial cleaning and disinfection products, including detergents for washing clothes, dishes, carpets, and floors and walls, as well as shampoos and body washes; and other applications, such as fabric softeners, germicidal quaternary compounds, disinfectants, and lubricating ingredients.