Stepan (NYSE:SCL) – Equities researchers at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for Stepan in a note issued to investors on Tuesday. KeyCorp analyst M. Sison forecasts that the basic materials company will post earnings of $1.15 per share for the quarter. KeyCorp also issued estimates for Stepan’s Q2 2018 earnings at $1.22 EPS and Q4 2018 earnings at $1.09 EPS.
Stepan (NYSE:SCL) last issued its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.17). Stepan had a net margin of 4.81% and a return on equity of 13.98%. The business had revenue of $487.81 million during the quarter, compared to analyst estimates of $469.75 million. During the same period last year, the firm posted $1.06 earnings per share. Stepan’s quarterly revenue was up 9.6% compared to the same quarter last year.
SCL has been the subject of several other research reports. National Bank Financial upgraded Stepan from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $27.00 to $35.00 in a report on Wednesday, October 11th. TD Securities restated a “buy” rating and set a $33.00 price objective on shares of Stepan in a report on Sunday, September 24th. Zacks Investment Research upgraded Stepan from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, Scotiabank upgraded Stepan from an “underperform” rating to a “sector perform” rating and set a $32.00 price objective for the company in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Stepan presently has a consensus rating of “Hold” and an average target price of $35.60.
Shares of Stepan (NYSE:SCL) traded down $1.19 on Friday, reaching $77.78. The company’s stock had a trading volume of 80,400 shares, compared to its average volume of 85,083. Stepan has a 12-month low of $68.51 and a 12-month high of $92.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.08 and a current ratio of 2.64. The firm has a market capitalization of $1,778.61, a price-to-earnings ratio of 20.15 and a beta of 1.30.
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Stepan by 0.6% during the second quarter. Vanguard Group Inc. now owns 2,151,859 shares of the basic materials company’s stock worth $187,513,000 after buying an additional 12,781 shares in the last quarter. Stevens Capital Management LP grew its holdings in Stepan by 19.3% during the third quarter. Stevens Capital Management LP now owns 8,313 shares of the basic materials company’s stock worth $695,000 after buying an additional 1,342 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in Stepan during the second quarter worth $368,000. Walthausen & Co. LLC grew its holdings in Stepan by 43.4% during the third quarter. Walthausen & Co. LLC now owns 130,545 shares of the basic materials company’s stock worth $10,921,000 after buying an additional 39,540 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Stepan by 3.2% during the second quarter. Renaissance Technologies LLC now owns 320,200 shares of the basic materials company’s stock worth $27,902,000 after buying an additional 9,900 shares in the last quarter. Institutional investors and hedge funds own 63.19% of the company’s stock.
In other news, VP Frank Pacholec sold 832 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $80.55, for a total transaction of $67,017.60. Following the completion of the sale, the vice president now owns 49,429 shares in the company, valued at $3,981,505.95. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Arthur W. Mergner sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $81.16, for a total value of $81,160.00. Following the sale, the vice president now owns 2,960 shares of the company’s stock, valued at approximately $240,233.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,650 shares of company stock valued at $215,793. Corporate 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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