Stepan (NYSE:SCL) released its earnings results on Thursday. The basic materials company reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.39, Bloomberg Earnings reports. The firm had revenue of $473.82 million during the quarter, compared to analyst estimates of $457.95 million. Stepan had a return on equity of 13.98% and a net margin of 4.81%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 earnings per share.
Shares of Stepan (SCL) traded down $1.70 during trading hours on Friday, reaching $77.29. The company’s stock had a trading volume of 51,520 shares, compared to its average volume of 81,792. The firm has a market capitalization of $1,645.72, a price-to-earnings ratio of 19.93 and a beta of 1.23. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.64 and a quick ratio of 2.08. Stepan has a 12 month low of $68.51 and a 12 month high of $92.97.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, March 5th will be paid a dividend of $0.225 per share. The ex-dividend date is Friday, March 2nd. This represents a $0.90 annualized dividend and a yield of 1.16%. Stepan’s dividend payout ratio is presently 23.32%.
Several equities analysts recently commented on the company. Zacks Investment Research lowered Stepan from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 7th. Scotiabank upgraded Stepan from an “underperform” rating to a “sector perform” rating and set a $32.00 target price for the company in a research note on Tuesday, November 14th. Finally, National Bank Financial upped their target price on Stepan from $35.00 to $36.00 in a research note on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $35.60.
A number of large investors have recently made changes to their positions in SCL. Advisor Group Inc. boosted its position in shares of Stepan by 455.2% in the second quarter. Advisor Group Inc. now owns 1,177 shares of the basic materials company’s stock worth $102,000 after buying an additional 965 shares during the period. CIBC Asset Management Inc purchased a new stake in shares of Stepan in the fourth quarter worth about $209,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Stepan in the fourth quarter worth about $240,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Stepan in the fourth quarter worth about $282,000. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Stepan by 42.0% in the third quarter. Cubist Systematic Strategies LLC now owns 3,759 shares of the basic materials company’s stock worth $314,000 after buying an additional 1,111 shares during the period. Institutional investors own 63.03% of the company’s stock.
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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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