Equities research analysts predict that Stepan (NYSE:SCL) will post $501.20 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Stepan’s earnings, with estimates ranging from $488.70 million to $513.70 million. Stepan reported sales of $508.00 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.3%. The business is scheduled to report its next earnings results on Wednesday, October 23rd.
According to Zacks, analysts expect that Stepan will report full year sales of $1.94 billion for the current financial year, with estimates ranging from $1.92 billion to $1.97 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.06 billion, with estimates ranging from $2.01 billion to $2.16 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Stepan.
Stepan (NYSE:SCL) last issued its earnings results on Wednesday, July 24th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.19. The firm had revenue of $473.00 million for the quarter, compared to analyst estimates of $519.20 million. Stepan had a return on equity of 14.19% and a net margin of 5.39%. The business’s revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.38 earnings per share.
Several brokerages have issued reports on SCL. Royal Bank of Canada began coverage on Stepan in a research note on Wednesday, July 3rd. They issued a “sector perform” rating and a $21.00 target price on the stock. Zacks Investment Research upgraded Stepan from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, ValuEngine lowered Stepan from a “buy” rating to a “hold” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Stepan currently has an average rating of “Hold” and an average price target of $67.80.
In other news, Director Edward J. Wehmer sold 1,200 shares of Stepan stock in a transaction on Monday, June 10th. The stock was sold at an average price of $90.52, for a total value of $108,624.00. Following the completion of the transaction, the director now directly owns 10,253 shares in the company, valued at $928,101.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Luis Rojo purchased 300 shares of Stepan stock in a transaction dated Wednesday, May 22nd. The stock was bought at an average price of $86.64 per share, with a total value of $25,992.00. Following the completion of the transaction, the chief financial officer now owns 1,900 shares of the company’s stock, valued at approximately $164,616. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 750 shares of company stock valued at $65,488 and sold 15,643 shares valued at $1,519,392. 11.40% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC grew its position in shares of Stepan by 189.0% in the first quarter. FMR LLC now owns 341 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 223 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Stepan during the second quarter worth about $66,000. Contravisory Investment Management Inc. purchased a new position in Stepan during the second quarter worth about $151,000. Meeder Asset Management Inc. grew its position in Stepan by 227.7% during the first quarter. Meeder Asset Management Inc. now owns 1,796 shares of the basic materials company’s stock worth $157,000 after buying an additional 1,248 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Stepan during the first quarter worth about $233,000. Institutional investors own 71.95% of the company’s stock.
Shares of SCL traded down $0.48 during mid-day trading on Friday, hitting $96.10. The stock had a trading volume of 73,865 shares, compared to its average volume of 78,290. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 19.69 and a beta of 1.27. The stock’s fifty day moving average price is $92.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.01 and a current ratio of 2.69. Stepan has a 52 week low of $69.17 and a 52 week high of $101.84.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, August 29th. Stepan’s dividend payout ratio (DPR) is presently 20.49%.
Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products in North America, Europe, Latin America, and Asia. The company operates through three segments: Surfactants, Polymers, and Specialty Products.
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