Zacks: Brokerages Anticipate Stepan (NYSE:SCL) to Post $1.31 Earnings Per Share

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Brokerages expect that Stepan (NYSE:SCL) will announce earnings per share (EPS) of $1.31 for the current quarter, according to Zacks. Two analysts have made estimates for Stepan’s earnings, with the highest EPS estimate coming in at $1.34 and the lowest estimate coming in at $1.26. Stepan reported earnings of $1.38 per share in the same quarter last year, which suggests a negative year over year growth rate of 5.1%. The business is scheduled to report its next quarterly earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that Stepan will report full-year earnings of $4.95 per share for the current financial year, with EPS estimates ranging from $4.80 to $5.09. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.67 per share, with EPS estimates ranging from $5.10 to $6.03. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Stepan.

Stepan (NYSE:SCL) last announced its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.27 by $0.04. Stepan had a net margin of 5.40% and a return on equity of 14.24%. The business had revenue of $489.17 million during the quarter, compared to analysts’ expectations of $510.57 million. During the same period in the previous year, the business posted $1.44 EPS. The business’s quarterly revenue was down 2.0% compared to the same quarter last year.

Several brokerages have commented on SCL. Zacks Investment Research cut shares of Stepan from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. ValuEngine upgraded shares of Stepan from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Stepan presently has a consensus rating of “Hold” and a consensus target price of $79.50.

Shares of NYSE SCL opened at $92.63 on Tuesday. The company has a quick ratio of 2.01, a current ratio of 2.74 and a debt-to-equity ratio of 0.32. Stepan has a 12 month low of $69.17 and a 12 month high of $95.32. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 19.26 and a beta of 1.30.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, May 30th. Stepan’s dividend payout ratio is presently 20.49%.

In other Stepan news, Director Gregory E. Lawton sold 2,201 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $91.14, for a total transaction of $200,599.14. Following the completion of the transaction, the director now directly owns 17,315 shares in the company, valued at $1,578,089.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Frank Pacholec sold 1,931 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $91.94, for a total transaction of $177,536.14. Following the sale, the vice president now directly owns 8,664 shares of the company’s stock, valued at approximately $796,568.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 1,000 shares of company stock valued at $87,880 and have sold 5,332 shares valued at $486,759. Corporate insiders own 11.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in 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 acquiring an additional 223 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Stepan in the first quarter valued at approximately $317,000. Schonfeld Strategic Advisors LLC acquired a new stake in Stepan in the first quarter valued at approximately $210,000. One Wealth Advisors LLC acquired a new stake in Stepan in the first quarter valued at approximately $46,000. Finally, Morgan Stanley raised its holdings in Stepan by 17.1% in the first quarter. Morgan Stanley now owns 105,335 shares of the basic materials company’s stock valued at $9,219,000 after acquiring an additional 15,364 shares in the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

About Stepan

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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