Stepan (NYSE:SCL) issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.04, MarketWatch Earnings reports. The firm had revenue of $489.17 million during the quarter, compared to the consensus estimate of $510.57 million. Stepan had a net margin of 5.40% and a return on equity of 14.24%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the business posted $1.44 earnings per share.
NYSE:SCL traded down $0.18 during mid-day trading on Wednesday, reaching $86.75. The stock had a trading volume of 37,978 shares, compared to its average volume of 90,375. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 17.78 and a beta of 1.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.74 and a quick ratio of 2.01. Stepan has a 12 month low of $69.17 and a 12 month high of $95.32.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.00 dividend on an annualized basis and a yield of 1.15%. Stepan’s dividend payout ratio (DPR) is 20.49%.
A number of research firms have recently weighed in on SCL. Zacks Investment Research upgraded shares of Stepan from a “sell” rating to a “buy” rating and set a $102.00 price target for the company in a research report on Tuesday, May 7th. ValuEngine upgraded shares of Stepan from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $79.50.
In related news, Director Gregory E. Lawton sold 2,201 shares of Stepan stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $91.14, for a total value of $200,599.14. Following the transaction, the director now directly owns 17,315 shares of the company’s stock, valued at $1,578,089.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman F Quinn Stepan, Jr. sold 12,889 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $93.83, for a total transaction of $1,209,374.87. Following the sale, the chairman now directly owns 202,576 shares in the company, valued at approximately $19,007,706.08. The disclosure for this sale can be found here. Over the last three months, insiders purchased 1,200 shares of company stock worth $107,029 and sold 20,128 shares worth $1,865,444. Company insiders own 11.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC grew its stake in shares of Stepan by 189.0% during the first quarter. FMR LLC now owns 341 shares of the basic materials company’s stock worth $30,000 after buying an additional 223 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of Stepan during the first quarter worth $317,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Stepan during the first quarter worth $210,000. One Wealth Advisors LLC bought a new stake in shares of Stepan during the first quarter worth $46,000. Finally, Morgan Stanley grew its stake in shares of Stepan by 17.1% during the first quarter. Morgan Stanley now owns 105,335 shares of the basic materials company’s stock worth $9,219,000 after buying an additional 15,364 shares during the last quarter. 71.44% of the stock is currently owned by hedge funds and other institutional investors.
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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 in North America, Europe, Latin America, and Asia. The company operates through three segments: Surfactants, Polymers, and Specialty Products.
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