Analysts Anticipate Stepan (NYSE:SCL) to Announce $1.16 EPS

Equities research analysts expect Stepan (NYSE:SCL) to announce earnings per share of $1.16 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Stepan’s earnings, with the lowest EPS estimate coming in at $1.05 and the highest estimate coming in at $1.30. Stepan posted earnings of $1.11 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.5%. The business is scheduled to report its next quarterly earnings results on Wednesday, October 23rd.

On average, analysts expect that Stepan will report full-year earnings of $5.05 per share for the current financial year, with EPS estimates ranging from $5.00 to $5.13. For the next year, analysts anticipate that the company will report earnings of $5.66 per share, with EPS estimates ranging from $5.20 to $5.99. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Stepan.

Stepan (NYSE:SCL) last issued its earnings results on Wednesday, July 24th. The basic materials company reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.19. Stepan had a return on equity of 14.19% and a net margin of 5.39%. The company had revenue of $473.00 million during the quarter, compared to the consensus estimate of $519.20 million. During the same quarter in the prior year, the business earned $1.38 earnings per share. The company’s revenue was down 9.0% compared to the same quarter last year.

SCL has been the topic of several recent analyst reports. ValuEngine cut Stepan from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded Stepan from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada initiated coverage on Stepan in a research note on Wednesday, July 3rd. They issued a “sector perform” rating and a $21.00 price target on the stock. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock 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 the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $90.52, for a total transaction of $108,624.00. Following the completion of the sale, the director now owns 10,253 shares in the company, valued at approximately $928,101.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Luis Rojo acquired 300 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were bought at an average price of $86.64 per share, with a total value of $25,992.00. Following the transaction, the chief financial officer now directly owns 1,900 shares in the company, valued at approximately $164,616. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 750 shares of company stock worth $65,488 and have sold 15,643 shares worth $1,519,392. Corporate insiders own 11.40% of the company’s stock.

Several large investors have recently made changes to their positions in SCL. Norges Bank acquired a new position in Stepan during the fourth quarter worth $35,800,000. Roubaix Capital LLC bought a new position in Stepan during the first quarter worth about $4,468,000. Hennessy Advisors Inc. bought a new position in Stepan during the second quarter worth about $2,987,000. Jacobs Levy Equity Management Inc. lifted its stake in Stepan by 25.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 106,302 shares of the basic materials company’s stock worth $9,304,000 after purchasing an additional 21,540 shares during the period. Finally, Eagle Asset Management Inc. raised its stake in shares of Stepan by 15.4% in the first quarter. Eagle Asset Management Inc. now owns 159,837 shares of the basic materials company’s stock valued at $13,988,000 after acquiring an additional 21,325 shares during the last quarter. Institutional investors and hedge funds own 71.95% of the company’s stock.

Shares of NYSE SCL opened at $96.54 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.69 and a quick ratio of 2.01. Stepan has a 1-year low of $69.17 and a 1-year high of $101.84. The stock has a 50-day moving average of $92.75. The stock has a market capitalization of $2.22 billion, a P/E ratio of 19.78 and a beta of 1.29.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, August 29th. Stepan’s payout ratio is currently 20.49%.

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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