Stepan (NYSE:SCL) issued its earnings results on Thursday. The basic materials company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.22, Bloomberg Earnings reports. Stepan had a return on equity of 13.89% and a net margin of 5.55%. The firm had revenue of $444.99 million for the quarter, compared to analysts’ expectations of $441.45 million. During the same quarter last year, the business earned $1.02 earnings per share. The company’s revenue was down 4.6% compared to the same quarter last year.
Shares of SCL opened at $100.66 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.03 and a debt-to-equity ratio of 0.22. Stepan has a 1 year low of $82.98 and a 1 year high of $105.87. The stock has a market cap of $2.30 billion, a P/E ratio of 22.72 and a beta of 1.28. The stock’s 50-day moving average price is $102.15 and its two-hundred day moving average price is $98.17.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Thursday, March 5th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Wednesday, March 4th. Stepan’s dividend payout ratio (DPR) is currently 21.48%.
In other Stepan news, VP Arthur W. Mergner sold 3,803 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $99.20, for a total transaction of $377,257.60. 11.40% of the stock is currently owned by company insiders.
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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