Stepan (NYSE:SCL) Issues Earnings Results

Share on StockTwits

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%.

A number of equities analysts have issued reports on SCL shares. Zacks Investment Research upgraded Stepan from a “sell” rating to a “hold” rating in a report on Wednesday, December 25th. Seaport Global Securities restated a “neutral” rating on shares of Stepan in a report on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Stepan has an average rating of “Hold” and a consensus price target of $41.75.

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.

Featured Story: How can investors find ex-dividend dates?

Earnings History for Stepan (NYSE:SCL)

Receive News & Ratings for Stepan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stepan and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.