Stepan (NYSE:SCL) Releases Quarterly Earnings Results, Misses Estimates By $0.26 EPS

Stepan (NYSE:SCL) released its quarterly earnings data on Wednesday. The basic materials company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.26), Briefing.com reports. Stepan had a net margin of 1.71% and a return on equity of 4.04%. The business had revenue of $556.41 million during the quarter, compared to analysts’ expectations of $581.30 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The firm’s quarterly revenue was down 4.1% on a year-over-year basis.

Stepan Price Performance

NYSE:SCL traded down $4.48 during midday trading on Thursday, hitting $80.15. The company had a trading volume of 236,664 shares, compared to its average volume of 80,911. Stepan has a 52-week low of $63.60 and a 52-week high of $96.68. The stock’s fifty day moving average price is $85.84 and its 200-day moving average price is $87.33. The company has a market capitalization of $1.80 billion, a PE ratio of 50.87 and a beta of 0.81. The company has a quick ratio of 0.97, a current ratio of 1.38 and a debt-to-equity ratio of 0.33.

Stepan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.375 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.50 annualized dividend and a yield of 1.87%. Stepan’s dividend payout ratio (DPR) is presently 90.36%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Stepan from a “buy” rating to a “hold” rating in a research note on Sunday.

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 worldwide. It operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used in consumer and industrial cleaning and disinfection products, including detergents for washing clothes, dishes, carpets, and floors and walls, as well as shampoos and body washes; and other applications, such as fabric softeners, germicidal quaternary compounds, disinfectants, and lubricating ingredients.