Stepan (SCL) Forecasted to Post Q1 2018 Earnings of $1.15 Per Share

Stepan (NYSE:SCL) – Stock analysts at KeyCorp issued their Q1 2018 earnings per share estimates for shares of Stepan in a research note issued to investors on Tuesday. KeyCorp analyst M. Sison forecasts that the basic materials company will post earnings of $1.15 per share for the quarter. KeyCorp also issued estimates for Stepan’s Q2 2018 earnings at $1.22 EPS and Q4 2018 earnings at $1.09 EPS.

Stepan (NYSE:SCL) last posted its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.17). The company had revenue of $487.81 million during the quarter, compared to analyst estimates of $469.75 million. Stepan had a return on equity of 13.98% and a net margin of 4.81%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.06 EPS.

A number of other brokerages also recently weighed in on SCL. National Bank Financial raised shares of Stepan from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $27.00 to $35.00 in a report on Wednesday, October 11th. Zacks Investment Research downgraded shares of Stepan from a “hold” rating to a “sell” rating in a report on Friday, October 20th. TD Securities reissued a “buy” rating and issued a $33.00 price target on shares of Stepan in a report on Sunday, September 24th. Finally, Scotiabank raised shares of Stepan from an “underperform” rating to a “sector perform” rating and set a $32.00 price target for the company in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $35.60.

Shares of Stepan (SCL) opened at $81.19 on Friday. Stepan has a 1-year low of $68.51 and a 1-year high of $92.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.64 and a quick ratio of 2.08. The firm has a market cap of $1,751.81, a PE ratio of 21.03 and a beta of 1.30.

In other Stepan news, VP Debra Stefaniak sold 818 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $82.66, for a total transaction of $67,615.88. Following the sale, the vice president now owns 6,616 shares in the company, valued at approximately $546,878.56. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Arthur W. Mergner sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $81.16, for a total value of $81,160.00. Following the sale, the vice president now owns 2,960 shares in the company, valued at approximately $240,233.60. The disclosure for this sale can be found here. Insiders sold a total of 2,650 shares of company stock valued at $215,793 over the last three months. 13.10% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Stepan by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,151,859 shares of the basic materials company’s stock worth $187,513,000 after buying an additional 12,781 shares during the period. Stevens Capital Management LP raised its holdings in Stepan by 19.3% during the 3rd quarter. Stevens Capital Management LP now owns 8,313 shares of the basic materials company’s stock worth $695,000 after buying an additional 1,342 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in Stepan during the 2nd quarter worth about $368,000. Walthausen & Co. LLC raised its holdings in Stepan by 43.4% during the 3rd quarter. Walthausen & Co. LLC now owns 130,545 shares of the basic materials company’s stock worth $10,921,000 after buying an additional 39,540 shares during the period. Finally, OxFORD Asset Management LLP raised its holdings in Stepan by 71.1% during the 3rd quarter. OxFORD Asset Management LLP now owns 5,612 shares of the basic materials company’s stock worth $470,000 after buying an additional 2,333 shares during the period. Hedge funds and other institutional investors own 63.19% of the company’s stock.

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Stepan Company Profile

Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a range of end products. The Company operates through three segments: Surfactants, Polymers and Specialty Products. The Company’s principal markets include manufacturers of cleaning and washing compounds (including detergents, shampoos, fabric softeners, toothpastes and household cleaners), paints, cosmetics, food, beverages, nutritional supplements, agricultural products and plastics.

Earnings History and Estimates for Stepan (NYSE:SCL)

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