Stepan (NYSE:SCL) – Research analysts at Seaport Global Securities issued their Q1 2019 earnings per share (EPS) estimates for Stepan in a research report issued on Wednesday. Seaport Global Securities analyst M. Harrison anticipates that the basic materials company will earn $1.58 per share for the quarter. Seaport Global Securities also issued estimates for Stepan’s Q2 2019 earnings at $1.55 EPS, Q3 2019 earnings at $1.36 EPS, Q4 2019 earnings at $1.02 EPS and FY2019 earnings at $5.51 EPS.
Several other research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Stepan from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Scotiabank upgraded shares of Stepan from an “underperform” rating to a “sector perform” rating and set a $32.00 price objective on the stock in a research report on Tuesday, November 14th. National Bank Financial raised their price objective on shares of Stepan from $35.00 to $36.00 in a research report on Monday, November 13th. Finally, TD Securities restated a “buy” rating and set a $33.00 price objective on shares of Stepan in a research report on Sunday, September 24th. 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 given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $35.60.
Stepan (NYSE:SCL) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.17). Stepan had a return on equity of 13.98% and a net margin of 4.81%. The business had revenue of $487.81 million during the quarter, compared to the consensus estimate of $469.75 million. During the same quarter in the previous year, the business posted $1.06 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis.
In other news, VP Debra Stefaniak sold 818 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $82.66, for a total transaction of $67,615.88. Following the sale, the vice president now directly owns 6,616 shares in the company, valued at approximately $546,878.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Frank Pacholec sold 832 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $80.55, for a total transaction of $67,017.60. Following the sale, the vice president now owns 49,429 shares in the company, valued at $3,981,505.95. The disclosure for this sale can be found here. Insiders have sold a total of 2,650 shares of company stock worth $215,793 over the last 90 days. Insiders own 13.10% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. grew its stake in Stepan by 455.2% during the second quarter. Advisor Group Inc. now owns 1,177 shares of the basic materials company’s stock valued at $102,000 after acquiring an additional 965 shares in the last quarter. Victory Capital Management Inc. grew its stake in Stepan by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,254 shares of the basic materials company’s stock valued at $196,000 after acquiring an additional 337 shares in the last quarter. Amalgamated Bank grew its stake in Stepan by 3.9% during the second quarter. Amalgamated Bank now owns 2,757 shares of the basic materials company’s stock valued at $240,000 after acquiring an additional 104 shares in the last quarter. Suntrust Banks Inc. grew its stake in Stepan by 4.7% during the second quarter. Suntrust Banks Inc. now owns 3,275 shares of the basic materials company’s stock valued at $285,000 after acquiring an additional 146 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in Stepan by 42.0% during the third quarter. Cubist Systematic Strategies LLC now owns 3,759 shares of the basic materials company’s stock valued at $314,000 after acquiring an additional 1,111 shares in the last quarter. 63.19% of the stock is owned by institutional investors.
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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.
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