Stepan Forecasted to Post Q1 2018 Earnings of $1.15 Per Share (SCL)
Stepan (NYSE:SCL) – Stock analysts at KeyCorp issued their Q1 2018 earnings per share estimates for Stepan in a research report issued to clients and investors on Tuesday. KeyCorp analyst M. Sison anticipates that the basic materials company will earn $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.
Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Stepan from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. TD Securities reiterated a “buy” rating and set a $33.00 target price on shares of Stepan in a research report on Sunday, September 24th. National Bank Financial lifted their target price on Stepan from $35.00 to $36.00 in a research report on Monday, November 13th. Finally, Scotiabank upgraded Stepan from an “underperform” rating to a “sector perform” rating and set a $32.00 target price on the stock in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Stepan presently has a consensus rating of “Hold” and an average target price of $35.60.
Stepan (NYSE:SCL) last released its 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). The company had revenue of $487.81 million for the quarter, compared to analysts’ expectations of $469.75 million. Stepan had a net margin of 4.81% and a return on equity of 13.98%. Stepan’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.06 earnings per share.
In other news, 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 transaction, the vice president now directly owns 2,960 shares in the company, valued at $240,233.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Frank Pacholec sold 832 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $80.55, for a total value of $67,017.60. Following the completion of the transaction, 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 sold 2,650 shares of company stock worth $215,793 over the last 90 days. Company insiders own 13.10% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Advisor Group Inc. lifted its position in shares of Stepan by 455.2% in the second quarter. Advisor Group Inc. now owns 1,177 shares of the basic materials company’s stock worth $102,000 after buying an additional 965 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Stepan by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,254 shares of the basic materials company’s stock worth $196,000 after buying an additional 337 shares in the last quarter. Amalgamated Bank lifted its position in shares of Stepan by 3.9% in the second quarter. Amalgamated Bank now owns 2,757 shares of the basic materials company’s stock worth $240,000 after buying an additional 104 shares in the last quarter. Suntrust Banks Inc. lifted its position in shares of Stepan by 4.7% in the second quarter. Suntrust Banks Inc. now owns 3,275 shares of the basic materials company’s stock worth $285,000 after buying an additional 146 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Stepan by 42.0% in the third quarter. Cubist Systematic Strategies LLC now owns 3,759 shares of the basic materials company’s stock worth $314,000 after buying an additional 1,111 shares in the last quarter. Institutional investors own 63.19% of the company’s stock.
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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