Stepan (NYSE:SCL) Announces Earnings Results, Misses Expectations By $0.37 EPS

Stepan (NYSE:SCL) released its quarterly earnings data on Monday. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.37), FiscalAI reports. The company had revenue of $553.89 million during the quarter, compared to analyst estimates of $570.60 million. Stepan had a net margin of 1.96% and a return on equity of 3.70%.

Stepan Price Performance

Shares of SCL opened at $67.30 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.30. Stepan has a fifty-two week low of $41.82 and a fifty-two week high of $68.00. The firm has a 50-day simple moving average of $54.71 and a 200-day simple moving average of $49.71. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 33.99 and a beta of 1.05.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Stepan from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Stepan currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its holdings in shares of Stepan by 195.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 299,970 shares of the basic materials company’s stock valued at $14,207,000 after purchasing an additional 198,457 shares during the period. Bridgeway Capital Management LLC purchased a new position in Stepan in the 2nd quarter valued at $5,573,000. UBS Group AG increased its stake in Stepan by 338.9% in the 3rd quarter. UBS Group AG now owns 125,004 shares of the basic materials company’s stock valued at $5,963,000 after buying an additional 96,526 shares during the period. AQR Capital Management LLC raised its position in Stepan by 114.9% during the 4th quarter. AQR Capital Management LLC now owns 154,903 shares of the basic materials company’s stock worth $7,336,000 after buying an additional 82,825 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Stepan by 36.7% in the 4th quarter. Russell Investments Group Ltd. now owns 285,918 shares of the basic materials company’s stock worth $13,541,000 after acquiring an additional 76,711 shares during the period. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

Stepan Company Profile

Stepan Company is a global manufacturer of specialty and intermediate chemicals, primarily known for its development and production of surfactants and related specialty products. The company’s portfolio includes a wide range of ingredients used to enhance the performance of consumer and industrial formulations, such as emulsifiers, foam control agents, odor control agents, antimicrobial products and performance additives. These products are integral components in cleaning solutions, personal care items, agrochemical formulations, coatings, oilfield treatments and polymer systems.

Serving a diverse set of end-markets, Stepan’s offerings address both consumer-facing and industrial applications.