Stepan (NYSE:SCL) – Research analysts at Seaport Global Securities issued their Q1 2019 earnings estimates for Stepan in a report released on Wednesday. Seaport Global Securities analyst M. Harrison forecasts 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.
Other analysts have also issued research reports about the company. National Bank Financial upped their price objective on Stepan from $35.00 to $36.00 in a research note on Monday, November 13th. TD Securities restated a “buy” rating and issued a $33.00 price objective on shares of Stepan in a research note on Sunday, September 24th. Zacks Investment Research upgraded Stepan from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Scotiabank upgraded Stepan from an “underperform” rating to a “sector perform” rating and set a $32.00 price objective on the stock in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus 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 (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.17). The company had revenue of $487.81 million for the quarter, compared to the consensus estimate of $469.75 million. Stepan had a return on equity of 13.98% and a net margin of 4.81%. The business’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.06 EPS.
In other Stepan news, VP Arthur W. Mergner sold 1,000 shares of the company’s stock in a transaction that occurred on 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 $240,233.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Frank Pacholec sold 832 shares of the company’s stock in a transaction that occurred on 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 directly owns 49,429 shares in the company, valued at approximately $3,981,505.95. The disclosure for this sale can be found here. Insiders sold 2,650 shares of company stock worth $215,793 in the last 90 days. Corporate insiders own 13.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Hancock Holding Co. grew its position in shares of Stepan by 0.5% in the second quarter. Hancock Holding Co. now owns 14,368 shares of the basic materials company’s stock valued at $1,252,000 after purchasing an additional 68 shares during the last quarter. Amalgamated Bank grew 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 valued at $240,000 after purchasing an additional 104 shares during the last quarter. Suntrust Banks Inc. grew 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 valued at $285,000 after purchasing an additional 146 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Stepan by 0.7% in the second quarter. Alliancebernstein L.P. now owns 27,390 shares of the basic materials company’s stock valued at $2,387,000 after purchasing an additional 200 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Stepan by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 15,352 shares of the basic materials company’s stock valued at $1,338,000 after purchasing an additional 265 shares during the last quarter. 63.19% of the stock is currently owned by institutional investors.
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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