Press coverage about Stepan (NYSE:SCL) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Stepan earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 44.9338815153304 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of research firms have recently weighed in on SCL. Zacks Investment Research raised Stepan from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Scotiabank raised Stepan from an “underperform” rating to a “sector perform” rating and set a $32.00 price objective for the company in a research report on Tuesday, November 14th. National Bank Financial raised their price objective on Stepan from $35.00 to $36.00 in a research report on Monday, November 13th. Finally, TD Securities reissued a “buy” rating and issued a $33.00 price objective on shares of Stepan in a research report on Sunday, September 24th. 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 given 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.
Shares of Stepan (NYSE:SCL) opened at $79.31 on Friday. 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 capitalization of $1,796.18, a price-to-earnings ratio of 20.55 and a beta of 1.30. Stepan has a 52-week low of $68.51 and a 52-week high of $92.97.
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 Zacks’ consensus estimate of $1.09 by ($0.17). The business 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 firm’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 business earned $1.06 EPS. research analysts expect that Stepan will post 4.3 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were given a $0.225 dividend. This is a boost from Stepan’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.13%. Stepan’s dividend payout ratio (DPR) is presently 23.32%.
In other Stepan news, VP Arthur W. Mergner sold 1,000 shares of Stepan stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $81.16, for a total transaction of $81,160.00. Following the completion of the sale, the vice president now owns 2,960 shares of the company’s stock, valued at approximately $240,233.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Frank Pacholec sold 832 shares of Stepan stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $80.55, for a total value of $67,017.60. Following the sale, the vice president now directly owns 49,429 shares of the company’s stock, valued at approximately $3,981,505.95. The disclosure for this sale can be found here. Insiders sold a total of 2,650 shares of company stock valued at $215,793 in the last three months. Insiders own 13.10% 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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