KeyCorp Weighs in on Stepan’s FY2019 Earnings (SCL)

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Stepan (NYSE:SCL) – Stock analysts at KeyCorp issued their FY2019 earnings estimates for Stepan in a report released on Monday, March 4th. KeyCorp analyst M. Sison forecasts that the basic materials company will earn $4.90 per share for the year. KeyCorp also issued estimates for Stepan’s Q4 2019 earnings at $1.03 EPS.

Stepan (NYSE:SCL) last announced its earnings results on Thursday, February 21st. The basic materials company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.21. The business had revenue of $466.70 million for the quarter, compared to analyst estimates of $486.67 million. Stepan had a net margin of 5.66% and a return on equity of 14.68%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $1.06 earnings per share.

A number of other equities analysts have also issued reports on the stock. ValuEngine upgraded shares of Stepan from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Stifel Nicolaus initiated coverage on shares of Stepan in a research report on Monday, December 10th. They set a “buy” rating and a $94.00 target price on the stock. Zacks Investment Research lowered shares of Stepan from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. Finally, TD Securities reiterated a “neutral” rating and issued a $27.00 price objective on shares of Stepan in a research report on Wednesday, November 7th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Stepan has an average rating of “Hold” and an average price target of $74.50.

Shares of SCL opened at $91.19 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.90 and a current ratio of 2.37. The company has a market cap of $2.12 billion, a PE ratio of 18.69 and a beta of 1.22. Stepan has a 12-month low of $68.09 and a 12-month high of $95.32.

Large investors have recently bought and sold shares of the stock. Howe & Rusling Inc. purchased a new position in Stepan in the 4th quarter valued at $85,000. First Quadrant L P CA purchased a new position in Stepan in the 4th quarter valued at $93,000. Girard Partners LTD. purchased a new position in Stepan in the 3rd quarter valued at $103,000. IFP Advisors Inc grew its position in Stepan by 6,176.5% in the 3rd quarter. IFP Advisors Inc now owns 2,134 shares of the basic materials company’s stock valued at $186,000 after buying an additional 2,100 shares during the last quarter. Finally, Vident Investment Advisory LLC purchased a new position in Stepan in the 3rd quarter valued at $246,000. Hedge funds and other institutional investors own 68.21% of the company’s stock.

In related news, VP Robert Victor Slone sold 517 shares of Stepan stock in a transaction on Monday, January 7th. The shares were sold at an average price of $75.17, for a total value of $38,862.89. Following the transaction, the vice president now directly owns 7,565 shares in the company, valued at approximately $568,661.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman F Quinn Stepan, Jr. sold 12,889 shares of Stepan stock in a transaction on Friday, March 1st. The shares were sold at an average price of $93.83, for a total transaction of $1,209,374.87. Following the completion of the transaction, the chairman now owns 202,576 shares in the company, valued at $19,007,706.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,606 shares of company stock worth $1,264,214. 12.60% of the stock is currently owned by insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Monday, March 4th will be given a $0.25 dividend. The ex-dividend date is Friday, March 1st. This represents a $1.00 dividend on an annualized basis and a yield of 1.10%. Stepan’s dividend payout ratio (DPR) is 20.49%.

About Stepan

Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide. The company operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used as principal ingredients in consumer and industrial cleaning products, including detergents for washing clothes, dishes, carpets, and floors and walls, as well as shampoos and body washes; and other applications, such as fabric softeners, germicidal quaternary compounds, and lubricating ingredients.

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