News coverage about Stepan (NYSE:SCL) has been trending somewhat positive on Sunday, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Stepan earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 45.8839956691937 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.
Several research analysts have issued reports on SCL shares. Wellington Shields lowered Stepan from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded Stepan from a “sell” rating to a “hold” rating in a report on Saturday. BidaskClub lowered Stepan from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. ValuEngine upgraded Stepan from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, KeyCorp reiterated a “hold” rating on shares of Stepan in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $48.40.
Stepan (NYSE:SCL) traded up 0.70% on Friday, hitting $80.79. The stock had a trading volume of 154,495 shares. The company has a market cap of $1.82 billion, a P/E ratio of 21.03 and a beta of 1.26. The stock has a 50 day moving average price of $78.89 and a 200 day moving average price of $82.28. Stepan has a 1-year low of $67.85 and a 1-year high of $92.97.
Stepan (NYSE:SCL) last posted its earnings results on Wednesday, July 26th. The basic materials company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.02). Stepan had a return on equity of 14.95% and a net margin of 4.85%. The firm had revenue of $495.10 million for the quarter, compared to analysts’ expectations of $472.35 million. During the same quarter last year, the company posted $1.31 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. On average, equities research analysts expect that Stepan will post $4.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.01%. Stepan’s dividend payout ratio (DPR) is 21.52%.
In other news, VP Frank Pacholec sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $80.10, for a total value of $120,150.00. Following the sale, the vice president now directly owns 49,014 shares of the company’s stock, valued at approximately $3,926,021.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director F Quinn Stepan sold 8,865 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $80.50, for a total value of $713,632.50. Following the completion of the sale, the director now directly owns 287,962 shares in the company, valued at $23,180,941. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,904 shares of company stock worth $2,221,092. Insiders own 13.10% of the company’s stock.
Stepan Company Profile
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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