Media coverage about Stepan (NYSE:SCL) has trended somewhat positive on Saturday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Stepan earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 47.3552292608686 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Frank Pacholec Sells 1,000 Shares of Stepan Company (SCL) Stock (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Stepan Co. (finance.yahoo.com)
- STEPAN CO : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- Stepan Company (SCL) Chairman F Quinn Stepan, Jr. Sells 15,000 Shares (americanbankingnews.com)
- BMO Capital Markets Trims Stepan Company (SCL) Target Price to $36.00 (americanbankingnews.com)
Shares of Stepan (NYSE SCL) opened at 76.62 on Friday. The company has a market cap of $1.73 billion, a PE ratio of 19.95 and a beta of 1.26. Stepan has a one year low of $66.97 and a one year high of $92.97. The company’s 50-day moving average price is $84.42 and its 200 day moving average price is $82.05.
Stepan (NYSE:SCL) last posted its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $1.32 EPS for the quarter, missing the Zacks’ consensus estimate of $1.34 by $0.02. Stepan had a net margin of 4.85% and a return on equity of 14.95%. The firm had revenue of $495.10 million during the quarter, compared to the consensus estimate of $472.35 million. During the same period in the prior year, the company posted $1.31 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities analysts forecast that Stepan will post $4.58 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Tuesday, August 29th. Stepan’s dividend payout ratio is currently 21.52%.
SCL has been the subject of a number of research reports. Industrial Alliance Securities upgraded Stepan from a “buy” rating to a “strong-buy” rating and set a $41.00 price target for the company in a research note on Monday, May 29th. ValuEngine upgraded Stepan from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub downgraded Stepan from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Wellington Shields downgraded Stepan from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, National Bank Financial reduced their price objective on Stepan from $40.00 to $27.00 and set a “sector perform” rating for the company in a research report on Monday, June 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $52.00.
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In related news, VP Frank Pacholec sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $79.33, for a total transaction of $79,330.00. Following the transaction, the vice president now owns 49,514 shares in the company, valued at approximately $3,927,945.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman F Quinn Stepan, Jr. sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $79.27, for a total transaction of $1,189,050.00. Following the transaction, the chairman now owns 151,864 shares in the company, valued at approximately $12,038,259.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,865 shares of company stock worth $1,982,013. 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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