Stepan (SCL) Earns Daily Coverage Optimism Score of 0.16

Media headlines about Stepan (NYSE:SCL) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Stepan earned a news impact score of 0.16 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 45.0337070772507 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Several brokerages have commented on SCL. Scotiabank upgraded shares of Stepan from an “underperform” rating to a “sector perform” rating and set a $32.00 price objective for the company in a research note on Tuesday, November 14th. National Bank Financial lifted their price objective on shares of Stepan from $35.00 to $36.00 in a research note on Monday, November 13th. Zacks Investment Research cut shares of Stepan from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. TD Securities restated a “buy” rating and set a $33.00 price objective on shares of Stepan in a research note on Sunday, September 24th. Finally, KeyCorp restated a “hold” rating on shares of Stepan in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Stepan currently has an average rating of “Hold” and an average target price of $35.60.

Stepan (NYSE SCL) traded down $0.35 on Friday, hitting $78.97. 59,832 shares of the company traded hands, compared to its average volume of 75,721. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.08 and a current ratio of 2.64. Stepan has a 1 year low of $68.51 and a 1 year high of $92.97. The firm has a market cap of $1,786.49, a PE ratio of 20.46 and a beta of 1.29.

Stepan (NYSE:SCL) last posted 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). Stepan had a net margin of 4.81% and a return on equity of 13.98%. The firm had revenue of $487.81 million during the quarter, compared to analyst estimates of $469.75 million. During the same quarter in the prior year, the firm earned $1.06 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. analysts forecast that Stepan will post 4.3 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were paid a $0.225 dividend. This is a boost from Stepan’s previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, November 29th. Stepan’s payout ratio is currently 23.32%.

In related news, VP Arthur W. Mergner sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $81.16, for a total value of $81,160.00. Following the completion of the transaction, the vice president now directly owns 2,960 shares in the company, valued at approximately $240,233.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Debra Stefaniak sold 818 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $82.66, for a total transaction of $67,615.88. Following the completion of the transaction, the vice president now owns 6,616 shares of the company’s stock, valued at $546,878.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,650 shares of company stock valued at $215,793. Company insiders own 13.10% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Stepan (NYSE:SCL)

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