Stepan (NYSE:SCL – Get Rating) – Equities research analysts at Seaport Res Ptn boosted their Q3 2022 earnings per share estimates for shares of Stepan in a report released on Monday, May 9th. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will post earnings per share of $1.84 for the quarter, up from their prior estimate of $1.80. Seaport Res Ptn has a “Neutral” rating on the stock. Seaport Res Ptn also issued estimates for Stepan’s Q4 2022 earnings at $1.44 EPS, FY2022 earnings at $6.91 EPS and FY2023 earnings at $7.60 EPS.
Stepan (NYSE:SCL – Get Rating) last released its quarterly earnings data on Tuesday, April 26th. The basic materials company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.45. Stepan had a net margin of 5.72% and a return on equity of 13.19%. During the same quarter last year, the business earned $1.82 EPS.
NYSE SCL opened at $103.99 on Thursday. Stepan has a 52 week low of $95.28 and a 52 week high of $138.45. The company has a current ratio of 1.77, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 17.05 and a beta of 0.70. The company has a 50-day moving average price of $100.55 and a two-hundred day moving average price of $111.14.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be issued a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, May 27th. Stepan’s dividend payout ratio (DPR) is presently 21.97%.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Stepan by 7.4% in the fourth quarter. BlackRock Inc. now owns 3,621,826 shares of the basic materials company’s stock valued at $450,157,000 after acquiring an additional 248,743 shares in the last quarter. State Street Corp boosted its holdings in Stepan by 4.5% during the fourth quarter. State Street Corp now owns 1,578,211 shares of the basic materials company’s stock worth $196,156,000 after buying an additional 67,889 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Stepan by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,002,834 shares of the basic materials company’s stock worth $113,264,000 after buying an additional 12,808 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in Stepan by 27.4% during the fourth quarter. Westwood Holdings Group Inc. now owns 548,536 shares of the basic materials company’s stock worth $68,178,000 after buying an additional 118,087 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Stepan by 13.5% during the third quarter. Bank of New York Mellon Corp now owns 418,086 shares of the basic materials company’s stock worth $47,218,000 after buying an additional 49,781 shares in the last quarter. Institutional investors and hedge funds own 76.75% of the company’s stock.
Stepan Company Profile (Get Rating)
Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products. It 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, disinfectants, and lubricating ingredients.
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