Q2 2024 EPS Estimates for Stepan Reduced by Seaport Res Ptn (NYSE:SCL)

Stepan (NYSE:SCL) – Stock analysts at Seaport Res Ptn cut their Q2 2024 earnings per share estimates for shares of Stepan in a research report issued to clients and investors on Wednesday, April 17th. Seaport Res Ptn analyst M. Harrison now forecasts that the basic materials company will post earnings of $0.79 per share for the quarter, down from their prior estimate of $0.81. The consensus estimate for Stepan’s current full-year earnings is $2.50 per share. Seaport Res Ptn also issued estimates for Stepan’s Q3 2024 earnings at $0.83 EPS, Q4 2024 earnings at $0.56 EPS, FY2024 earnings at $2.55 EPS and FY2025 earnings at $4.80 EPS.

Stepan (NYSE:SCL) last announced its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.04). The firm had revenue of $532.13 million during the quarter, compared to analyst estimates of $534.48 million. Stepan had a net margin of 1.73% and a return on equity of 4.20%. The company’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 EPS.

Separately, StockNews.com raised Stepan from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th.

Stepan Trading Up 2.6 %

Shares of Stepan stock opened at $84.17 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.33. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 48.10 and a beta of 0.83. The business has a fifty day simple moving average of $88.00 and a 200-day simple moving average of $85.09. Stepan has a fifty-two week low of $63.60 and a fifty-two week high of $100.61.

Stepan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Thursday, February 29th. Stepan’s dividend payout ratio is 85.71%.

Insider Activity

In related news, Director F Quinn Stepan, Jr. sold 5,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $91.07, for a total transaction of $455,350.00. Following the transaction, the director now directly owns 255,567 shares of the company’s stock, valued at $23,274,486.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director F Quinn Stepan, Jr. sold 5,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $91.07, for a total transaction of $455,350.00. Following the transaction, the director now directly owns 255,567 shares of the company’s stock, valued at $23,274,486.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director F Quinn Stepan, Jr. sold 3,637 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $90.11, for a total value of $327,730.07. Following the transaction, the director now directly owns 255,567 shares in the company, valued at $23,029,142.37. The disclosure for this sale can be found here. Insiders sold a total of 10,637 shares of company stock valued at $957,940 over the last three months. Insiders own 6.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can increased its position in Stepan by 0.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 18,485 shares of the basic materials company’s stock worth $1,875,000 after purchasing an additional 98 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Stepan by 4.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,462 shares of the basic materials company’s stock worth $331,000 after purchasing an additional 134 shares during the last quarter. Royal Bank of Canada increased its position in Stepan by 3.1% in the 3rd quarter. Royal Bank of Canada now owns 4,534 shares of the basic materials company’s stock worth $425,000 after purchasing an additional 137 shares during the last quarter. Advisor Group Holdings Inc. increased its position in Stepan by 5.4% in the 4th quarter. Advisor Group Holdings Inc. now owns 3,031 shares of the basic materials company’s stock worth $324,000 after purchasing an additional 154 shares during the last quarter. Finally, Mariner LLC increased its position in Stepan by 3.7% in the 4th quarter. Mariner LLC now owns 4,316 shares of the basic materials company’s stock worth $459,000 after purchasing an additional 155 shares during the last quarter. 82.70% of the stock is owned by institutional investors and hedge funds.

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. It operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used in consumer and industrial cleaning and disinfection 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.