FY2024 EPS Estimates for Stepan Lowered by Seaport Res Ptn

Stepan (NYSE:SCL) – Seaport Res Ptn lowered their FY2024 EPS estimates for Stepan in a research note issued on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now forecasts that the basic materials company will post earnings per share of $2.39 for the year, down from their previous estimate of $2.60. The consensus estimate for Stepan’s current full-year earnings is $2.53 per share. Seaport Res Ptn also issued estimates for Stepan’s Q4 2024 earnings at $0.31 EPS, Q1 2025 earnings at $0.92 EPS, Q3 2025 earnings at $0.98 EPS, Q4 2025 earnings at $0.60 EPS, FY2025 earnings at $3.54 EPS and FY2026 earnings at $4.79 EPS.

Stepan (NYSE:SCL) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.38. The company had revenue of $546.84 million during the quarter, compared to the consensus estimate of $577.23 million. Stepan had a return on equity of 4.56% and a net margin of 2.10%. The company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company earned $0.64 EPS.

Separately, StockNews.com downgraded shares of Stepan from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th.

Stepan Stock Down 1.3 %

SCL opened at $62.79 on Friday. The company has a market capitalization of $1.41 billion, a P/E ratio of 31.24 and a beta of 0.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.27 and a quick ratio of 0.86. The firm’s fifty day moving average price is $69.18 and its two-hundred day moving average price is $74.64. Stepan has a fifty-two week low of $59.70 and a fifty-two week high of $94.76.

Institutional Trading of Stepan

Several institutional investors have recently bought and sold shares of SCL. Versant Capital Management Inc lifted its holdings in shares of Stepan by 110.6% during the fourth quarter. Versant Capital Management Inc now owns 457 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 240 shares during the period. Copeland Capital Management LLC acquired a new stake in shares of Stepan during the 3rd quarter worth about $48,000. KBC Group NV lifted its holdings in Stepan by 43.9% during the 3rd quarter. KBC Group NV now owns 934 shares of the basic materials company’s stock valued at $72,000 after purchasing an additional 285 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Stepan during the 2nd quarter valued at about $129,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Stepan in the third quarter valued at about $161,000. Institutional investors and hedge funds own 82.70% of the company’s stock.

Stepan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.385 dividend. The ex-dividend date of this dividend was Friday, November 29th. This is a boost from Stepan’s previous quarterly dividend of $0.38. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.45%. Stepan’s dividend payout ratio is presently 76.62%.

Stepan Company Profile

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.