FY2024 EPS Estimates for Stepan Decreased by Seaport Res Ptn

Stepan (NYSE:SCL) – Seaport Res Ptn decreased their FY2024 earnings per share (EPS) estimates for Stepan in a research note issued to investors on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will post earnings per share of $2.39 for the year, down from their prior forecast 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.38. The business had revenue of $546.84 million for the quarter, compared to analysts’ expectations of $577.23 million. Stepan had a return on equity of 4.56% and a net margin of 2.10%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 EPS.

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

Stepan Price Performance

SCL opened at $63.51 on Friday. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 31.60 and a beta of 0.84. The company has a quick ratio of 0.86, a current ratio of 1.27 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $69.42 and a 200-day moving average price of $74.83. Stepan has a twelve month low of $59.70 and a twelve month high of $94.76.

Institutional Investors Weigh In On Stepan

Several hedge funds and other institutional investors have recently modified their holdings of SCL. KBC Group NV grew its stake in Stepan by 40.8% during the fourth quarter. KBC Group NV now owns 1,315 shares of the basic materials company’s stock valued at $85,000 after acquiring an additional 381 shares in the last quarter. Inspire Investing LLC grew its position in shares of Stepan by 16.0% during the 4th quarter. Inspire Investing LLC now owns 6,208 shares of the basic materials company’s stock valued at $402,000 after purchasing an additional 857 shares in the last quarter. O Keefe Stevens Advisory Inc. increased its holdings in shares of Stepan by 2.9% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 62,486 shares of the basic materials company’s stock worth $4,043,000 after purchasing an additional 1,773 shares during the period. Versant Capital Management Inc raised its position in shares of Stepan by 110.6% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the basic materials company’s stock worth $30,000 after buying an additional 240 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Stepan by 19.8% during the third quarter. JPMorgan Chase & Co. now owns 142,790 shares of the basic materials company’s stock valued at $11,031,000 after buying an additional 23,626 shares during the period. 82.70% of the stock is currently owned by institutional investors.

Stepan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.385 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.54 annualized dividend and a yield of 2.42%. This is an increase from Stepan’s previous quarterly dividend of $0.38. Stepan’s dividend payout ratio (DPR) is currently 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.