Stepan Company (SCL) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $1.29 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.31. Analysts had a consensus of $0.98. The company posted revenue of $445.89 million in the period, compared to analysts expectations of $443.60 million. The company’s revenue was down -3.2% compared to the same quarter last year.
Stepan Company opened for trading at $58.68 and hit $59.41 on the upside on Friday, eventually ending the session at $59.32, with a gain of 1.28% or 0.75 points. The heightened volatility saw the trading volume jump to 1,12,274 shares. Company has a market cap of $1,322 M.
In a different news, on Apr 20, 2016, F Quinn Jr Stepan (President & CEO) sold 462 shares at $58.46 per share price. According to the SEC, on Mar 7, 2016, Debra Stefaniak (VP, Business Transformation) purchased 500 shares at $54.05 per share price. On Mar 4, 2016, Scott D Beamer (CFO) purchased 2,000 shares at $51.16 per share price, according to the Form-4 filing with the securities and exchange commission.
Stepan Company produces specialty and intermediate chemicals which are sold to other manufacturers and used in a variety of end products. The Company has three segments: surfactants polymers and specialty products. The Companys Surfactants segment offers products which are principal ingredients in consumer and industrial cleaning products such as detergents for washing clothes dishes carpets floors and walls as well as shampoos and body washes. The Companys Polymers segment includes polyurethane polyols polyester resins and phthalic anhydride. Polyurethane polyols are used in the manufacture of rigid foam for thermal insulation. The Companys Polymers segment includes polyurethane polyols polyester resins and phthalic anhydride. Polyurethane polyols are used in the manufacture of rigid foam for thermal insulation.