Stepan Company (SCL) reported quarterly earnings results on Wednesday, Jul-20-2016. The company said it had a profit of $1.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.14. Analysts had a consensus of $1.17. The company posted revenue of $454.60 million in the period, compared to analysts expectations of $453.45 million. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.
Many Wall Street Analysts have commented on Stepan Company. Company shares were Downgraded by Seaport Global Securities on May 3, 2016 to ” Neutral”, Firm has raised the Price Target to $ 63 from a previous price target of $61 .
Stepan Company opened for trading at $62.8 and hit $62.88 on the upside on Monday, eventually ending the session at $62.62, with a gain of 0.05% or 0.03 points. The heightened volatility saw the trading volume jump to 78,421 shares. Company has a market cap of $1,398 M.
In a different news, on Jul 18, 2016, Gregory Servatius (VP of Human Resources) sold 3,534 shares at $62.30 per share price. According to the SEC, on May 3, 2016, Arthur W Mergner (VP & General Manager) sold 4,500 shares at $61.18 per share price. On May 2, 2016, F Quinn Stepan (Chairman) sold 13,400 shares at $62.32 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.