Stepan Company (SCL) Releases Earnings Results, Beats Expectations By $0.11 EPS

Stepan Company (SCL) announced its most recent quarterly financial results on Tuesday, Oct-18-2016. SCL said it had a profit of $1.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $0.95. The company posted revenue of $445.03 million in the period, compared to analysts expectations of $444.65 million. SCL’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS.

Stepan Company closed down -0.77 points or -1.08% at $70.77 with 1,13,211 shares getting traded on Friday. Post opening the session at $71.86, the shares hit an intraday low of $70.44 and an intraday high of $72.57 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 9, 2016, Frank Pacholec (Vice President R&D) sold 1,500 shares at $72.00 per share price. According to the SEC, on Aug 11, 2016, Scott C Mason (Vice President, Supply Chain) sold 6,070 shares at $67.45 per share price. On Aug 10, 2016, Gregory Servatius (VP of Human Resources) sold 5,438 shares at $66.54 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 Company’s 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 Company’s Polymers segment includes polyurethane polyols polyester resins and phthalic anhydride. Polyurethane polyols are used in the manufacture of rigid foam for thermal insulation. The Company’s Polymers segment includes polyurethane polyols polyester resins and phthalic anhydride. Polyurethane polyols are used in the manufacture of rigid foam for thermal insulation.

Stepan Company

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