Stepan (SCL) Scheduled to Post Earnings on Tuesday

Stepan (NYSE:SCLGet Free Report) will post its quarterly earnings results before the market opens on Tuesday, February 20th. Analysts expect Stepan to post earnings of $0.38 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Stepan Trading Up 2.4 %

NYSE:SCL opened at $92.41 on Tuesday. The company’s 50 day moving average price is $90.94 and its 200-day moving average price is $83.98. Stepan has a 52 week low of $63.60 and a 52 week high of $111.07. The company has a quick ratio of 0.97, a current ratio of 1.46 and a debt-to-equity ratio of 0.35. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 40.71 and a beta of 0.84.

Institutional Investors Weigh In On Stepan

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Stepan by 3.1% in the first quarter. BlackRock Inc. now owns 3,733,939 shares of the basic materials company’s stock worth $368,951,000 after purchasing an additional 112,113 shares during the last quarter. Vanguard Group Inc. raised its position in Stepan by 1.1% in the third quarter. Vanguard Group Inc. now owns 2,527,610 shares of the basic materials company’s stock worth $236,762,000 after acquiring an additional 27,858 shares during the period. State Street Corp raised its position in Stepan by 6.7% in the second quarter. State Street Corp now owns 1,991,501 shares of the basic materials company’s stock worth $190,308,000 after acquiring an additional 125,582 shares during the period. Dimensional Fund Advisors LP raised its position in Stepan by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,007,868 shares of the basic materials company’s stock worth $99,589,000 after acquiring an additional 8,992 shares during the period. Finally, Morgan Stanley raised its position in Stepan by 17.6% in the third quarter. Morgan Stanley now owns 464,040 shares of the basic materials company’s stock worth $34,789,000 after acquiring an additional 69,427 shares during the period. Hedge funds and other institutional investors own 79.64% of the company’s stock.

Wall Street Analyst Weigh In

Separately, CL King upgraded shares of Stepan from a “neutral” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Thursday, October 19th.

View Our Latest Report on Stepan

About Stepan

(Get Free Report)

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 as principal ingredients 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.

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Earnings History for Stepan (NYSE:SCL)

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