Stepan Company (NYSE:SCL) is reporting third quarter earnings results on Wednesday 21st October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.40 per share from $ 455.70 million in revenue.
For the full year, analysts predict revenues of $ 1816.87 million, while looking forward to income of $ 5.21 per share.
Previous Quarter Performance
Stepan Company disclosed income for the second quarter of $ 1.54 per share, from the revenue of $ 460.55 million, On adjusted basis, SCL reported income for the quarter of $ 1.65 per share. The quarterly earnings boosted 18.46 percent while revenues fell 2.63 percent compared with the same quarter last year. According to street consensus, SCL was expected to report 2Q20 income of $ 1.20 per share from revenue of $ 451.33 million. The bottom line results beat street analysts by $ 0.45 or 37.50 percent, at the same time, top line results outshined analysts by $ 9.22 million or 2.04 percent.
Stock Performance
Shares of Stepan Company traded up $ 2.36 or 2.08 percent on Tuesday, reaching $ 115.69 with volume of 75.60 thousand shares. Stepan Company has traded high as $ 116.50 and has cracked $ 113.61 on the downward trend
The closing price of $ 115.69, representing a 63.46 % increase from the 52 week low of $ 69.33 and a 4.62 % decrease over the 52 week high of $ 118.82.
The company has a market capital of $ 2.59 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Recent Stock Dividend Announcement
On July 22, 2020, the board of directors authorized quarterly dividend of $ 0.275 per share to holders of record as of the close of business on August 31, 2020, with payment date of September 15, 2020 and ex-dividend date on August 28, 2020.
Conference Call
Stepan Company will be hosting a conference call at 10:00 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.stepan.com
Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products in North America, Europe, Latin America, and Asia. The company 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 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, and lubricating ingredients.
