Stepan Company Common Stock (NYSE:SCL):
Stepan Reports Strong Third Quarter Results.
In the market the company is trading up since yesterday’s close of $70.17.
The company recently declared a dividend that will be paid on Thursday the 15th of December 2016. The dividend will be $0.205 per share for the quarter which is $0.82 annualized. This dividend amount will represent a yeild of $1.16. The ex-dividend date will be Monday August 29th, 2016.
The stock is trading at $70.21 barely below $71.69, the stock’s 50 day moving average and which is just over the 200 day moving average of $64.64. The 50 day moving average went down by -2.07% and the 200 day average was up $5.57.
The company’s P/E ratio is 18.13 and the market value is 1.60B. As of the latest earnings report the EPS was $3.87 and is estimated to be $4.35 for the current year with 22,819,000 shares now outstanding. Next quarter’s EPS is expected be $1.18 and the next full year EPS is anticipated to be $4.44.
A few brokerages have weighed in on the stock. Global Hunter started covering SCL by announcing an initial rating of “Accumulate” and price target of $57.00. On October 14, 2014 Guggenheim Securities initiated coverage with a rating of “Buy” and a price target of $70.00.
On September 17 analysts at KeyBanc began coverage of the stock giving it an initial rating of “Buy” and setting a price target of $80.00.