Revenue Update on Stepan Company(NYSE:SCL)

Stepan Company(NYSE:SCL) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $420.636M. Analysts estimated a revenue of $432.800M. The revenues were -2.81% below the estimates. Earnings per share were $0.52. The reported EPS was below estimates by -24.64%. Analysts had estimated an EPS of $0.69.

Stepan Company (SCL) shares turned negative on Wednesdays trading session with the shares closing down -7.27 points or -9.21% at a volume of 1,70,289. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $76.1995. The peak price level was also seen at $76.1995 while the days lowest was $70.91. Finally the shares closed at $71.64. The 52-week high of the shares is $87 while the 52-week low is $43.61. According to the latest information available, the market cap of the company is $1,605 M.

Several Insider Transactions has been reported to the SEC. On Nov 21, 2016, Debra Stefaniak (VP, Business Transformation) sold 1,000 shares at $77.62 per share price.Also, On Nov 14, 2016, Gregory Servatius (VP of Human Resources) sold 4,832 shares at $75.28 per share price.On Nov 3, 2016, Arthur W Mergner (VP & General Manager) sold 2,438 shares at $69.81 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.

Add Comment