Stepan Company (NYSE:SCL) is reporting second quarter earnings results on Wednesday 22nd July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.20 per share.
For the full year, analysts predict revenues of $ 1805.00 million, while looking forward to income of $ 4.53 per share.
Previous Quarter Performance
Stepan Company communicated income for the first quarter of $ 1.04 per share, from the revenue of $ 449.99 million. The quarterly earnings down 20.61 percent while revenues declined 8.01 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.78 per share from $ 448.70 million in revenue. The bottom line results beat street analysts by $ 0.26 or 33.33 percent, at the same time, top line results outshined analysts by $ 1.29 million or 0.29 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SCL was $ 101.36, representing a 46.20 % increase from the 52 week low of $ 69.33 and a 4.26 % decrease over the 52 week high of $ 105.87.
The company has a market capital of $ 2.28 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
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Recent Stock Dividend Announcement
On April 21, 2020, the board of directors authorized quarterly dividend of $ 0.275 per share to holders of record as of the close of business on May 29, 2020, with payment date of June 15, 2020 and ex-dividend date on May 28, 2020.
Conference Call
Stepan Company will be hosting a conference call at 10:00 AM eastern time on 22nd July 2020, to discuss its 2Q20 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.
