Earnings from Stepan Company [SCL] are scheduled on April 27, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.
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SCL Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $1.43 per share on revenue of $508.07M. Taking a look at the future, the company is projected to report revenue of $517.5M at an earnings per share of $1.8 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 4.40% in revenue and 9.35% in earnings per share for the company.
SCL Stock Earnings Forecast For The Current Year
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For the full financial year, Stepan Company [NYSE:SCL] is forecasted to generate revenue of $2.07B. The figure is about $200.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $6.42 in 2021, which is $0.74 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 13.00% this year, 9.30% next year, and 4.40% annually over the next five years. With regard to sales, forecasts suggest an incline of 10.90% in current fiscal year and 4.40% over following year.
SCL Stock Price Performance
At the close of Monday’s session, Stepan Company [NYSE:SCL] finished down -0.69% at $131.77. The stock’s highest single-day price was $134.07, and its lowest was $131.665. Its price rose 2.23% in the last five days. Since the beginning of the year, Stepan Company’s shares are up nearly 10.43%. However, the share price is -1.04% below its one year high. The top price reached by the shares of the company was $134.07 on 04/26/21, while the 52-week low came on 01/29/21, when the shares were $112.58. In the past year, shares of the company have risen 44.75%. At 50 days, the moving average achieved is $126.51 while at 200 days, the moving average is $118.57. There were 68759.0 shares traded in the last session, up from 2476.0 in the previous session.
Stepan Company [NYSE:SCL] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 24.17, Stepan Company [SCL] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 23.68 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 1.54 PS value ratio is reported for the last one year of reported earnings. This is below the average return 1.55 for the industry, which means SCL offers an attractive investment opportunity than its competitors do.
SCL Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 131.77 level, and the violation of this level will cause a further drop to 130.93 level. At the upper end, 135.74 remains a key resistance. As the stock increases, it may find resistance at 134.91. In the 14-day chart, the Relative Strength Index standing at 58.69 suggests a technical neutral stance while the MACD standing at 2.36 indicates price will increase in the next trading period. Stochastic %K at 73.79% suggests holding the stock while Percent R indicator at 26.38% suggests bullish price movement.
How much is the short interest in Stepan Company?
There have been a drop in short interest in the Stepan Company Financial stock, with short interest down by 34040.0 shares to 0.34 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 0.3 million shares. This 10.12% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 1.92% of the overall float in the stock, while the stock’s days to cover moved to 3.76.
How do analysts view Stepan Company?
In regard to the share price forecast for Stepan Company stock, the analysts, as surveyed by FactSet, forecast the price to reach $151.00 in the next twelve months, representing almost an 12.74% growth from its recent price of $131.77. Among Stepan Company stock projections, $151.00 is the highest analyst target for the stock, while $151.00 is the lowest. Despite this, 3 analysts who share their consensus rating for SCL in 2021 agree that the stock is an Overweight. The latest rating change took place on 1/11/21, when Seaport Global Ratings downgraded the stock from “Buy” to “Neutral.”