Earnings from Stepan and Silgan Holdings

We got our first two Buy List earnings reports this morning for the Q3 earning season.

First up is Stepan (SCL). The company earned $1.56 per share for Q3 which beat Wall Street’s consensus of $1.40 per share. The company also raised its dividend by 10.9% making it the 53rd annual dividend increase in a row. The quarterly dividend will rise from 27.5 cents to 30.5 cents per share. That makes the yield a little over 1%. The shares are about flat on the day.

Next up is Silgan (SLGN). For Q3, Silgan made $1.04 per share. That’s up 37% over last year’s Q3. Wall Street had been expecting 95 cents per share.

Silgan raised its full-year guidance range to $2.92 to $2.97 per share. The previous range was $2.70 to $2.85 per share. Last year, Silgan made $2.16 per share.

For Q4, Silgan now expects earnings of 47 to 52 cents per share. They made 38 cents per share for last year’s Q4.

CEO Tony Allott said, “While we are still completing our annual budget process for 2021, at this time we anticipate overall operating earnings for the Company remaining at these strong levels.”

Globe Life (GL) reports after the close.

Posted by on October 21st, 2020 at 9:13 am


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