Brokerages expect Sensient Technologies Corporation (NYSE:SXT) to report earnings of $0.86 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Sensient Technologies Corporation’s earnings. Sensient Technologies Corporation reported earnings per share of $0.83 during the same quarter last year, which would indicate a positive year over year growth rate of 3.6%. The firm is expected to issue its next earnings results on Thursday, October 19th.

On average, analysts expect that Sensient Technologies Corporation will report full year earnings of $3.43 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.45. For the next fiscal year, analysts anticipate that the business will report earnings of $3.70 per share, with EPS estimates ranging from $3.60 to $3.80. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Sensient Technologies Corporation.

Sensient Technologies Corporation (NYSE:SXT) last issued its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. Sensient Technologies Corporation had a return on equity of 17.15% and a net margin of 8.16%. The firm had revenue of $338.48 million during the quarter.

SXT has been the topic of several research analyst reports. Zacks Investment Research upgraded Sensient Technologies Corporation from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Friday, June 23rd. BidaskClub downgraded Sensient Technologies Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd.

Shares of Sensient Technologies Corporation (SXT) traded up 0.46% on Tuesday, reaching $74.08. The company had a trading volume of 151,962 shares. The stock has a 50-day moving average price of $78.25 and a 200-day moving average price of $79.53. The stock has a market cap of $3.25 billion, a PE ratio of 29.83 and a beta of 1.07. Sensient Technologies Corporation has a 12 month low of $68.51 and a 12 month high of $84.98.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 4th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $1.20 annualized dividend and a yield of 1.62%. Sensient Technologies Corporation’s payout ratio is 48.39%.

In other news, Director Joseph Carleone acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were acquired at an average price of $75.32 per share, for a total transaction of $75,320.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.95% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. increased its position in Sensient Technologies Corporation by 6.3% in the first quarter. Prudential Financial Inc. now owns 31,227 shares of the specialty chemicals company’s stock valued at $2,475,000 after buying an additional 1,840 shares during the last quarter. Wellington Management Group LLP increased its position in Sensient Technologies Corporation by 0.4% in the first quarter. Wellington Management Group LLP now owns 1,358,032 shares of the specialty chemicals company’s stock valued at $107,637,000 after buying an additional 5,490 shares during the last quarter. Principal Financial Group Inc. increased its position in Sensient Technologies Corporation by 2.3% in the first quarter. Principal Financial Group Inc. now owns 180,156 shares of the specialty chemicals company’s stock valued at $14,279,000 after buying an additional 3,997 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Sensient Technologies Corporation by 8.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 279,491 shares of the specialty chemicals company’s stock valued at $22,153,000 after buying an additional 22,744 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Sensient Technologies Corporation by 14.6% in the first quarter. Legal & General Group Plc now owns 42,448 shares of the specialty chemicals company’s stock valued at $3,364,000 after buying an additional 5,408 shares during the last quarter. Institutional investors and hedge funds own 88.47% of the company’s stock.

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About Sensient Technologies Corporation

Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.

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Earnings History and Estimates for Sensient Technologies Corporation (NYSE:SXT)

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