Sensient Technologies Corporation (SXT) Set to Announce Quarterly Earnings on Thursday
Sensient Technologies Corporation (NYSE:SXT) is scheduled to announce its earnings results after the market closes on Thursday, October 19th. Analysts expect the company to announce earnings of $0.88 per share for the quarter.
Sensient Technologies Corporation (NYSE:SXT) last posted its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $0.87 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.87. The business had revenue of $338.48 million for the quarter. Sensient Technologies Corporation had a net margin of 8.16% and a return on equity of 17.15%. On average, analysts expect Sensient Technologies Corporation to post $3.42 EPS for the current fiscal year and $3.78 EPS for the next fiscal year.
Sensient Technologies Corporation (NYSE:SXT) opened at 79.11 on Thursday. The firm has a 50-day moving average of $75.09 and a 200 day moving average of $78.30. Sensient Technologies Corporation has a 52-week low of $68.51 and a 52-week high of $84.98. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 31.86 and a beta of 1.09.
In other Sensient Technologies Corporation news, Director Joseph Carleone purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was acquired at an average cost of $75.32 per share, with a total value of $75,320.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.95% of the company’s stock.
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SXT has been the subject of a number of recent research reports. KeyCorp reissued a “buy” rating and set a $90.00 price target on shares of Sensient Technologies Corporation in a research note on Thursday, August 24th. Zacks Investment Research raised shares of Sensient Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub downgraded shares of Sensient Technologies Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Finally, Berenberg Bank initiated coverage on shares of Sensient Technologies Corporation in a research note on Friday, September 22nd. They set a “buy” rating and a $88.30 price target for the company.
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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