Sensient Technologies Corporation (SXT) Expected to Announce Earnings of $0.84 Per Share
Wall Street brokerages expect that Sensient Technologies Corporation (NYSE:SXT) will post $0.84 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Sensient Technologies’ earnings. Sensient Technologies posted earnings of $0.80 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 5%. The firm is expected to issue its next earnings results on Thursday, February 8th.
On average, analysts expect that Sensient Technologies will report full year earnings of $3.41 per share for the current financial year, with EPS estimates ranging from $3.40 to $3.42. For the next financial year, analysts expect that the business will report earnings of $3.78 per share, with EPS estimates ranging from $3.75 to $3.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Sensient Technologies.
Sensient Technologies (NYSE:SXT) last released its earnings results on Thursday, October 19th. The specialty chemicals company reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. The firm had revenue of $353.52 million for the quarter. Sensient Technologies had a net margin of 7.89% and a return on equity of 17.34%. During the same quarter in the previous year, the firm earned $0.83 earnings per share.
Sensient Technologies (NYSE:SXT) traded down $0.53 on Friday, reaching $74.46. 341,600 shares of the company’s stock were exchanged, compared to its average volume of 161,834. The company has a current ratio of 3.59, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $3,260.26, a PE ratio of 22.19, a price-to-earnings-growth ratio of 2.56 and a beta of 1.08. Sensient Technologies has a 52-week low of $71.21 and a 52-week high of $84.98.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 6th were paid a dividend of $0.33 per share. This is a boost from Sensient Technologies’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, November 3rd. Sensient Technologies’s dividend payout ratio is presently 54.55%.
Sensient Technologies announced that its Board of Directors has approved a share buyback plan on Thursday, October 19th that allows the company to buyback 3,000,000 outstanding shares. This buyback authorization allows the specialty chemicals company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
In related news, Director Fergus M. Clydesdale sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $76.00, for a total transaction of $152,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Essie Whitelaw sold 1,520 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $75.00, for a total transaction of $114,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,187 shares of company stock worth $316,125 over the last 90 days. 0.95% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the stock. Neuberger Berman Group LLC lifted its stake in shares of Sensient Technologies by 1.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 3,986,590 shares of the specialty chemicals company’s stock valued at $306,648,000 after buying an additional 63,383 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Sensient Technologies by 732.3% during the 2nd quarter. Janus Henderson Group PLC now owns 3,126,256 shares of the specialty chemicals company’s stock valued at $251,757,000 after buying an additional 2,750,649 shares in the last quarter. State Street Corp lifted its stake in shares of Sensient Technologies by 4.2% during the 2nd quarter. State Street Corp now owns 1,488,505 shares of the specialty chemicals company’s stock valued at $119,869,000 after buying an additional 60,015 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Sensient Technologies by 1.8% during the 2nd quarter. Northern Trust Corp now owns 1,254,899 shares of the specialty chemicals company’s stock valued at $101,057,000 after buying an additional 21,930 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Sensient Technologies by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 959,579 shares of the specialty chemicals company’s stock valued at $73,811,000 after buying an additional 8,141 shares in the last quarter. Institutional investors own 88.26% of the company’s stock.
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Sensient Technologies Company Profile
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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