Sensient Technologies Co. (SXT) Expected to Announce Earnings of $0.95 Per Share
Wall Street analysts expect Sensient Technologies Co. (NYSE:SXT) to report earnings per share of $0.95 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Sensient Technologies’ earnings. Sensient Technologies posted earnings of $0.89 per share in the same quarter last year, which would suggest a positive year over year growth rate of 6.7%. The business is scheduled to announce its next earnings report on Thursday, October 18th.
According to Zacks, analysts expect that Sensient Technologies will report full year earnings of $3.65 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the company will post earnings of $4.00 per share. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Sensient Technologies.
Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, July 20th. The specialty chemicals company reported $0.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.92. Sensient Technologies had a net margin of 8.77% and a return on equity of 18.11%. The company had revenue of $363.00 million during the quarter. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis.
Shares of NYSE SXT traded down $0.32 during trading on Friday, reaching $70.48. 2,344 shares of the stock were exchanged, compared to its average volume of 181,371. Sensient Technologies has a twelve month low of $65.56 and a twelve month high of $80.98. The company has a current ratio of 4.16, a quick ratio of 1.83 and a debt-to-equity ratio of 0.90. The stock has a market cap of $2.98 billion, a P/E ratio of 20.58 and a beta of 0.85.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Friday, August 3rd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, August 2nd. This represents a $1.32 annualized dividend and a yield of 1.87%. Sensient Technologies’s payout ratio is 38.60%.
A number of hedge funds have recently added to or reduced their stakes in the business. Horan Capital Advisors LLC. acquired a new position in shares of Sensient Technologies during the second quarter valued at $111,000. Bruderman Asset Management LLC acquired a new position in shares of Sensient Technologies in the 1st quarter valued at about $163,000. Tower Research Capital LLC TRC increased its holdings in shares of Sensient Technologies by 54.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,282 shares of the specialty chemicals company’s stock valued at $164,000 after purchasing an additional 808 shares during the period. Glen Harbor Capital Management LLC increased its holdings in shares of Sensient Technologies by 102.5% in the 1st quarter. Glen Harbor Capital Management LLC now owns 2,592 shares of the specialty chemicals company’s stock valued at $183,000 after purchasing an additional 1,312 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in shares of Sensient Technologies by 1,383.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 45,750 shares of the specialty chemicals company’s stock valued at $204,000 after purchasing an additional 42,666 shares during the period. Hedge funds and other institutional investors own 95.75% of the company’s stock.
Sensient Technologies Company Profile
Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.
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