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.

SXT has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Sensient Technologies from a “buy” rating to a “sell” rating in a research report on Thursday, May 3rd. TheStreet lowered shares of Sensient Technologies from a “b” rating to a “c+” rating in a research note on Wednesday, July 25th. Finally, ValuEngine upgraded shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $87.58.

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.

Featured Story: Marijuana Stocks Investing Considerations

Get a free copy of the Zacks research report on Sensient Technologies (SXT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Sensient Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sensient Technologies and related companies with MarketBeat.com's FREE daily email newsletter.