Sensient Technologies (NYSE:SXT – Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.800-2.900 for the period, compared to the consensus estimate of 2.980. The company issued revenue guidance of -.
Wall Street Analysts Forecast Growth
Separately, Robert W. Baird raised their target price on shares of Sensient Technologies from $70.00 to $80.00 and gave the company an outperform rating in a report on Monday.
Check Out Our Latest Analysis on SXT
Sensient Technologies Stock Performance
Sensient Technologies (NYSE:SXT – Get Free Report) last released its quarterly earnings data on Friday, February 9th. The specialty chemicals company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.04). Sensient Technologies had a net margin of 6.16% and a return on equity of 11.40%. The company had revenue of $349.30 million during the quarter, compared to analysts’ expectations of $371.10 million. During the same period last year, the business earned $0.64 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Equities analysts anticipate that Sensient Technologies will post 2.85 earnings per share for the current year.
Sensient Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 6th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Friday, May 3rd. Sensient Technologies’s dividend payout ratio (DPR) is 76.28%.
About Sensient Technologies
Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.
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