Sensient Technologies Corp. (SXT) Releases Quarterly Earnings, Beats Estimates By $0.05 EPS
Sensient Technologies Corp. (NYSE:SXT) released its earnings data on Tuesday. The company reported $0.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.05, Stock Ratings News reports. The company had revenue of $368.10 million for the quarter, compared to the consensus estimate of $361.60 million. During the same quarter last year, the company posted $0.62 earnings per share. Sensient Technologies Corp.’s revenue was up .7% compared to the same quarter last year.
Shares of Sensient Technologies Corp. (NYSE:SXT) opened at 53.70 on Tuesday. Sensient Technologies Corp. has a one year low of $35.59 and a one year high of $57.35. The stock’s 50-day moving average is $54.43 and its 200-day moving average is $50.87. The company has a market cap of $2.695 billion and a P/E ratio of 23.42.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 2nd. Shareholders of record on Friday, May 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Wednesday, May 7th. This is a positive change from Sensient Technologies Corp.’s previous quarterly dividend of $0.23.
On a related note, analysts at KeyCorp raised their price target on shares of Sensient Technologies Corp. from $56.00 to $63.00 in a research note on Wednesday, March 5th.
Sensient Technologies Corporation is a global manufacturer and marketer of colors, flavors and fragrances.
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