Zacks: Brokerages Expect Sensient Technologies Corporation (NYSE:SXT) to Post $0.86 EPS
Analysts predict that Sensient Technologies Corporation (NYSE:SXT) will post earnings per share of $0.86 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Sensient Technologies Corporation’s earnings. Sensient Technologies Corporation reported earnings of $0.83 per share during the same quarter last year, which would suggest a positive year over year growth rate of 3.6%. The firm is scheduled to issue its next earnings results on Thursday, October 19th.
On average, analysts expect that Sensient Technologies Corporation will report full-year earnings of $3.43 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.45. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.70 per share, with EPS estimates ranging from $3.60 to $3.80. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Sensient Technologies Corporation.
Sensient Technologies Corporation (NYSE:SXT) last released its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $0.87 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.87. Sensient Technologies Corporation had a net margin of 8.16% and a return on equity of 17.15%. The business had revenue of $338.48 million during the quarter.
SXT has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Sensient Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. BidaskClub cut shares of Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.
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Sensient Technologies Corporation (SXT) traded up 0.56% on Tuesday, reaching $75.08. 180,789 shares of the company were exchanged. The firm has a 50-day moving average of $79.13 and a 200 day moving average of $79.68. The firm has a market capitalization of $3.31 billion, a P/E ratio of 30.24 and a beta of 1.07. Sensient Technologies Corporation has a 12-month low of $68.51 and a 12-month high of $84.98.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 4th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.60%. Sensient Technologies Corporation’s dividend payout ratio (DPR) is presently 48.39%.
In other news, Director Joseph Carleone acquired 1,000 shares of Sensient Technologies Corporation stock in a transaction dated Monday, July 24th. The stock was purchased at an average cost of $75.32 per share, with a total value of $75,320.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.95% of the company’s stock.
A number of institutional investors have recently bought and sold shares of SXT. Teachers Advisors LLC boosted its position in Sensient Technologies Corporation by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 73,211 shares of the specialty chemicals company’s stock valued at $5,753,000 after buying an additional 1,776 shares during the last quarter. Macquarie Group Ltd. boosted its position in Sensient Technologies Corporation by 40.9% in the fourth quarter. Macquarie Group Ltd. now owns 38,600 shares of the specialty chemicals company’s stock valued at $3,033,000 after buying an additional 11,200 shares during the last quarter. First National Bank of Omaha boosted its position in Sensient Technologies Corporation by 39.1% in the first quarter. First National Bank of Omaha now owns 18,289 shares of the specialty chemicals company’s stock valued at $1,450,000 after buying an additional 5,145 shares during the last quarter. Capstone Asset Management Co. boosted its position in Sensient Technologies Corporation by 2.0% in the first quarter. Capstone Asset Management Co. now owns 4,126 shares of the specialty chemicals company’s stock valued at $327,000 after buying an additional 80 shares during the last quarter. Finally, Horan Securities Inc. bought a new position in Sensient Technologies Corporation during the first quarter valued at $124,000. 88.47% of the stock is owned by institutional investors.
About Sensient Technologies Corporation
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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