Brokerages Expect Sensient Technologies Corporation (SXT) to Announce $0.86 Earnings Per Share
Brokerages expect Sensient Technologies Corporation (NYSE:SXT) to post earnings per share of $0.86 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Sensient Technologies Corporation’s earnings. Sensient Technologies Corporation reported earnings of $0.83 per share during the same quarter last year, which indicates a positive year over year growth rate of 3.6%. The company 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 financial year, with EPS estimates ranging from $3.40 to $3.45. For the next year, analysts forecast that the business will post earnings of $3.70 per share, with EPS estimates ranging from $3.60 to $3.80. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for 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 (EPS) 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 firm had revenue of $338.48 million for the quarter.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Sensient Technologies Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. BidaskClub lowered shares of Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, KeyCorp restated a “buy” rating and issued a $90.00 target price on shares of Sensient Technologies Corporation in a report on Thursday, August 24th.
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In other news, Director Joseph Carleone bought 1,000 shares of the stock in a transaction dated Monday, July 24th. The stock was purchased at an average price of $75.32 per share, for a total transaction of $75,320.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.95% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in SXT. BlackRock Inc. lifted its holdings in shares of Sensient Technologies Corporation by 22,190.3% in the 1st quarter. BlackRock Inc. now owns 4,553,467 shares of the specialty chemicals company’s stock worth $360,908,000 after acquiring an additional 4,533,039 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Sensient Technologies Corporation by 732.3% in the 2nd quarter. Janus Henderson Group PLC now owns 3,126,256 shares of the specialty chemicals company’s stock worth $251,757,000 after acquiring an additional 2,750,649 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Sensient Technologies Corporation by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 4,145,433 shares of the specialty chemicals company’s stock worth $328,567,000 after acquiring an additional 256,125 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in shares of Sensient Technologies Corporation in the 1st quarter worth about $17,712,000. Finally, Eagle Asset Management Inc. lifted its holdings in shares of Sensient Technologies Corporation by 58.8% in the 2nd quarter. Eagle Asset Management Inc. now owns 537,892 shares of the specialty chemicals company’s stock worth $43,316,000 after acquiring an additional 199,123 shares during the last quarter. Hedge funds and other institutional investors own 89.59% of the company’s stock.
Sensient Technologies Corporation (NYSE:SXT) traded up 1.23% during trading on Thursday, hitting $75.19. 103,891 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $73.48 and a 200 day moving average price of $78.76. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 30.28 and a beta of 1.08. Sensient Technologies Corporation has a 52-week low of $68.51 and a 52-week high of $84.98.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 4th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $1.20 annualized dividend and a dividend yield of 1.62%. Sensient Technologies Corporation’s dividend payout ratio (DPR) is presently 48.39%.
Sensient Technologies Corporation Company Profile
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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