Sensient Technologies Corporation (NYSE:SXT) – Equities research analysts at KeyCorp increased their FY2017 EPS estimates for Sensient Technologies Corporation in a research report issued on Monday. KeyCorp analyst M. Sison now expects that the specialty chemicals company will earn $3.42 per share for the year, up from their prior estimate of $3.40. KeyCorp currently has a “Buy” rating and a $90.00 target price on the stock. KeyCorp also issued estimates for Sensient Technologies Corporation’s FY2018 earnings at $3.75 EPS.

Sensient Technologies Corporation (NYSE:SXT) last posted its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. The firm had revenue of $353.52 million for the quarter. Sensient Technologies Corporation had a net margin of 7.89% and a return on equity of 17.34%. During the same period in the prior year, the firm earned $0.83 earnings per share. TRADEMARK VIOLATION NOTICE: “FY2017 Earnings Estimate for Sensient Technologies Corporation Issued By KeyCorp (SXT)” was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/10/24/fy2017-earnings-estimate-for-sensient-technologies-corporation-issued-by-keycorp-sxt.html.

Several other equities analysts also recently weighed in on the company. Berenberg Bank initiated coverage on Sensient Technologies Corporation in a report on Friday, September 22nd. They set a “buy” rating and a $88.30 price target for the company. Zacks Investment Research upgraded Sensient Technologies Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Finally, BidaskClub downgraded Sensient Technologies Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd.

Sensient Technologies Corporation (NYSE:SXT) opened at 77.37 on Tuesday. The firm’s 50-day moving average is $76.52 and its 200-day moving average is $78.25. Sensient Technologies Corporation has a 12-month low of $68.51 and a 12-month high of $84.98. The stock has a market capitalization of $3.39 billion, a P/E ratio of 31.16 and a beta of 1.09.

Sensient Technologies Corporation announced that its board has approved a stock repurchase program on Thursday, October 19th that allows the company to repurchase 3,000,000 shares. This repurchase authorization allows the specialty chemicals company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 6th will be issued a dividend of $0.33 per share. The ex-dividend date is Friday, November 3rd. This is an increase from Sensient Technologies Corporation’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 1.71%. Sensient Technologies Corporation’s dividend payout ratio (DPR) is presently 49.59%.

Several large investors have recently modified their holdings of the company. World Asset Management Inc increased its holdings in shares of Sensient Technologies Corporation by 1.1% during the second quarter. World Asset Management Inc now owns 2,769 shares of the specialty chemicals company’s stock valued at $223,000 after acquiring an additional 30 shares in the last quarter. 1st Global Advisors Inc. increased its holdings in shares of Sensient Technologies Corporation by 1.1% during the second quarter. 1st Global Advisors Inc. now owns 5,582 shares of the specialty chemicals company’s stock valued at $450,000 after acquiring an additional 60 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Sensient Technologies Corporation by 1.1% during the second quarter. M&T Bank Corp now owns 5,725 shares of the specialty chemicals company’s stock valued at $462,000 after acquiring an additional 63 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Sensient Technologies Corporation by 1.2% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,740 shares of the specialty chemicals company’s stock valued at $550,000 after acquiring an additional 95 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Sensient Technologies Corporation by 4.4% during the second quarter. Public Employees Retirement System of Ohio now owns 2,825 shares of the specialty chemicals company’s stock valued at $227,000 after acquiring an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

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.

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

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