Sensient Technologies Corporation (NYSE:SXT) – Analysts at Gabelli decreased their FY2017 earnings per share estimates for shares of Sensient Technologies Corporation in a report issued on Monday. Gabelli analyst S. Donnelly now expects that the specialty chemicals company will post earnings of $3.40 per share for the year, down from their prior forecast of $3.45.

A number of other analysts also recently commented on the company. Zacks Investment Research upgraded Sensient Technologies Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Berenberg Bank began coverage on Sensient Technologies Corporation in a report on Friday, September 22nd. They set a “buy” rating and a $88.30 price objective for the company. KeyCorp restated a “buy” rating and set a $90.00 price objective on shares of Sensient Technologies Corporation in a report on Thursday, August 24th. Finally, BidaskClub downgraded Sensient Technologies Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd.

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Shares of Sensient Technologies Corporation (SXT) opened at 77.37 on Tuesday. Sensient Technologies Corporation has a 1-year low of $68.51 and a 1-year high of $84.98. The firm has a market cap of $3.39 billion, a PE ratio of 31.16 and a beta of 1.09. The firm’s 50-day moving average price is $76.52 and its 200 day moving average price is $78.25.

Sensient Technologies Corporation (NYSE:SXT) last posted its earnings results on Thursday, October 19th. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.01. The company had revenue of $353.52 million during the quarter. Sensient Technologies Corporation had a return on equity of 17.34% and a net margin of 7.89%. During the same period last year, the business earned $0.83 EPS.

Several hedge funds have recently added to or reduced their stakes in SXT. UBS Asset Management Americas Inc. increased its holdings in shares of Sensient Technologies Corporation by 1.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 23,619 shares of the specialty chemicals company’s stock worth $1,872,000 after buying an additional 305 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Sensient Technologies Corporation by 6.3% during the 1st quarter. Prudential Financial Inc. now owns 31,227 shares of the specialty chemicals company’s stock worth $2,475,000 after buying an additional 1,840 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in shares of Sensient Technologies Corporation by 38.1% during the 1st quarter. OppenheimerFunds Inc. now owns 5,060 shares of the specialty chemicals company’s stock worth $401,000 after buying an additional 1,397 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Sensient Technologies Corporation by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 180,156 shares of the specialty chemicals company’s stock worth $14,279,000 after buying an additional 3,997 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in shares of Sensient Technologies Corporation by 2.7% during the 1st quarter. Teachers Advisors LLC now owns 75,192 shares of the specialty chemicals company’s stock worth $5,960,000 after buying an additional 1,981 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Sensient Technologies Corporation announced that its Board of Directors has initiated a stock repurchase plan on Thursday, October 19th that authorizes the company to repurchase 3,000,000 shares. This repurchase authorization authorizes the specialty chemicals company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

The company also recently disclosed 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.71%. This is an increase from Sensient Technologies Corporation’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, November 3rd. Sensient Technologies Corporation’s dividend payout ratio is presently 49.59%.

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.

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

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