Zacks: Analysts Expect Sensient Technologies Corporation (SXT) Will Post Earnings of $0.84 Per Share

Equities analysts expect Sensient Technologies Corporation (NYSE:SXT) to announce earnings per share (EPS) of $0.84 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Sensient Technologies’ earnings. Sensient Technologies reported earnings per share of $0.80 in the same quarter last year, which would indicate a positive year-over-year growth rate of 5%. The company is expected to announce its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Sensient Technologies will report full-year earnings of $3.41 per share for the current year, with EPS estimates ranging from $3.40 to $3.42. For the next fiscal year, analysts expect that the company will post earnings of $3.78 per share, with EPS estimates ranging from $3.75 to $3.80. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Sensient Technologies.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. Sensient Technologies had a net margin of 7.89% and a return on equity of 17.34%. The firm had revenue of $353.52 million for the quarter. During the same period in the previous year, the firm posted $0.83 earnings per share.

A number of brokerages recently commented on SXT. Zacks Investment Research raised shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Berenberg Bank began coverage on shares of Sensient Technologies in a research report on Friday, September 22nd. They set a “buy” rating and a $88.30 price objective on the stock. Off Wall Street initiated coverage on shares of Sensient Technologies in a research report on Monday, December 18th. They set a “sell” rating on the stock. Finally, KeyCorp reiterated a “buy” rating and issued a $90.00 target price on shares of Sensient Technologies in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Sensient Technologies currently has a consensus rating of “Hold” and an average target price of $89.15.

In other Sensient Technologies news, Director Essie Whitelaw sold 667 shares of Sensient Technologies stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $75.15, for a total value of $50,125.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Fergus M. Clydesdale sold 2,000 shares of Sensient Technologies stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $76.00, for a total transaction of $152,000.00. The disclosure for this sale can be found here. Insiders sold 4,187 shares of company stock valued at $316,125 over the last quarter. Corporate insiders own 0.95% of the company’s stock.

Several institutional investors have recently modified their holdings of SXT. Janus Henderson Group PLC lifted its stake in shares of Sensient Technologies by 732.3% in the second quarter. Janus Henderson Group PLC now owns 3,126,256 shares of the specialty chemicals company’s stock worth $251,757,000 after buying an additional 2,750,649 shares during the last quarter. Atlanta Capital Management Co. L L C acquired a new stake in shares of Sensient Technologies in the third quarter worth $21,336,000. Wells Fargo & Company MN lifted its stake in shares of Sensient Technologies by 18.4% in the third quarter. Wells Fargo & Company MN now owns 546,199 shares of the specialty chemicals company’s stock worth $42,014,000 after buying an additional 84,767 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Sensient Technologies by 153.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 125,294 shares of the specialty chemicals company’s stock worth $10,090,000 after buying an additional 75,874 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in shares of Sensient Technologies by 1.6% in the third quarter. Neuberger Berman Group LLC now owns 3,986,590 shares of the specialty chemicals company’s stock worth $306,648,000 after buying an additional 63,383 shares during the last quarter. Institutional investors and hedge funds own 88.26% of the company’s stock.

Sensient Technologies (SXT) opened at $73.72 on Friday. Sensient Technologies has a 1 year low of $71.06 and a 1 year high of $84.98. The company has a market cap of $3,174.61, a P/E ratio of 30.46, a P/E/G ratio of 2.25 and a beta of 1.08. The company has a current ratio of 3.59, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69.

Sensient Technologies announced that its board has initiated a share buyback plan 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 plans are usually a sign that the company’s leadership believes its shares are undervalued.

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

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