Sensient Technologies Co. (NYSE:SXT) – Gabelli reduced their FY2020 earnings per share (EPS) estimates for shares of Sensient Technologies in a note issued to investors on Monday. Gabelli analyst S. Donnelly now anticipates that the specialty chemicals company will post earnings of $4.40 per share for the year, down from their previous forecast of $4.45. Gabelli currently has a “Buy” rating and a $94.00 target price on the stock. Gabelli also issued estimates for Sensient Technologies’ FY2021 earnings at $4.75 EPS and FY2022 earnings at $5.10 EPS.
Sensient Technologies (NYSE:SXT) last announced its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. The business had revenue of $328.87 million for the quarter. Sensient Technologies had a net margin of 6.58% and a return on equity of 17.37%.
Shares of Sensient Technologies (NYSE SXT) traded down $0.20 during trading hours on Tuesday, reaching $69.32. 336,222 shares of the company were exchanged, compared to its average volume of 380,415. The company has a market capitalization of $2,960.27, a PE ratio of 34.11, a price-to-earnings-growth ratio of 2.10 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.39 and a quick ratio of 1.25. Sensient Technologies has a fifty-two week low of $65.60 and a fifty-two week high of $84.98.
Sensient Technologies announced that its Board of Directors has authorized a share repurchase plan on Thursday, October 19th that authorizes the company to repurchase 3,000,000 outstanding shares. This repurchase authorization authorizes the specialty chemicals company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, February 6th will be given a $0.33 dividend. The ex-dividend date is Monday, February 5th. This represents a $1.32 dividend on an annualized basis and a yield of 1.90%. Sensient Technologies’s dividend payout ratio is currently 65.02%.
In other Sensient Technologies news, Director Essie Whitelaw sold 667 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.95% of the company’s stock.
A number of institutional investors have recently modified their holdings of SXT. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Sensient Technologies by 44.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,556 shares of the specialty chemicals company’s stock valued at $187,000 after buying an additional 782 shares in the last quarter. Jane Street Group LLC acquired a new stake in Sensient Technologies in the third quarter valued at approximately $221,000. Public Employees Retirement System of Ohio boosted its position in Sensient Technologies by 4.4% in 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 buying an additional 119 shares in the last quarter. FDx Advisors Inc. acquired a new stake in Sensient Technologies in the third quarter valued at approximately $231,000. Finally, Oakbrook Investments LLC acquired a new stake in Sensient Technologies in the fourth quarter valued at approximately $234,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.
About Sensient Technologies
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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