Sensient Technologies Co. (SXT) Expected to Post Earnings of $0.79 Per Share

Equities research analysts forecast that Sensient Technologies Co. (NYSE:SXT) will announce earnings per share (EPS) of $0.79 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Sensient Technologies’ earnings. Sensient Technologies posted earnings of $0.84 per share in the same quarter last year, which would suggest a negative year over year growth rate of 6%. The firm is expected to report its next earnings report on Thursday, February 14th.

According to Zacks, analysts expect that Sensient Technologies will report full-year earnings of $3.55 per share for the current year. For the next financial year, analysts forecast that the firm will report earnings of $3.80 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Sensient Technologies.

Sensient Technologies (NYSE:SXT) last issued its earnings results on Friday, October 19th. The specialty chemicals company reported $0.95 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.95. The business had revenue of $342.73 million during the quarter. Sensient Technologies had a return on equity of 18.43% and a net margin of 9.92%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the company posted $0.89 earnings per share.

A number of equities research analysts recently weighed in on SXT shares. Zacks Investment Research upgraded Sensient Technologies from a “sell” rating to a “hold” rating in a report on Saturday, August 25th. ValuEngine upgraded Sensient Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. TheStreet upgraded Sensient Technologies from a “c+” rating to a “b” rating in a report on Tuesday, September 18th. KeyCorp lowered their price target on Sensient Technologies from $80.00 to $73.00 and set an “overweight” rating on the stock in a report on Monday, October 22nd. Finally, Berenberg Bank set a $82.00 price target on Sensient Technologies and gave the stock a “buy” rating in a report on Monday, October 22nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $81.75.

Shares of SXT stock opened at $60.01 on Friday. The company has a market cap of $2.60 billion, a PE ratio of 17.55 and a beta of 0.91. The company has a quick ratio of 1.80, a current ratio of 4.30 and a debt-to-equity ratio of 0.88. Sensient Technologies has a 12-month low of $59.80 and a 12-month high of $78.40.

The company also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, November 5th were issued a $0.36 dividend. The ex-dividend date was Friday, November 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.40%. This is a boost from Sensient Technologies’s previous quarterly dividend of $0.33. Sensient Technologies’s dividend payout ratio is currently 42.11%.

In other news, Director Gebhardt Deborah Mckeithan purchased 2,000 shares of the stock in a transaction that occurred on Monday, October 22nd. The shares were acquired at an average price of $64.02 per share, for a total transaction of $128,040.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.94% of the company’s stock.

Large investors have recently made changes to their positions in the business. Advisors Asset Management Inc. grew its holdings in Sensient Technologies by 1,383.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 45,750 shares of the specialty chemicals company’s stock valued at $204,000 after buying an additional 42,666 shares during the last quarter. Handelsinvest Investeringsforvaltning grew its holdings in Sensient Technologies by 4.2% during the 3rd quarter. Handelsinvest Investeringsforvaltning now owns 125,000 shares of the specialty chemicals company’s stock valued at $9,564,000 after buying an additional 5,000 shares during the last quarter. Standard Life Aberdeen plc grew its holdings in Sensient Technologies by 0.9% during the 2nd quarter. Standard Life Aberdeen plc now owns 985,706 shares of the specialty chemicals company’s stock valued at $70,532,000 after buying an additional 8,946 shares during the last quarter. Gryphon Financial Partners LLC acquired a new stake in Sensient Technologies during the 3rd quarter valued at $302,000. Finally, American International Group Inc. grew its holdings in Sensient Technologies by 1.1% during the 3rd quarter. American International Group Inc. now owns 113,406 shares of the specialty chemicals company’s stock valued at $8,677,000 after buying an additional 1,261 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

About Sensient Technologies

Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.

See Also: What is the quiet period?

Get a free copy of the Zacks research report on Sensient Technologies (SXT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Sensient Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sensient Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply