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.
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