Standex Int’l Corp. (NYSE:SXI) – Stock analysts at William Blair raised their Q3 2020 earnings per share (EPS) estimates for Standex Int’l in a research note issued on Wednesday, November 6th. William Blair analyst N. Heymann now expects that the industrial products company will earn $1.27 per share for the quarter, up from their prior forecast of $1.12. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for Standex Int’l’s Q4 2020 earnings at $1.38 EPS and FY2021 earnings at $5.40 EPS.
Several other research firms have also commented on SXI. Zacks Investment Research upgraded shares of Standex Int’l from a “strong sell” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Saturday, November 2nd. ValuEngine raised shares of Standex Int’l from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, TheStreet raised shares of Standex Int’l from a “c+” rating to a “b-” rating in a research report on Monday, September 23rd.
Shares of Standex Int’l stock traded up $0.40 during mid-day trading on Friday, hitting $80.12. 64,427 shares of the stock were exchanged, compared to its average volume of 73,293. The stock has a market capitalization of $984.25 million, a price-to-earnings ratio of 19.88 and a beta of 1.40. Standex Int’l has a twelve month low of $59.28 and a twelve month high of $83.18. The company has a current ratio of 2.36, a quick ratio of 1.73 and a debt-to-equity ratio of 0.43. The company has a 50-day simple moving average of $73.36 and a 200 day simple moving average of $70.17.
Standex Int’l (NYSE:SXI) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.03. Standex Int’l had a net margin of 8.11% and a return on equity of 10.13%. The firm had revenue of $196.44 million for the quarter, compared to analysts’ expectations of $196.56 million. During the same period in the prior year, the company earned $1.21 EPS. The firm’s revenue was up 1.7% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.10%. This is an increase from Standex Int’l’s previous quarterly dividend of $0.20. Standex Int’l’s dividend payout ratio (DPR) is presently 19.85%.
Several hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its holdings in Standex Int’l by 122.2% in the third quarter. State of Alaska Department of Revenue now owns 9,571 shares of the industrial products company’s stock worth $698,000 after purchasing an additional 5,264 shares during the period. Advisor Group Inc. boosted its holdings in shares of Standex Int’l by 136.3% during the second quarter. Advisor Group Inc. now owns 2,115 shares of the industrial products company’s stock valued at $156,000 after acquiring an additional 1,220 shares during the period. Huntington National Bank boosted its holdings in shares of Standex Int’l by 36.9% during the second quarter. Huntington National Bank now owns 657 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 177 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Standex Int’l by 12.5% during the third quarter. Nisa Investment Advisors LLC now owns 4,500 shares of the industrial products company’s stock valued at $328,000 after acquiring an additional 500 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Standex Int’l by 1.3% during the second quarter. Swiss National Bank now owns 23,600 shares of the industrial products company’s stock valued at $1,726,000 after acquiring an additional 300 shares during the period. 89.12% of the stock is owned by institutional investors and hedge funds.
About Standex Int’l
Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.
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