Sensient Technologies (NYSE:SXT) Releases Earnings Results, Hits Expectations

Sensient Technologies (NYSE:SXT) posted its quarterly earnings results on Friday. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.62, reports. Sensient Technologies had a net margin of 9.92% and a return on equity of 14.98%. The company had revenue of $318.60 million during the quarter, compared to the consensus estimate of $307.51 million. During the same period last year, the firm earned $0.79 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Sensient Technologies updated its FY 2020
Pre-Market guidance to 2.60-2.80 EPS and its FY20 guidance to $2.60-2.80 EPS.

Shares of Sensient Technologies stock traded down $5.49 during trading on Friday, hitting $55.74. 785,856 shares of the company were exchanged, compared to its average volume of 236,837. The company has a quick ratio of 1.68, a current ratio of 4.12 and a debt-to-equity ratio of 0.69. Sensient Technologies has a fifty-two week low of $55.11 and a fifty-two week high of $75.21. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 17.87 and a beta of 1.00. The firm has a 50 day moving average price of $63.07 and a 200 day moving average price of $64.56.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 4th will be given a dividend of $0.39 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.56 annualized dividend and a dividend yield of 2.80%. Sensient Technologies’s dividend payout ratio is currently 43.94%.

SXT has been the subject of several research reports. ValuEngine upgraded Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Seaport Global Securities downgraded Sensient Technologies from a “buy” rating to a “neutral” rating in a research report on Monday, October 21st. Zacks Investment Research upgraded Sensient Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Finally, TheStreet downgraded Sensient Technologies from a “b-” rating to a “c+” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating, Sensient Technologies presently has a consensus rating of “Hold” and a consensus target price of $80.00.

Sensient Technologies Company Profile

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and fragrances in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group.

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Earnings History for Sensient Technologies (NYSE:SXT)

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