Sensient Technologies (NYSE:SXT) issued an update on its FY 2020
Pre-Market earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.60-2.80 for the period, compared to the Thomson Reuters consensus estimate of $2.71.
Several brokerages have issued reports on SXT. TheStreet raised shares of Sensient Technologies from a c rating to a b- rating in a research note on Monday, September 14th. Stephens began coverage on shares of Sensient Technologies in a research note on Thursday, July 9th. They set an overweight rating and a $70.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $65.50.
Sensient Technologies stock opened at $63.38 on Friday. The company’s fifty day simple moving average is $58.31 and its 200-day simple moving average is $51.73. The company has a quick ratio of 1.64, a current ratio of 3.46 and a debt-to-equity ratio of 0.62. Sensient Technologies has a 12 month low of $38.24 and a 12 month high of $66.95. The stock has a market cap of $2.68 billion, a P/E ratio of 40.63 and a beta of 1.07.
Sensient Technologies (NYSE:SXT) last posted its quarterly earnings results on Friday, July 17th. The specialty chemicals company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.66 by $0.04. The business had revenue of $323.10 million for the quarter, compared to analysts’ expectations of $316.90 million. Sensient Technologies had a net margin of 5.06% and a return on equity of 13.58%. Sensient Technologies’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 EPS. On average, equities research analysts expect that Sensient Technologies will post 2.67 earnings per share for the current fiscal year.
About Sensient Technologies
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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