Sensient Technologies (NYSE:SXT) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Sensient Technologies (NYSE:SXTGet Free Report) posted its earnings results on Friday. The specialty chemicals company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04), Briefing.com reports. Sensient Technologies had a net margin of 6.41% and a return on equity of 11.52%. The firm had revenue of $349.30 million during the quarter, compared to the consensus estimate of $371.10 million. During the same period in the prior year, the company posted $0.64 EPS. The firm’s revenue was up .2% compared to the same quarter last year.

Sensient Technologies Stock Performance

NYSE SXT opened at $60.39 on Monday. The stock has a market capitalization of $2.55 billion, a PE ratio of 27.20 and a beta of 0.78. The business has a 50 day simple moving average of $63.19 and a two-hundred day simple moving average of $60.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.96 and a quick ratio of 1.43. Sensient Technologies has a 1-year low of $52.90 and a 1-year high of $79.19.

Sensient Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Tuesday, February 6th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Monday, February 5th. Sensient Technologies’s dividend payout ratio is presently 73.87%.

Analyst Ratings Changes

Separately, Robert W. Baird upgraded Sensient Technologies from a “neutral” rating to an “outperform” rating and set a $70.00 price target for the company in a research report on Tuesday, October 17th.

Read Our Latest Stock Report on SXT

Hedge Funds Weigh In On Sensient Technologies

Institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates lifted its stake in shares of Sensient Technologies by 42.3% in the 1st quarter. Raymond James & Associates now owns 3,305 shares of the specialty chemicals company’s stock valued at $277,000 after purchasing an additional 983 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Sensient Technologies by 1.6% during the 1st quarter. Citigroup Inc. now owns 58,156 shares of the specialty chemicals company’s stock worth $4,883,000 after acquiring an additional 933 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Sensient Technologies by 232.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,157 shares of the specialty chemicals company’s stock worth $517,000 after acquiring an additional 4,305 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Sensient Technologies by 5.7% during the 1st quarter. Bank of Montreal Can now owns 4,672 shares of the specialty chemicals company’s stock worth $403,000 after acquiring an additional 251 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in shares of Sensient Technologies by 2.0% during the 1st quarter. Panagora Asset Management Inc. now owns 6,516 shares of the specialty chemicals company’s stock worth $547,000 after acquiring an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

About Sensient Technologies

(Get Free Report)

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in the United States and internationally. It operates through three segments: Flavors & Extracts Group, Color Group, and Asia Pacific Group. The Flavors & Extracts Group segment offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.

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Earnings History for Sensient Technologies (NYSE:SXT)

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