Standex International Co. (NYSE:SXI) Forecasted to Post FY2024 Earnings of $7.00 Per Share

Standex International Co. (NYSE:SXI) – Analysts at William Blair dropped their FY2024 earnings estimates for Standex International in a report released on Monday, May 6th. William Blair analyst R. Sparenblek now anticipates that the industrial products company will earn $7.00 per share for the year, down from their prior forecast of $7.55. The consensus estimate for Standex International’s current full-year earnings is $7.23 per share. William Blair also issued estimates for Standex International’s Q1 2025 earnings at $1.73 EPS, Q2 2025 earnings at $1.99 EPS, Q4 2025 earnings at $2.09 EPS and FY2026 earnings at $9.15 EPS.

Several other equities research analysts have also recently issued reports on SXI. DA Davidson lifted their target price on shares of Standex International from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Benchmark reissued a “buy” rating and issued a $190.00 target price on shares of Standex International in a research note on Friday. Barrington Research restated an “outperform” rating and issued a $180.00 price target on shares of Standex International in a research report on Monday. Finally, StockNews.com lowered Standex International from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $190.00.

Standex International Trading Down 3.6 %

SXI stock opened at $168.67 on Tuesday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 2.69 and a beta of 1.06. The business’s 50-day moving average is $174.66 and its 200 day moving average is $156.66. Standex International has a 12-month low of $128.27 and a 12-month high of $184.18. The company has a current ratio of 3.43, a quick ratio of 2.65 and a debt-to-equity ratio of 0.24.

Standex International (NYSE:SXI) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.08. Standex International had a return on equity of 13.72% and a net margin of 10.11%. The firm had revenue of $177.30 million for the quarter, compared to analyst estimates of $180.06 million. During the same quarter last year, the firm posted $1.65 EPS. The business’s revenue was down 3.8% on a year-over-year basis.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, May 9th. Standex International’s dividend payout ratio is presently 19.42%.

Insider Buying and Selling

In other Standex International news, CEO David A. Dunbar sold 5,000 shares of Standex International stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $165.00, for a total value of $825,000.00. Following the sale, the chief executive officer now owns 62,233 shares in the company, valued at $10,268,445. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO David A. Dunbar sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $165.00, for a total transaction of $825,000.00. Following the completion of the transaction, the chief executive officer now owns 62,233 shares of the company’s stock, valued at approximately $10,268,445. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David A. Dunbar sold 4,901 shares of Standex International stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total value of $882,180.00. Following the completion of the sale, the chief executive officer now directly owns 57,332 shares of the company’s stock, valued at $10,319,760. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,084 shares of company stock worth $2,980,448. Company insiders own 2.63% of the company’s stock.

Institutional Investors Weigh In On Standex International

Hedge funds have recently added to or reduced their stakes in the business. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Standex International in the fourth quarter valued at $26,000. Principal Securities Inc. purchased a new stake in Standex International in the fourth quarter valued at $26,000. Pacer Advisors Inc. acquired a new position in Standex International in the fourth quarter valued at $28,000. GAMMA Investing LLC increased its position in shares of Standex International by 322.2% during the first quarter. GAMMA Investing LLC now owns 190 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 145 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Standex International by 341.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 322 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 249 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

About Standex International

Standex International Corporation, together with subsidiaries, manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.