Sensient Technologies Corporation (NYSE:SXT) – Equities researchers at KeyCorp issued their Q1 2018 earnings per share estimates for Sensient Technologies in a report released on Tuesday. KeyCorp analyst M. Sison forecasts that the specialty chemicals company will post earnings per share of $0.93 for the quarter. KeyCorp has a “Buy” rating and a $90.00 price target on the stock. KeyCorp also issued estimates for Sensient Technologies’ Q2 2018 earnings at $0.93 EPS, Q3 2018 earnings at $0.98 EPS and Q4 2018 earnings at $0.92 EPS.
Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Thursday, October 19th. The specialty chemicals company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The business had revenue of $353.52 million for the quarter. Sensient Technologies had a return on equity of 17.34% and a net margin of 7.89%. During the same quarter in the prior year, the company earned $0.83 EPS.
A number of other research firms have also recently weighed in on SXT. Berenberg Bank initiated coverage on Sensient Technologies in a report on Friday, September 22nd. They issued a “buy” rating and a $88.30 price target on the stock. Zacks Investment Research upgraded Sensient Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Off Wall Street initiated coverage on Sensient Technologies in a report on Monday, December 18th. They issued a “sell” rating on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $89.15.
Shares of Sensient Technologies (NYSE:SXT) opened at $73.02 on Thursday. The firm has a market capitalization of $3,130.70, a P/E ratio of 30.17, a P/E/G ratio of 2.22 and a beta of 1.08. The company has a quick ratio of 1.42, a current ratio of 3.59 and a debt-to-equity ratio of 0.69. Sensient Technologies has a fifty-two week low of $71.06 and a fifty-two week high of $84.98.
Hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Sensient Technologies by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,774 shares of the specialty chemicals company’s stock valued at $143,000 after buying an additional 139 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Sensient Technologies by 4.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,825 shares of the specialty chemicals company’s stock valued at $227,000 after buying an additional 119 shares in the last quarter. Jane Street Group LLC purchased a new stake in Sensient Technologies in the 3rd quarter valued at approximately $221,000. FDx Advisors Inc. purchased a new stake in Sensient Technologies in the 3rd quarter valued at approximately $231,000. Finally, Vident Investment Advisory LLC purchased a new stake in Sensient Technologies in the 3rd quarter valued at approximately $247,000. 88.26% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Essie Whitelaw sold 1,520 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $75.00, for a total value of $114,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Fergus M. Clydesdale sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $76.00, for a total value of $152,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,187 shares of company stock worth $316,125. Insiders own 0.95% of the company’s stock.
Sensient Technologies announced that its board has initiated a share repurchase plan on Thursday, October 19th that authorizes the company to repurchase 3,000,000 outstanding shares. This repurchase authorization authorizes the specialty chemicals company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.
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Sensient Technologies Company Profile
Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.
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