Wall Street brokerages expect that Sensient Technologies Co. (NYSE:SXT) will post earnings of $0.90 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Sensient Technologies’ earnings. Sensient Technologies reported earnings of $0.82 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.8%. The company is expected to announce its next earnings results on Tuesday, April 24th.
On average, analysts expect that Sensient Technologies will report full year earnings of $3.80 per share for the current fiscal year. For the next year, analysts expect that the company will post earnings of $4.13 per share, with EPS estimates ranging from $4.10 to $4.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that cover Sensient Technologies.
Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Thursday, February 8th. The specialty chemicals company reported $0.84 EPS for the quarter, hitting the consensus estimate of $0.84. Sensient Technologies had a net margin of 6.58% and a return on equity of 17.37%. The firm had revenue of $328.87 million for the quarter.
SXT has been the topic of several analyst reports. KeyCorp reissued a “buy” rating and set a $90.00 price target on shares of Sensient Technologies in a research report on Friday, November 3rd. Off Wall Street initiated coverage on shares of Sensient Technologies in a research report on Monday, December 18th. They set a “sell” rating on the stock. TheStreet cut shares of Sensient Technologies from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Finally, Gabelli raised shares of Sensient Technologies from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Monday, February 12th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $90.77.
Shares of Sensient Technologies (NYSE SXT) opened at $72.40 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.25 and a current ratio of 3.39. Sensient Technologies has a 52-week low of $65.60 and a 52-week high of $84.98. The company has a market cap of $3,137.22, a PE ratio of 35.67, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, February 6th will be given a dividend of $0.33 per share. The ex-dividend date is Monday, February 5th. This represents a $1.32 annualized dividend and a yield of 1.82%. Sensient Technologies’s dividend payout ratio (DPR) is presently 65.02%.
In other news, Director Gebhardt Deborah Mckeithan acquired 1,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were bought at an average cost of $72.10 per share, for a total transaction of $72,100.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Hank Brown sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $71.78, for a total transaction of $143,560.00. The disclosure for this sale can be found here. Insiders own 0.95% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in SXT. Elkfork Partners LLC acquired a new position in shares of Sensient Technologies during the 4th quarter worth about $129,000. Flinton Capital Management LLC acquired a new position in shares of Sensient Technologies during the 4th quarter worth about $164,000. Advisor Group Inc. increased its stake in shares of Sensient Technologies by 89.6% during the 4th quarter. Advisor Group Inc. now owns 2,326 shares of the specialty chemicals company’s stock worth $169,000 after purchasing an additional 1,099 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Sensient Technologies by 44.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,556 shares of the specialty chemicals company’s stock worth $187,000 after purchasing an additional 782 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of Sensient Technologies during the 4th quarter worth about $208,000. Institutional investors own 92.14% of the company’s stock.
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About Sensient Technologies
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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