Brokerages Expect Sensient Technologies Co. (SXT) to Announce $0.95 Earnings Per Share

Wall Street brokerages expect that Sensient Technologies Co. (NYSE:SXT) will post earnings of $0.95 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Sensient Technologies’ earnings. Sensient Technologies reported earnings per share of $0.89 in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.7%. The company is scheduled to issue its next quarterly earnings results on Thursday, October 18th.

According to Zacks, analysts expect that Sensient Technologies will report full-year earnings of $3.65 per share for the current fiscal year. For the next financial year, analysts anticipate that the company will report earnings of $4.00 per share. Zacks’ EPS calculations are an average based on a survey of research firms that cover Sensient Technologies.

Sensient Technologies (NYSE:SXT) last announced its earnings results on Friday, July 20th. The specialty chemicals company reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The business had revenue of $363.00 million during the quarter. Sensient Technologies had a net margin of 8.77% and a return on equity of 18.11%. Sensient Technologies’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 earnings per share.

A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, September 11th. ValuEngine upgraded shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Finally, TheStreet upgraded shares of Sensient Technologies from a “c+” rating to a “b-” rating in a research note on Tuesday, June 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $87.58.

Large investors have recently modified their holdings of the business. Horan Capital Advisors LLC. acquired a new stake in shares of Sensient Technologies in the 2nd quarter worth about $111,000. Tower Research Capital LLC TRC boosted its holdings in shares of Sensient Technologies by 54.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,282 shares of the specialty chemicals company’s stock worth $164,000 after buying an additional 808 shares during the period. Bruderman Asset Management LLC acquired a new position in shares of Sensient Technologies in the first quarter worth about $163,000. Glen Harbor Capital Management LLC boosted its holdings in shares of Sensient Technologies by 102.5% in the first quarter. Glen Harbor Capital Management LLC now owns 2,592 shares of the specialty chemicals company’s stock worth $183,000 after buying an additional 1,312 shares during the period. Finally, Signition LP acquired a new position in shares of Sensient Technologies in the first quarter worth about $226,000. 97.31% of the stock is currently owned by institutional investors.

Shares of SXT stock traded down $0.33 on Monday, hitting $74.81. The stock had a trading volume of 2,774 shares, compared to its average volume of 167,832. The company has a market capitalization of $3.11 billion, a PE ratio of 21.87 and a beta of 0.82. The company has a current ratio of 4.16, a quick ratio of 1.83 and a debt-to-equity ratio of 0.90. Sensient Technologies has a 52-week low of $65.56 and a 52-week high of $80.98.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Friday, August 3rd were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, August 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 1.76%. Sensient Technologies’s dividend payout ratio (DPR) is 38.60%.

Sensient Technologies Company Profile

Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.

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