Wall Street analysts forecast that Standex International Co. (NYSE:SXI – Get Rating) will post $1.47 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Standex International’s earnings, with the highest EPS estimate coming in at $1.49 and the lowest estimate coming in at $1.45. Standex International reported earnings of $1.40 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 5%. The business is expected to announce its next earnings results on Monday, January 1st.
On average, analysts expect that Standex International will report full-year earnings of $5.81 per share for the current financial year, with EPS estimates ranging from $5.79 to $5.83. For the next financial year, analysts anticipate that the firm will report earnings of $6.73 per share, with EPS estimates ranging from $6.51 to $6.95. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Standex International.
Standex International (NYSE:SXI – Get Rating) last issued its earnings results on Thursday, May 5th. The industrial products company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.49 by $0.05. The company had revenue of $189.28 million during the quarter, compared to analyst estimates of $185.92 million. Standex International had a return on equity of 13.46% and a net margin of 8.54%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 EPS.
In other Standex International news, CFO Ademir Sarcevic sold 1,200 shares of Standex International stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $91.84, for a total transaction of $110,208.00. Following the sale, the chief financial officer now owns 14,048 shares of the company’s stock, valued at approximately $1,290,168.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.87% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of SXI. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Standex International by 122.3% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 390,781 shares of the industrial products company’s stock worth $43,243,000 after buying an additional 215,015 shares in the last quarter. Leeward Investments LLC MA bought a new stake in shares of Standex International in the 1st quarter worth $16,078,000. Norges Bank bought a new stake in shares of Standex International in the 4th quarter worth $13,791,000. Invesco Ltd. raised its stake in shares of Standex International by 192.3% in the 3rd quarter. Invesco Ltd. now owns 128,126 shares of the industrial products company’s stock worth $12,672,000 after buying an additional 84,291 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Standex International by 658.7% in the 3rd quarter. Millennium Management LLC now owns 81,151 shares of the industrial products company’s stock worth $8,027,000 after buying an additional 70,455 shares in the last quarter. 88.39% of the stock is currently owned by institutional investors.
Shares of SXI traded down $0.95 during mid-day trading on Friday, hitting $90.84. The stock had a trading volume of 37,909 shares, compared to its average volume of 46,422. The company has a market cap of $1.10 billion, a PE ratio of 17.81, a PEG ratio of 1.11 and a beta of 1.13. The company’s fifty day simple moving average is $100.00 and its two-hundred day simple moving average is $104.90. The company has a quick ratio of 2.16, a current ratio of 2.90 and a debt-to-equity ratio of 0.38. Standex International has a fifty-two week low of $86.30 and a fifty-two week high of $121.44.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Wednesday, May 11th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, May 10th. Standex International’s payout ratio is currently 20.39%.
Standex International announced that its Board of Directors has authorized a stock repurchase plan on Thursday, May 5th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the industrial products company to buy up to 8.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
About Standex International (Get Rating)
Standex International Corporation, together with subsidiaries, manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The company operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.
- Get a free copy of the StockNews.com research report on Standex International (SXI)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Standex International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standex International and related companies with MarketBeat.com's FREE daily email newsletter.