Standex International (SXI) Scheduled to Release Earnings on Thursday

Standex International (NYSE:SXI) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.67 per share for the quarter.

Standex International (NYSE:SXI) last released its quarterly earnings data on Friday, February 2nd. The industrial products company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.06. The business had revenue of $178.40 million for the quarter, compared to analyst estimates of $180.25 million. Standex International had a return on equity of 13.63% and a net margin of 18.80%. The company’s revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.74 EPS. On average, analysts expect Standex International to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Standex International Trading Up 0.7 %

SXI traded up $1.21 on Friday, reaching $172.81. 39,545 shares of the company’s stock were exchanged, compared to its average volume of 52,563. Standex International has a twelve month low of $117.72 and a twelve month high of $184.18. The company’s 50 day moving average is $173.37 and its 200-day moving average is $155.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.58 and a current ratio of 3.34. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 2.64 and a beta of 1.03.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.20 annualized dividend and a yield of 0.69%. Standex International’s dividend payout ratio is currently 10.33%.

Insider Activity

In related news, Director Barbara Joanne Edwards sold 1,661 shares of Standex International stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $152.19, for a total transaction of $252,787.59. Following the sale, the director now owns 4,811 shares of the company’s stock, valued at approximately $732,186.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Standex International news, Director Barbara Joanne Edwards sold 1,661 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $152.19, for a total transaction of $252,787.59. Following the completion of the sale, the director now owns 4,811 shares in the company, valued at approximately $732,186.09. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Alan J. Glass sold 1,619 shares of Standex International stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $152.92, for a total value of $247,577.48. Following the sale, the vice president now owns 19,224 shares in the company, valued at $2,939,734.08. 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. 2.28% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. DA Davidson boosted their price objective on Standex International from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $195.00.

Standex International Company Profile

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.