Brokerages Expect Sensient Technologies Corp. (SXT) to Announce $0.78 EPS
Sensient Technologies Corp. (NYSE:SXT) has earned an average broker rating score of 2.33 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a 1-year consensus target price of $76.67 for the company and are forecasting that the company will post $0.78 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Sensient Technologies Corp. an industry rank of 195 out of 265 based on the ratings given to its competitors.
Several research firms recently weighed in on SXT. Sidoti began coverage on Sensient Technologies Corp. in a report on Friday, September 2nd. They set a “neutral” rating on the stock. Zacks Investment Research lowered Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th.
Sensient Technologies Corp. (NYSE:SXT) traded up 0.81% during mid-day trading on Tuesday, reaching $78.54. 19,830 shares of the company traded hands. The company’s 50 day moving average price is $74.47 and its 200 day moving average price is $72.67. The firm has a market capitalization of $3.50 billion, a P/E ratio of 30.97 and a beta of 0.92. Sensient Technologies Corp. has a 12-month low of $52.69 and a 12-month high of $78.86.
Sensient Technologies Corp. (NYSE:SXT) last issued its quarterly earnings data on Thursday, October 20th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. Sensient Technologies Corp. had a return on equity of 16.28% and a net margin of 8.20%. During the same quarter in the previous year, the business posted $0.77 EPS. Equities research analysts predict that Sensient Technologies Corp. will post $3.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be paid a $0.30 dividend. This is a positive change from Sensient Technologies Corp.’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 1.53%. Sensient Technologies Corp.’s dividend payout ratio (DPR) is presently 47.24%.
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In other Sensient Technologies Corp. news, Director Fergus M. Clydesdale sold 2,000 shares of the stock in a transaction on Monday, November 7th. The stock was sold at an average price of $74.49, for a total value of $148,980.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.87% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in SXT. Bank of Montreal Can acquired a new stake in Sensient Technologies Corp. during the second quarter worth $895,000. Daiwa Securities Group Inc. bought a new stake in shares of Sensient Technologies Corp. during the second quarter worth $313,000. Parametrica Management Ltd bought a new stake in shares of Sensient Technologies Corp. during the second quarter worth $249,000. LS Investment Advisors LLC increased its stake in shares of Sensient Technologies Corp. by 55.7% in the second quarter. LS Investment Advisors LLC now owns 3,233 shares of the company’s stock worth $230,000 after buying an additional 1,156 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. increased its stake in shares of Sensient Technologies Corp. by 58.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 10,855 shares of the company’s stock worth $771,000 after buying an additional 3,990 shares during the last quarter. Institutional investors and hedge funds own 89.58% of the company’s stock.
Sensient Technologies Corp. 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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