Sensient Technologies (NYSE:SXT) Issues FY 2024 Earnings Guidance

Sensient Technologies (NYSE:SXT) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 2.770-2.870 for the period, compared to the consensus EPS estimate of 3.020. The company issued revenue guidance of -. Sensient Technologies also updated its FY24 guidance to $2.77 to $2.87 EPS.

Sensient Technologies Trading Up 0.1 %

SXT stock traded up $0.06 during midday trading on Friday, hitting $77.55. 112,972 shares of the company’s stock were exchanged, compared to its average volume of 174,667. Sensient Technologies has a one year low of $55.02 and a one year high of $82.99. The stock’s fifty day moving average price is $76.68 and its 200-day moving average price is $75.32. The company has a market cap of $3.29 billion, a PE ratio of 36.07 and a beta of 0.75. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.72 and a current ratio of 4.16.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter. The business had revenue of $392.61 million during the quarter, compared to analyst estimates of $390.64 million. Sensient Technologies had a return on equity of 11.25% and a net margin of 5.83%. Sensient Technologies’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 EPS. Research analysts predict that Sensient Technologies will post 2.82 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, November 4th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.11%. Sensient Technologies’s payout ratio is 76.28%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SXT shares. StockNews.com cut Sensient Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Robert W. Baird lifted their target price on Sensient Technologies from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, July 29th.

Insider Transactions at Sensient Technologies

In related news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $71.08, for a total value of $142,160.00. Following the completion of the transaction, the director now owns 15,162 shares of the company’s stock, valued at approximately $1,077,714.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.

About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.