Standex International (NYSE:SXI) Posts Earnings Results, Beats Estimates By $0.05 EPS

Standex International (NYSE:SXI) issued its earnings results on Tuesday. The industrial products company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.05, Briefing.com reports. The business had revenue of $170.50 million for the quarter, compared to analyst estimates of $178.94 million. Standex International had a return on equity of 13.60% and a net margin of 10.14%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the company earned $1.74 EPS.

Standex International Stock Performance

NYSE SXI opened at $189.16 on Thursday. The firm has a market cap of $2.25 billion, a P/E ratio of 30.61, a P/E/G ratio of 2.56 and a beta of 1.03. Standex International has a 52-week low of $130.04 and a 52-week high of $191.18. The business’s 50-day moving average price is $176.42 and its 200 day moving average price is $172.47. The company has a quick ratio of 2.69, a current ratio of 3.37 and a debt-to-equity ratio of 0.24.

Standex International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.68%. This is a boost from Standex International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, November 8th. Standex International’s dividend payout ratio is presently 20.71%.

Analyst Ratings Changes

Several analysts have recently weighed in on SXI shares. DA Davidson boosted their price objective on shares of Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. StockNews.com raised shares of Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Benchmark upped their price objective on shares of Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Barrington Research reiterated an “outperform” rating and set a $220.00 target price on shares of Standex International in a research report on Wednesday.

About Standex International

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of 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.