Analysts forecast that Standex International Co. (NYSE:SXI) will post sales of $171.56 million for the current quarter, according to Zacks. Two analysts have issued estimates for Standex International’s earnings, with the lowest sales estimate coming in at $170.00 million and the highest estimate coming in at $173.12 million. Standex International posted sales of $151.29 million in the same quarter last year, which suggests a positive year-over-year growth rate of 13.4%. The company is scheduled to report its next quarterly earnings results on Thursday, November 4th.
On average, analysts expect that Standex International will report full-year sales of $696.59 million for the current year, with estimates ranging from $687.97 million to $705.20 million. For the next fiscal year, analysts expect that the business will post sales of $738.07 million, with estimates ranging from $723.43 million to $752.70 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Standex International.
Standex International (NYSE:SXI) last released its quarterly earnings results on Thursday, August 12th. The industrial products company reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.09. Standex International had a net margin of 5.56% and a return on equity of 11.47%. The business had revenue of $176.44 million during the quarter, compared to analysts’ expectations of $173.73 million. During the same quarter in the previous year, the company earned $0.65 EPS.
In other news, CFO Ademir Sarcevic sold 650 shares of the business’s stock in a transaction dated Friday, September 10th. The stock was sold at an average price of $96.06, for a total transaction of $62,439.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.32% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB purchased a new position in shares of Standex International during the 2nd quarter worth $456,000. Principal Financial Group Inc. raised its position in shares of Standex International by 0.6% during the 1st quarter. Principal Financial Group Inc. now owns 95,763 shares of the industrial products company’s stock worth $9,152,000 after acquiring an additional 585 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Standex International by 91.6% during the first quarter. BNP Paribas Arbitrage SA now owns 6,689 shares of the industrial products company’s stock worth $639,000 after buying an additional 3,198 shares during the period. BlackRock Inc. increased its position in Standex International by 5.8% during the first quarter. BlackRock Inc. now owns 1,999,562 shares of the industrial products company’s stock worth $191,099,000 after buying an additional 109,942 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Standex International by 57.6% during the first quarter. JPMorgan Chase & Co. now owns 55,322 shares of the industrial products company’s stock worth $5,288,000 after buying an additional 20,219 shares during the period. 88.23% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:SXI traded up $1.39 during midday trading on Friday, reaching $94.50. The company’s stock had a trading volume of 567 shares, compared to its average volume of 54,240. Standex International has a 12-month low of $55.35 and a 12-month high of $108.17. The firm has a 50 day moving average of $94.45 and a 200-day moving average of $96.56. The firm has a market capitalization of $1.15 billion, a P/E ratio of 31.35, a PEG ratio of 1.23 and a beta of 1.26. The company has a quick ratio of 1.97, a current ratio of 2.61 and a debt-to-equity ratio of 0.39.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 25th. Shareholders of record on Monday, August 2nd were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, July 30th. This represents a $0.96 dividend on an annualized basis and a yield of 1.02%. Standex International’s dividend payout ratio is presently 20.87%.
Standex International Company Profile
Standex International Corp. manufactures products and services for commercial and industrial markets. It operates through the following segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics and Hydraulics. The Food Service Equipment segment is engaged in the provision of refrigeration, display merchandising and component pumps for the commercial food service and life sciences markets.
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