Standex International (SXI) Set to Announce Earnings on Thursday

Standex International (NYSE:SXI) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.67 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

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 analysts’ consensus estimates of $1.72 by $0.06. The business had revenue of $178.40 million during the quarter, compared to analyst estimates of $180.25 million. Standex International had a net margin of 18.80% and a return on equity of 13.63%. Standex International’s revenue was down 5.0% compared to the same quarter last year. During the same period last year, the business earned $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 Price Performance

Shares of SXI opened at $172.88 on Wednesday. The firm has a 50 day moving average of $173.63 and a 200 day moving average of $155.77. The company has a quick ratio of 2.58, a current ratio of 3.34 and a debt-to-equity ratio of 0.24. Standex International has a twelve month low of $119.14 and a twelve month high of $184.18. The company has a market capitalization of $2.05 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 2.71 and a beta of 1.03.

Standex International Dividend Announcement

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

Insiders Place Their Bets

In related news, CFO Ademir Sarcevic sold 2,428 shares of Standex International stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $154.31, for a total transaction of $374,664.68. Following the sale, the chief financial officer now owns 12,071 shares of the company’s stock, valued at approximately $1,862,676.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Standex International news, CEO David A. Dunbar sold 4,901 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total value of $882,180.00. Following the sale, the chief executive officer now owns 57,332 shares in the company, valued at approximately $10,319,760. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Ademir Sarcevic sold 2,428 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $154.31, for a total value of $374,664.68. Following the transaction, the chief financial officer now owns 12,071 shares of the company’s stock, valued at approximately $1,862,676.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,084 shares of company stock worth $2,980,448. Corporate insiders own 2.63% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SXI. StockNews.com downgraded Standex International from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th. DA Davidson raised their target price on Standex International from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price 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.