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

Sensient Technologies (NYSE:SXT) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.770-2.870 for the period, compared to the consensus estimate of 3.030. The company issued revenue guidance of -.

Sensient Technologies Stock Performance

Shares of NYSE SXT traded down $3.94 during mid-day trading on Friday, hitting $76.64. 303,946 shares of the company were exchanged, compared to its average volume of 171,241. The stock has a 50 day simple moving average of $76.29 and a 200-day simple moving average of $70.55. Sensient Technologies has a 1-year low of $52.90 and a 1-year high of $82.99. The company has a quick ratio of 1.71, a current ratio of 4.31 and a debt-to-equity ratio of 0.60. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 35.65 and a beta of 0.76.

Sensient Technologies (NYSE:SXT) last released its earnings results on Friday, July 26th. The specialty chemicals company reported $0.77 earnings per share (EPS) for the quarter. Sensient Technologies had a return on equity of 11.40% and a net margin of 6.16%. The company had revenue of $403.53 million for the quarter. On average, sell-side analysts forecast that Sensient Technologies will post 2.85 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 5th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $1.64 annualized dividend and a yield of 2.14%. Sensient Technologies’s dividend payout ratio is presently 76.28%.

Wall Street Analyst Weigh In

Several research firms have recently commented on SXT. StockNews.com lowered shares of Sensient Technologies from a buy rating to a hold rating in a research report on Thursday. Robert W. Baird raised their price target on Sensient Technologies from $70.00 to $80.00 and gave the stock an outperform rating in a research report on Monday, April 29th.

Insider Activity at Sensient Technologies

In other news, insider Steven B. Morris sold 400 shares of Sensient Technologies stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $72.97, for a total transaction of $29,188.00. Following the sale, the insider now owns 4,082 shares in the company, valued at $297,863.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Sensient Technologies news, insider Steven B. Morris sold 400 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $72.97, for a total transaction of $29,188.00. Following the sale, the insider now directly owns 4,082 shares of the company’s stock, valued at $297,863.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Essie Whitelaw sold 1,037 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $75.75, for a total value of $78,552.75. Following the completion of the sale, the director now directly owns 20,789 shares in the company, valued at approximately $1,574,766.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,037 shares of company stock worth $153,245. 1.40% of the stock is 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.