Standex International (SXI) Expected to Announce Quarterly Earnings on Thursday

Standex International (NYSE:SXI) is projected to post its quarterly earnings results after the market closes on Thursday, January 30th. Analysts expect Standex International to post earnings of $1.68 per share and revenue of $187.54 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Standex International (NYSE:SXI) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.05. The business had revenue of $170.50 million for the quarter, compared to the consensus estimate of $178.94 million. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.74 earnings per share. On average, analysts expect Standex International to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Standex International Trading Down 0.1 %

Shares of NYSE SXI traded down $0.12 during mid-day trading on Tuesday, reaching $186.96. The company had a trading volume of 15,738 shares, compared to its average volume of 46,432. The business’s 50-day moving average is $195.61 and its 200-day moving average is $185.38. The company has a current ratio of 3.55, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07. Standex International has a 52 week low of $141.90 and a 52 week high of $212.65.

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, February 14th. Standex International’s payout ratio is presently 20.98%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SXI. Benchmark increased their target price on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barrington Research reiterated an “outperform” rating and set a $220.00 target price on shares of Standex International in a report on Tuesday.

Insider Activity at Standex International

In other news, CFO Ademir Sarcevic sold 3,800 shares of Standex International stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $181.64, for a total transaction of $690,232.00. Following the completion of the transaction, the chief financial officer now directly owns 19,686 shares of the company’s stock, valued at $3,575,765.04. The trade was a 16.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Hansen sold 1,661 shares of Standex International stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $210.41, for a total transaction of $349,491.01. Following the transaction, the director now directly owns 11,431 shares of the company’s stock, valued at approximately $2,405,196.71. This trade represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,061 shares of company stock valued at $1,359,419 in the last three months. 2.10% of the stock is owned by insiders.

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.