Sensient Technologies (NYSE:SXT) Releases FY24 Earnings Guidance

Sensient Technologies (NYSE:SXT) updated its FY24 earnings guidance on Friday. The company provided EPS guidance of $2.77 to $2.87 for the period, compared to the consensus EPS estimate of $3.02. Sensient Technologies also updated its FY 2024 guidance to 2.770-2.870 EPS.

Wall Street Analyst Weigh In

SXT has been the subject of several research analyst reports. StockNews.com cut shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Robert W. Baird upped their price target on Sensient Technologies from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, July 29th.

Sensient Technologies Trading Up 0.1 %

Shares of NYSE SXT traded up $0.06 during mid-day trading on Friday, hitting $77.55. The company’s stock had a trading volume of 112,972 shares, compared to its average volume of 174,667. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.16 and a quick ratio of 1.72. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 36.02 and a beta of 0.75. The company’s fifty day simple moving average is $76.68 and its 200-day simple moving average is $75.30. Sensient Technologies has a one year low of $55.02 and a one year high of $82.99.

Sensient Technologies (NYSE:SXT) last released its earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 EPS for the quarter. The firm had revenue of $392.61 million during the quarter, compared to analyst estimates of $390.64 million. Sensient Technologies had a net margin of 5.83% and a return on equity of 11.25%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 EPS. On average, sell-side analysts anticipate that Sensient Technologies will post 2.82 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.11%. The ex-dividend date is Monday, November 4th. Sensient Technologies’s payout ratio is 76.28%.

Insiders Place Their Bets

In other news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $71.08, for a total value of $142,160.00. Following the completion of the sale, the director now directly owns 15,162 shares of the company’s stock, valued at $1,077,714.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.40% of the company’s stock.

Sensient Technologies Company Profile

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.