Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Standex International (SXI) Stock Price

Media coverage about Standex International (NYSE:SXI) has trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Standex International earned a news impact score of 0.12 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.3024897887511 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of NYSE:SXI opened at $95.35 on Friday. Standex International has a one year low of $84.30 and a one year high of $110.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.34 and a quick ratio of 1.54. The stock has a market capitalization of $1,223.25, a PE ratio of 20.96 and a beta of 1.55.

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Standex International (NYSE:SXI) last announced its earnings results on Tuesday, January 30th. The industrial products company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.09. The business had revenue of $209.75 million during the quarter, compared to analysts’ expectations of $197.38 million. Standex International had a net margin of 3.99% and a return on equity of 14.98%. The business’s revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share. sell-side analysts predict that Standex International will post 5.28 EPS for the current year.

A number of brokerages have recently commented on SXI. Zacks Investment Research raised shares of Standex International from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a report on Saturday. ValuEngine cut shares of Standex International from a “buy” rating to a “hold” rating in a report on Wednesday. B. Riley reaffirmed a “buy” rating and issued a $125.00 target price on shares of Standex International in a report on Wednesday, January 31st. Finally, TheStreet cut shares of Standex International from a “b-” rating to a “c+” rating in a report on Monday, February 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $115.50.

In related news, Director Charles H. Cannon, Jr. sold 5,014 shares of the stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $98.75, for a total transaction of $495,132.50. Following the completion of the transaction, the director now directly owns 21,360 shares of the company’s stock, valued at $2,109,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David A. Dunbar sold 4,000 shares of the stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $101.43, for a total transaction of $405,720.00. Following the transaction, the chief executive officer now directly owns 54,164 shares of the company’s stock, valued at $5,493,854.52. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

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Standex International Company Profile

Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The company's Food Service Equipment segment offers refrigerated cabinets, cases, display units, coolers and freezers, ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, countertop merchandisers, cook and hold units, rotisseries, pressure fryers, deep fryers, baking equipment, pump systems, and display cases.

Insider Buying and Selling by Quarter for Standex International (NYSE:SXI)

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