Sensient Technologies (NYSE:SXT) Announces Earnings Results

Sensient Technologies (NYSE:SXTGet Free Report) announced its quarterly earnings data on Friday. The specialty chemicals company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.04), Briefing.com reports. Sensient Technologies had a return on equity of 11.54% and a net margin of 6.41%. The firm had revenue of $349.30 million for the quarter, compared to the consensus estimate of $371.10 million. During the same period in the prior year, the firm posted $0.64 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year.

Sensient Technologies Trading Down 3.7 %

NYSE:SXT opened at $60.39 on Friday. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 27.20 and a beta of 0.78. Sensient Technologies has a 1-year low of $52.90 and a 1-year high of $79.19. The business’s 50-day moving average price is $63.19 and its two-hundred day moving average price is $60.68. The company has a current ratio of 4.22, a quick ratio of 1.60 and a debt-to-equity ratio of 0.61.

Sensient Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Tuesday, February 6th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Monday, February 5th. This represents a $1.64 dividend on an annualized basis and a yield of 2.72%. Sensient Technologies’s dividend payout ratio is presently 73.87%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp raised its holdings in Sensient Technologies by 5.1% in the first quarter. Mackenzie Financial Corp now owns 2,573 shares of the specialty chemicals company’s stock worth $216,000 after purchasing an additional 124 shares during the period. Panagora Asset Management Inc. raised its stake in Sensient Technologies by 2.0% during the 1st quarter. Panagora Asset Management Inc. now owns 6,516 shares of the specialty chemicals company’s stock worth $547,000 after buying an additional 127 shares during the period. State of Wyoming lifted its holdings in Sensient Technologies by 23.3% during the fourth quarter. State of Wyoming now owns 720 shares of the specialty chemicals company’s stock worth $53,000 after acquiring an additional 136 shares in the last quarter. First Republic Investment Management Inc. grew its stake in Sensient Technologies by 2.4% in the first quarter. First Republic Investment Management Inc. now owns 6,678 shares of the specialty chemicals company’s stock valued at $561,000 after acquiring an additional 156 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of Sensient Technologies by 5.7% in the third quarter. LPL Financial LLC now owns 3,583 shares of the specialty chemicals company’s stock worth $210,000 after acquiring an additional 194 shares in the last quarter. Institutional investors own 88.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird upgraded shares of Sensient Technologies from a “neutral” rating to an “outperform” rating and set a $70.00 price objective on the stock in a report on Tuesday, October 17th.

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Sensient Technologies Company Profile

(Get Free Report)

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in the United States and internationally. It operates through three segments: Flavors & Extracts Group, Color Group, and Asia Pacific Group. The Flavors & Extracts Group segment 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.

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Earnings History for Sensient Technologies (NYSE:SXT)

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