Sensient Technologies (NYSE:SXT) Issues FY24 Earnings Guidance

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on SXT shares. StockNews.com downgraded Sensient Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Robert W. Baird upped their target price on shares of Sensient Technologies from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, July 29th.

Sensient Technologies Stock Performance

Shares of Sensient Technologies stock traded up $0.06 on Friday, hitting $77.55. The stock had a trading volume of 112,972 shares, compared to its average volume of 174,667. The company’s 50 day moving average price is $76.68 and its 200 day moving average price is $75.32. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 36.07 and a beta of 0.75. The company has a current ratio of 4.16, a quick ratio of 1.72 and a debt-to-equity ratio of 0.60. Sensient Technologies has a 52-week low of $55.02 and a 52-week high of $82.99.

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

Sensient Technologies Dividend Announcement

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

Insider Transactions at Sensient Technologies

In other Sensient Technologies news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $71.08, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

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.