Sensient Technologies (NYSE:SXT) Issues FY 2024 Earnings Guidance

Sensient Technologies (NYSE:SXT) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 2.770-2.870 for the period, compared to the consensus EPS estimate of 3.020. The company issued revenue guidance of -. Sensient Technologies also updated its FY24 guidance to $2.77 to $2.87 EPS.

Analyst Ratings Changes

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

Sensient Technologies Stock Performance

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

Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 EPS for the quarter. The company had revenue of $392.61 million for the quarter, compared to the consensus estimate 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 prior year, the business earned $0.75 earnings per share. As a group, analysts predict that Sensient Technologies will post 2.82 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

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

Insider Transactions at Sensient Technologies

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