Sensient Technologies (NYSE:SXT) Issues Quarterly Earnings Results

Sensient Technologies (NYSE:SXT) issued its quarterly earnings data on Friday. The specialty chemicals company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.02, Briefing.com reports. Sensient Technologies had a net margin of 5.83% and a return on equity of 11.25%. The firm had revenue of $392.61 million for the quarter, compared to analysts’ expectations of $390.64 million. During the same period in the prior year, the firm earned $0.75 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Sensient Technologies updated its FY 2024 guidance to 2.770-2.870 EPS and its FY24 guidance to $2.77 to $2.87 EPS.

Sensient Technologies Trading Up 0.9 %

Shares of Sensient Technologies stock traded up $0.72 on Friday, hitting $78.21. 31,777 shares of the company’s stock traded hands, compared to its average volume of 174,288. Sensient Technologies has a one year low of $55.02 and a one year high of $82.99. 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 capitalization of $3.31 billion, a PE ratio of 37.43 and a beta of 0.75. The firm’s 50-day moving average price is $76.60 and its two-hundred day moving average price is $75.25.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SXT. 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. StockNews.com downgraded shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th.

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 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 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 document filed with the SEC, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

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.