Standex International (NYSE:SXI) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Standex International (NYSE:SXI) issued its quarterly earnings results on Tuesday. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.05, Briefing.com reports. Standex International had a net margin of 10.14% and a return on equity of 13.60%. The business had revenue of $170.50 million for the quarter, compared to analyst estimates of $178.94 million. During the same period in the previous year, the business posted $1.74 earnings per share. The business’s revenue was down 7.7% compared to the same quarter last year.

Standex International Stock Up 4.0 %

Standex International stock opened at $189.16 on Thursday. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 30.61, a price-to-earnings-growth ratio of 2.56 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.69 and a current ratio of 3.37. Standex International has a fifty-two week low of $130.04 and a fifty-two week high of $191.18. The stock’s fifty day moving average is $176.42 and its two-hundred day moving average is $172.47.

Standex International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.68%. This is an increase from Standex International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, November 8th. Standex International’s payout ratio is presently 20.71%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. StockNews.com raised Standex International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Benchmark increased their price objective on Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday. Barrington Research restated an “outperform” rating and set a $220.00 target price on shares of Standex International in a research report on Wednesday. Finally, DA Davidson increased their price target on shares of Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a report on Monday, August 5th.

About Standex International

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.