Standex International (SXI) Scheduled to Post Earnings on Tuesday

Standex International (NYSE:SXI) is set to release its earnings data after the market closes on Tuesday, October 29th. Analysts expect Standex International to post earnings of $1.66 per share for the quarter.

Standex International (NYSE:SXI) last announced its earnings results on Thursday, August 1st. The industrial products company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.04. Standex International had a return on equity of 13.60% and a net margin of 10.14%. The company had revenue of $180.19 million during the quarter, compared to analysts’ expectations of $181.35 million. During the same period last year, the business posted $1.76 EPS. Standex International’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, analysts expect Standex International to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Standex International Stock Performance

Shares of Standex International stock opened at $177.55 on Friday. The business has a 50-day moving average of $175.68 and a 200 day moving average of $172.23. Standex International has a 12 month low of $130.04 and a 12 month high of $191.18. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 2.51 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 2.69.

Standex International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.72%. This is a boost from Standex International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, November 8th. Standex International’s dividend payout ratio (DPR) is 19.51%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SXI. DA Davidson raised their target price on Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a report on Monday, August 5th. StockNews.com raised Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Finally, Benchmark reaffirmed a “buy” rating and issued a $210.00 price target on shares of Standex International in a research report on Friday, August 2nd.

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.