Sensient Technologies (NYSE:SXT) Updates 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.

Sensient Technologies Price Performance

Shares of NYSE:SXT opened at $77.55 on Monday. The company has a market cap of $3.29 billion, a P/E ratio of 37.11 and a beta of 0.75. The company’s fifty day moving average is $76.68 and its two-hundred day moving average is $75.37. The company has a quick ratio of 1.47, a current ratio of 3.74 and a debt-to-equity ratio of 0.58. Sensient Technologies has a 12-month low of $55.02 and a 12-month high of $82.99.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings data on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter. Sensient Technologies had a return on equity of 11.41% and a net margin of 5.80%. The firm had revenue of $392.61 million during the quarter, compared to the consensus estimate of $390.64 million. During the same period in the prior year, the business earned $0.75 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities analysts expect that Sensient Technologies will post 2.82 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Monday, November 4th. Sensient Technologies’s payout ratio is presently 78.47%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SXT shares. Robert W. Baird lifted their target price on shares of 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 Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th.

Insider Buying and Selling

In other Sensient Technologies news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of Sensient Technologies stock in a transaction that occurred on Wednesday, August 14th. The shares were 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 directly owns 15,162 shares in the company, valued at $1,077,714.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

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.