Sensient Technologies (NYSE:SXT) Updates FY24 Earnings Guidance

Sensient Technologies (NYSE:SXT) issued an update on its FY24 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $2.77 to $2.87 for the period, compared to the consensus estimate of $3.02. Sensient Technologies also updated its FY 2024 guidance to 2.770-2.870 EPS.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SXT. StockNews.com cut Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Robert W. Baird increased their price target on shares of Sensient Technologies from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, July 29th.

Sensient Technologies Stock Performance

Sensient Technologies stock traded up $0.06 during trading hours on Friday, hitting $77.55. The stock had a trading volume of 112,972 shares, compared to its average volume of 174,667. The company has a 50-day moving average of $76.68 and a two-hundred day moving average of $75.30. The company has a quick ratio of 1.72, a current ratio of 4.16 and a debt-to-equity ratio of 0.60. Sensient Technologies has a fifty-two week low of $55.02 and a fifty-two week high of $82.99. The company has a market cap of $3.29 billion, a PE ratio of 36.02 and a beta of 0.75.

Sensient Technologies (NYSE:SXT) last issued its earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 EPS for the quarter. The firm had revenue of $392.61 million during the quarter, compared to analysts’ expectations of $390.64 million. Sensient Technologies had a return on equity of 11.25% and a net margin of 5.83%. Sensient Technologies’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $0.75 earnings per share. On average, equities research analysts anticipate that Sensient Technologies will post 2.82 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

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

Insider Transactions at Sensient Technologies

In related news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $71.08, for a total value of $142,160.00. Following the sale, the director now owns 15,162 shares of the company’s stock, valued at $1,077,714.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by 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.