Standex International Co. (NYSE:SXI) Expected to Earn FY2024 Earnings of $7.00 Per Share

Standex International Co. (NYSE:SXI) – Equities research analysts at William Blair dropped their FY2024 EPS estimates for shares of Standex International in a note issued to investors on Monday, May 6th. William Blair analyst R. Sparenblek now forecasts that the industrial products company will post earnings of $7.00 per share for the year, down from their previous estimate of $7.55. The consensus estimate for Standex International’s current full-year earnings is $7.23 per share. William Blair also issued estimates for Standex International’s Q1 2025 earnings at $1.73 EPS, Q2 2025 earnings at $1.99 EPS, Q4 2025 earnings at $2.09 EPS and FY2026 earnings at $9.15 EPS.

A number of other research firms have also recently issued reports on SXI. Barrington Research reiterated an “outperform” rating and issued a $180.00 target price on shares of Standex International in a research report on Monday. StockNews.com cut shares of Standex International from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 5th. Benchmark reissued a “buy” rating and issued a $190.00 price objective on shares of Standex International in a research note on Friday, May 3rd. Finally, DA Davidson boosted their target price on shares of Standex International from $200.00 to $203.00 and gave the stock a “buy” rating in a research note on Tuesday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Standex International currently has an average rating of “Buy” and an average price target of $191.00.

Standex International Trading Up 3.8 %

Shares of SXI opened at $173.07 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.65 and a current ratio of 3.43. Standex International has a 52-week low of $130.04 and a 52-week high of $184.18. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 2.69 and a beta of 1.06. The business’s fifty day moving average is $174.74 and its 200-day moving average is $156.95.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.67 by $0.08. Standex International had a net margin of 10.11% and a return on equity of 13.72%. The business had revenue of $177.30 million during the quarter, compared to the consensus estimate of $180.06 million. During the same period in the previous year, the business earned $1.65 earnings per share. The company’s revenue was down 3.8% on a year-over-year basis.

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Thursday, May 9th. Standex International’s dividend payout ratio is currently 19.42%.

Insider Activity at Standex International

In other news, CEO David A. Dunbar sold 5,000 shares of Standex International stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $165.00, for a total transaction of $825,000.00. Following the transaction, the chief executive officer now owns 62,233 shares in the company, valued at $10,268,445. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO David A. Dunbar sold 4,901 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total value of $882,180.00. Following the sale, the chief executive officer now directly owns 57,332 shares of the company’s stock, valued at approximately $10,319,760. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David A. Dunbar sold 5,000 shares of Standex International stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $165.00, for a total transaction of $825,000.00. Following the transaction, the chief executive officer now directly owns 62,233 shares of the company’s stock, valued at approximately $10,268,445. The disclosure for this sale can be found here. Insiders sold a total of 16,423 shares of company stock worth $2,727,661 in the last quarter. 2.63% of the stock is owned by insiders.

Institutional Trading of Standex International

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Standex International by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 1,415,927 shares of the industrial products company’s stock valued at $224,255,000 after purchasing an additional 9,166 shares during the period. Wasatch Advisors LP bought a new position in shares of Standex International during the 1st quarter worth approximately $52,565,000. Northern Trust Corp grew its position in shares of Standex International by 1.9% during the 3rd quarter. Northern Trust Corp now owns 251,791 shares of the industrial products company’s stock worth $36,683,000 after buying an additional 4,742 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Standex International by 6.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 188,380 shares of the industrial products company’s stock valued at $29,836,000 after acquiring an additional 10,670 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of Standex International by 3.4% during the 4th quarter. Handelsbanken Fonder AB now owns 152,700 shares of the industrial products company’s stock valued at $24,185,000 after acquiring an additional 5,000 shares during the period. Institutional investors own 90.35% of the company’s stock.

About Standex International

Standex International Corporation, together with subsidiaries, manufactures and sells 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.