Sensient Technologies (NYSE:SXT) Releases FY 2024 Earnings Guidance

Sensient Technologies (NYSE:SXT) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.770-2.870 for the period, compared to the consensus estimate of 3.030. The company issued revenue guidance of -.

Sensient Technologies Trading Down 4.9 %

Sensient Technologies stock traded down $3.94 during trading on Friday, hitting $76.64. The company had a trading volume of 303,946 shares, compared to its average volume of 171,241. The company has a current ratio of 4.31, a quick ratio of 1.71 and a debt-to-equity ratio of 0.60. The company’s 50 day simple moving average is $76.29 and its 200-day simple moving average is $70.55. Sensient Technologies has a 1-year low of $52.90 and a 1-year high of $82.99. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 35.65 and a beta of 0.76.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data on Friday, July 26th. The specialty chemicals company reported $0.77 earnings per share (EPS) for the quarter. Sensient Technologies had a return on equity of 11.40% and a net margin of 6.16%. The firm had revenue of $403.53 million for the quarter. As a group, analysts expect that Sensient Technologies will post 2.82 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Monday, August 5th. Sensient Technologies’s payout ratio is 76.28%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SXT shares. StockNews.com lowered shares of Sensient Technologies from a buy rating to a hold rating in a report on Thursday. Robert W. Baird lifted their target price on Sensient Technologies from $70.00 to $80.00 and gave the company an outperform rating in a report on Monday, April 29th.

Insider Buying and Selling

In other Sensient Technologies news, Director Essie Whitelaw sold 1,037 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $75.75, for a total transaction of $78,552.75. Following the completion of the transaction, the director now owns 20,789 shares in the company, valued at approximately $1,574,766.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Steven B. Morris sold 400 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $72.97, for a total transaction of $29,188.00. Following the sale, the insider now owns 4,082 shares of the company’s stock, valued at approximately $297,863.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Essie Whitelaw sold 1,037 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $75.75, for a total value of $78,552.75. Following the sale, the director now owns 20,789 shares of the company’s stock, valued at approximately $1,574,766.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,037 shares of company stock worth $153,245. Company insiders own 1.40% of the company’s stock.

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.