$0.89 Earnings Per Share Expected for Sensient Technologies Co. (SXT) This Quarter

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Analysts expect that Sensient Technologies Co. (NYSE:SXT) will post earnings of $0.89 per share for the current quarter, according to Zacks. Zero analysts have provided estimates for Sensient Technologies’ earnings. Sensient Technologies reported earnings of $0.84 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 6%. The business is scheduled to issue its next earnings report on Friday, October 19th.

On average, analysts expect that Sensient Technologies will report full-year earnings of $3.65 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.00 per share. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Sensient Technologies.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings data on Friday, October 19th. The specialty chemicals company reported $0.95 earnings per share for the quarter, meeting the consensus estimate of $0.95. Sensient Technologies had a net margin of 8.77% and a return on equity of 18.11%. The firm had revenue of $342.73 million for the quarter. During the same quarter in the prior year, the company posted $0.89 EPS. Sensient Technologies’s revenue for the quarter was down 3.1% on a year-over-year basis.

A number of research firms recently weighed in on SXT. TheStreet upgraded shares of Sensient Technologies from a “c+” rating to a “b-” rating in a report on Tuesday, June 26th. Zacks Investment Research upgraded shares of Sensient Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, July 3rd. Finally, ValuEngine lowered shares of Sensient Technologies from a “hold” rating to a “sell” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $87.33.

A number of hedge funds have recently modified their holdings of the business. Mutual of America Capital Management LLC grew its position in Sensient Technologies by 2.1% in the 2nd quarter. Mutual of America Capital Management LLC now owns 36,346 shares of the specialty chemicals company’s stock worth $2,601,000 after purchasing an additional 741 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Sensient Technologies by 54.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,282 shares of the specialty chemicals company’s stock worth $164,000 after purchasing an additional 808 shares in the last quarter. OppenheimerFunds Inc. grew its position in Sensient Technologies by 14.6% in the 2nd quarter. OppenheimerFunds Inc. now owns 6,446 shares of the specialty chemicals company’s stock worth $461,000 after purchasing an additional 820 shares in the last quarter. Zebra Capital Management LLC grew its position in Sensient Technologies by 16.1% in the 2nd quarter. Zebra Capital Management LLC now owns 6,079 shares of the specialty chemicals company’s stock worth $435,000 after purchasing an additional 841 shares in the last quarter. Finally, Flinton Capital Management LLC grew its position in Sensient Technologies by 19.1% in the 2nd quarter. Flinton Capital Management LLC now owns 5,404 shares of the specialty chemicals company’s stock worth $387,000 after purchasing an additional 868 shares in the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Shares of SXT traded down $12.28 on Friday, reaching $64.48. The company’s stock had a trading volume of 2,933,016 shares, compared to its average volume of 358,558. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.16 and a quick ratio of 1.83. Sensient Technologies has a twelve month low of $63.32 and a twelve month high of $80.98. The firm has a market capitalization of $2.73 billion, a PE ratio of 18.85 and a beta of 0.75.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 5th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.23%. This is an increase from Sensient Technologies’s previous quarterly dividend of $0.33. Sensient Technologies’s dividend payout ratio is presently 38.60%.

About Sensient Technologies

Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.

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