Research Analysts Offer Predictions for Sensient Technologies Co.’s FY2020 Earnings (SXT)

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Sensient Technologies Co. (NYSE:SXT) – Equities research analysts at KeyCorp issued their FY2020 earnings estimates for shares of Sensient Technologies in a research note issued on Thursday, April 11th. KeyCorp analyst M. Sison forecasts that the specialty chemicals company will post earnings per share of $3.55 for the year. KeyCorp has a “Buy” rating and a $65.00 price objective on the stock.

A number of other research analysts have also recently issued reports on the stock. Seaport Global Securities began coverage on shares of Sensient Technologies in a research report on Thursday, February 21st. They set a “buy” rating for the company. BNP Paribas began coverage on shares of Sensient Technologies in a research report on Friday, January 11th. They set an “outperform” rating and a $74.00 price target for the company. Exane BNP Paribas began coverage on shares of Sensient Technologies in a research report on Friday, January 11th. They set an “outperform” rating and a $74.00 price target for the company. Zacks Investment Research raised shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, December 22nd. Finally, TheStreet cut shares of Sensient Technologies from a “b-” rating to a “c+” rating in a research report on Tuesday, December 18th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Sensient Technologies has an average rating of “Buy” and a consensus price target of $73.75.

Shares of SXT opened at $68.55 on Monday. The stock has a market cap of $2.88 billion, a PE ratio of 19.31 and a beta of 1.07. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.55 and a current ratio of 3.83. Sensient Technologies has a 1-year low of $51.93 and a 1-year high of $78.40.

Sensient Technologies (NYSE:SXT) last announced its earnings results on Friday, February 15th. The specialty chemicals company reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. The firm had revenue of $324.56 million for the quarter. Sensient Technologies had a net margin of 11.35% and a return on equity of 18.00%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 EPS.

A number of institutional investors have recently modified their holdings of the business. Retirement Systems of Alabama raised its holdings in Sensient Technologies by 0.4% in the first quarter. Retirement Systems of Alabama now owns 55,056 shares of the specialty chemicals company’s stock worth $3,732,000 after buying an additional 243 shares during the last quarter. 6 Meridian purchased a new position in Sensient Technologies in the first quarter worth about $534,000. Norges Bank purchased a new position in Sensient Technologies in the fourth quarter worth about $18,749,000. CWM Advisors LLC purchased a new position in Sensient Technologies in the fourth quarter worth about $211,000. Finally, Amalgamated Bank raised its holdings in Sensient Technologies by 42.8% in the fourth quarter. Amalgamated Bank now owns 6,384 shares of the specialty chemicals company’s stock worth $357,000 after buying an additional 1,913 shares during the last quarter. 99.73% of the stock is owned by institutional investors and hedge funds.

Sensient Technologies Company Profile

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and fragrances in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group.

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Earnings History and Estimates for Sensient Technologies (NYSE:SXT)

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