Sensient Technologies (SXT) Announces Quarterly Earnings Results, Hits Expectations

Sensient Technologies (NYSE:SXT) posted its quarterly earnings data on Thursday. The specialty chemicals company reported $0.84 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.84, Bloomberg Earnings reports. Sensient Technologies had a return on equity of 17.34% and a net margin of 7.89%.

Sensient Technologies (NYSE SXT) opened at $68.92 on Friday. The firm has a market capitalization of $2,977.23, a P/E ratio of 28.48, a PEG ratio of 2.11 and a beta of 0.98. Sensient Technologies has a twelve month low of $67.41 and a twelve month high of $84.98. The company has a current ratio of 3.59, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 6th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Monday, February 5th. Sensient Technologies’s dividend payout ratio is currently 54.55%.

Sensient Technologies declared that its Board of Directors has authorized a stock buyback program on Thursday, October 19th that authorizes the company to buyback 3,000,000 outstanding shares. This buyback authorization authorizes the specialty chemicals company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

In other news, Director Essie Whitelaw sold 1,520 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $75.00, for a total transaction of $114,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.95% of the company’s stock.

Several research analysts have recently weighed in on the company. Off Wall Street assumed coverage on Sensient Technologies in a report on Monday, December 18th. They set a “sell” rating on the stock. KeyCorp restated a “buy” rating and set a $90.00 target price on shares of Sensient Technologies in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $89.15.

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Sensient Technologies Company Profile

Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.

Earnings History for Sensient Technologies (NYSE:SXT)

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