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 3.020. The company issued revenue guidance of -. Sensient Technologies also updated its FY24 guidance to $2.77 to $2.87 EPS.

Sensient Technologies Trading Up 0.1 %

Shares of Sensient Technologies stock traded up $0.06 on Friday, hitting $77.55. 112,972 shares of the company traded hands, compared to its average volume of 174,667. The stock’s 50 day moving average price is $76.68 and its 200-day moving average price is $75.30. The company has a current ratio of 4.16, a quick ratio of 1.72 and a debt-to-equity ratio of 0.60. Sensient Technologies has a 52 week low of $55.02 and a 52 week high of $82.99. The company has a market cap of $3.29 billion, a PE ratio of 36.02 and a beta of 0.75.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share for the quarter. The firm had revenue of $392.61 million during the quarter, compared to the consensus estimate of $390.64 million. Sensient Technologies had a net margin of 5.83% and a return on equity of 11.25%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Equities research analysts predict that Sensient Technologies will post 2.82 EPS for the current year.

Sensient Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Monday, November 4th. Sensient Technologies’s payout ratio is 76.28%.

Analysts Set New Price Targets

Several brokerages recently issued reports on SXT. Robert W. Baird lifted their price objective on shares of Sensient Technologies from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, July 29th. StockNews.com lowered shares of Sensient Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 25th.

Insiders Place Their Bets

In other news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $71.08, for a total transaction of $142,160.00. Following the sale, the director now directly owns 15,162 shares of the company’s stock, valued at $1,077,714.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.