Sensient Technologies (NYSE:SXT) Issues Quarterly Earnings Results

Sensient Technologies (NYSE:SXT) posted its earnings results on Friday. The specialty chemicals company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.09, MarketWatch Earnings reports. Sensient Technologies had a return on equity of 13.58% and a net margin of 5.06%. Sensient Technologies updated its FY 2020
Pre-Market guidance to 2.60-2.80 EPS and its FY20 guidance to $2.60-2.80 EPS.

Shares of Sensient Technologies stock traded up $5.08 on Friday, reaching $68.46. 567,238 shares of the stock were exchanged, compared to its average volume of 414,417. The company has a quick ratio of 1.64, a current ratio of 3.46 and a debt-to-equity ratio of 0.62. Sensient Technologies has a twelve month low of $38.24 and a twelve month high of $69.17. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 43.88 and a beta of 1.07. The business has a 50 day moving average price of $58.46 and a two-hundred day moving average price of $51.84.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 2nd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, October 30th. Sensient Technologies’s dividend payout ratio (DPR) is 52.70%.

SXT has been the topic of several analyst reports. TheStreet upgraded Sensient Technologies from a “c” rating to a “b-” rating in a research note on Monday, September 14th. Stephens began coverage on Sensient Technologies in a report on Thursday, July 9th. They issued an “overweight” rating and a $70.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Sensient Technologies presently has an average rating of “Hold” and a consensus target price of $65.50.

About Sensient Technologies

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 for Sensient Technologies (NYSE:SXT)

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