Sensient Technologies (NYSE:SXT) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Sensient Technologies (NYSE:SXT) announced its quarterly earnings data on Friday. The specialty chemicals company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09, MarketWatch Earnings reports. Sensient Technologies had a net margin of 5.06% and a return on equity of 13.58%. 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.

SXT stock traded up $5.08 during trading on Friday, reaching $68.46. The stock had a trading volume of 567,238 shares, compared to its average volume of 414,417. Sensient Technologies has a 52 week low of $38.24 and a 52 week high of $69.17. The stock’s 50 day moving average is $58.46 and its two-hundred day moving average is $51.84. The company has a current ratio of 3.46, a quick ratio of 1.64 and a debt-to-equity ratio of 0.62. The firm has a market cap of $2.90 billion, a PE ratio of 43.88 and a beta of 1.07.

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

A number of equities analysts recently weighed in on the stock. TheStreet upgraded shares of Sensient Technologies from a “c” rating to a “b-” rating in a report on Monday, September 14th. Stephens assumed coverage on shares of Sensient Technologies in a report on Thursday, July 9th. They issued an “overweight” rating and a $70.00 price objective for the company. One investment 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 an average target price of $65.50.

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 for Sensient Technologies (NYSE:SXT)

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