Standex International (SXI) Set to Announce Quarterly Earnings on Tuesday

Standex International (NYSE:SXI - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Standex International to post earnings of $1.66 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.04. Standex International had a net margin of 10.14% and a return on equity of 13.60%. The firm had revenue of $180.19 million for the quarter, compared to the consensus estimate of $181.35 million. During the same quarter in the prior year, the company posted $1.76 earnings per share. The business's revenue was down 4.3% on a year-over-year basis. On average, analysts expect Standex International to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Standex International Stock Performance

NYSE SXI traded down $0.61 during trading hours on Friday, reaching $176.94. 33,562 shares of the company were exchanged, compared to its average volume of 56,948. The business's 50 day simple moving average is $175.68 and its 200-day simple moving average is $172.23. The company has a quick ratio of 2.69, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. Standex International has a 1 year low of $130.04 and a 1 year high of $191.18. The stock has a market capitalization of $2.08 billion, a P/E ratio of 28.64, a P/E/G ratio of 2.51 and a beta of 1.03.

Standex International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.72%. This is a positive change from Standex International's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, November 8th. Standex International's payout ratio is presently 20.71%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SXI shares. StockNews.com upgraded Standex International from a "hold" rating to a "buy" rating in a research report on Wednesday, August 14th. DA Davidson increased their target price on Standex International from $203.00 to $211.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. Finally, Benchmark reissued a "buy" rating and set a $210.00 price objective on shares of Standex International in a research note on Friday, August 2nd.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.