Sensient Technologies (NYSE:SXT) Releases FY24 Earnings Guidance

Sensient Technologies (NYSE:SXT - Get Free Report) issued an update on its FY24 earnings guidance on Friday morning. The company provided earnings per share guidance of $2.77 to $2.87 for the period, compared to the consensus earnings per share estimate of $3.02. Sensient Technologies also updated its FY 2024 guidance to 2.770-2.870 EPS.

Sensient Technologies Price Performance

NYSE:SXT traded down $0.04 during trading hours on Friday, reaching $77.45. 112,972 shares of the company's stock were exchanged, compared to its average volume of 174,667. The business's 50-day simple moving average is $76.60 and its two-hundred day simple moving average is $75.25. The company has a market capitalization of $3.28 billion, a P/E ratio of 36.02 and a beta of 0.75. The company has a quick ratio of 1.72, a current ratio of 4.16 and a debt-to-equity ratio of 0.60. Sensient Technologies has a 12 month low of $55.02 and a 12 month high of $82.99.

Sensient Technologies (NYSE:SXT - Get Free Report) last released its quarterly earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.02. The business had revenue of $392.61 million for the quarter, compared to analyst estimates of $390.64 million. Sensient Technologies had a net margin of 5.83% and a return on equity of 11.25%. The firm's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share. Sell-side analysts expect that Sensient Technologies will post 2.82 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders 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 dividend yield of 2.12%. The ex-dividend date is Monday, November 4th. Sensient Technologies's dividend payout ratio is currently 76.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SXT shares. Robert W. Baird increased their price objective on Sensient Technologies from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. StockNews.com downgraded shares of Sensient Technologies from a "buy" rating to a "hold" rating in a report on Thursday, July 25th.

Insider Buying and Selling

In other Sensient Technologies news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the company's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $71.08, for a total transaction of $142,160.00. Following the completion of the sale, the director now directly owns 15,162 shares in the company, valued at $1,077,714.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.