Zacks: Brokerages Expect Sensient Technologies Co. (SXT) to Announce $0.90 Earnings Per Share

Wall Street brokerages predict that Sensient Technologies Co. (NYSE:SXT) will announce $0.90 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Sensient Technologies’ earnings. Sensient Technologies reported earnings of $0.82 per share in the same quarter last year, which indicates a positive year over year growth rate of 9.8%. The company is scheduled to report its next quarterly earnings report after the market closes on Tuesday, April 24th.

According to Zacks, analysts expect that Sensient Technologies will report full year earnings of $3.83 per share for the current year, with EPS estimates ranging from $3.80 to $3.85. For the next year, analysts expect that the company will report earnings of $4.15 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Sensient Technologies.

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Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Thursday, February 8th. The specialty chemicals company reported $0.84 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.84. Sensient Technologies had a net margin of 6.58% and a return on equity of 17.37%. The firm had revenue of $328.87 million during the quarter.



Several equities analysts recently issued reports on SXT shares. Zacks Investment Research raised shares of Sensient Technologies from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Thursday. Gabelli raised shares of Sensient Technologies from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a report on Monday, February 12th. TheStreet downgraded shares of Sensient Technologies from a “b” rating to a “c+” rating in a report on Thursday, February 8th. Finally, Off Wall Street started coverage on shares of Sensient Technologies in a report on Monday, December 18th. They set a “sell” rating for the company. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $87.58.

In related news, Director Gebhardt Deborah Mckeithan bought 1,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was bought at an average cost of $72.10 per share, with a total value of $72,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hank Brown sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $71.78, for a total transaction of $143,560.00. The disclosure for this sale can be found here. Company insiders own 0.94% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of Sensient Technologies by 3.9% in the fourth quarter. BlackRock Inc. now owns 4,759,009 shares of the specialty chemicals company’s stock worth $348,121,000 after acquiring an additional 179,909 shares during the last quarter. Standard Life Aberdeen plc raised its stake in shares of Sensient Technologies by 30.3% in the fourth quarter. Standard Life Aberdeen plc now owns 1,027,093 shares of the specialty chemicals company’s stock worth $75,137,000 after acquiring an additional 239,123 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Sensient Technologies by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 959,579 shares of the specialty chemicals company’s stock worth $73,811,000 after acquiring an additional 8,141 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of Sensient Technologies by 12.5% in the fourth quarter. Eagle Asset Management Inc. now owns 601,635 shares of the specialty chemicals company’s stock worth $43,805,000 after acquiring an additional 66,825 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Sensient Technologies by 7.4% in the fourth quarter. Wells Fargo & Company MN now owns 586,853 shares of the specialty chemicals company’s stock worth $42,929,000 after acquiring an additional 40,654 shares during the last quarter. 90.99% of the stock is owned by institutional investors.

Shares of SXT stock opened at $68.93 on Friday. Sensient Technologies has a 12-month low of $65.60 and a 12-month high of $84.98. The stock has a market cap of $2,997.43, a P/E ratio of 20.15, a PEG ratio of 2.27 and a beta of 0.93. The company has a quick ratio of 1.25, a current ratio of 3.39 and a debt-to-equity ratio of 0.71.

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Sensient Technologies Company Profile

Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.

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Earnings History and Estimates for Sensient Technologies (NYSE:SXT)

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