Sensient Technologies (NYSE:SXT – Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Friday, July 21st. Investors interested in listening to the company’s conference call can do so using this link.
Sensient Technologies (NYSE:SXT – Get Free Report) last posted its quarterly earnings results on Friday, April 28th. The specialty chemicals company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. Sensient Technologies had a return on equity of 13.76% and a net margin of 9.48%. The firm had revenue of $369.00 million during the quarter, compared to analysts’ expectations of $369.87 million. During the same quarter in the prior year, the firm posted $0.88 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis.
Sensient Technologies Trading Down 1.0 %
Shares of SXT opened at $68.65 on Friday. The stock has a 50 day simple moving average of $73.04 and a 200-day simple moving average of $74.06. Sensient Technologies has a 1 year low of $63.17 and a 1 year high of $89.34. The stock has a market cap of $2.90 billion, a PE ratio of 21.06 and a beta of 0.87. The company has a current ratio of 4.09, a quick ratio of 1.65 and a debt-to-equity ratio of 0.66.
Sensient Technologies Dividend Announcement
Insider Transactions at Sensient Technologies
In other news, major shareholder Winder Investment Pte Ltd sold 6,304,914 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $71.13, for a total value of $448,468,532.82. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.35% of the stock is owned by corporate insiders.
Institutional Trading of Sensient Technologies
Several hedge funds and other institutional investors have recently modified their holdings of SXT. Raymond James & Associates increased its position in shares of Sensient Technologies by 42.3% in the first quarter. Raymond James & Associates now owns 3,305 shares of the specialty chemicals company’s stock valued at $277,000 after acquiring an additional 983 shares during the last quarter. Ethic Inc. grew its holdings in Sensient Technologies by 23.0% during the first quarter. Ethic Inc. now owns 3,621 shares of the specialty chemicals company’s stock worth $277,000 after purchasing an additional 678 shares during the period. XTX Topco Ltd bought a new position in Sensient Technologies during the first quarter worth about $272,000. Cerity Partners LLC bought a new position in Sensient Technologies during the fourth quarter worth about $268,000. Finally, Bridgewater Associates LP bought a new position in Sensient Technologies during the first quarter worth about $251,000. Institutional investors and hedge funds own 88.50% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on Sensient Technologies in a research report on Thursday, May 18th. They issued a “hold” rating on the stock.
About Sensient Technologies
Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in the United States and internationally. It operates through three segments: Flavors & Extracts Group, Color Group, and Asia Pacific Group. The Flavors & Extracts Group segment 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.
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