Sensient Technologies (NYSE:SXT) Announces Earnings Results

Sensient Technologies (NYSE:SXT) posted its quarterly earnings data on Friday. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.02), reports. Sensient Technologies had a net margin of 10.87% and a return on equity of 16.15%. The firm had revenue of $317.70 million for the quarter, compared to the consensus estimate of $344.11 million. During the same quarter last year, the firm earned $0.95 EPS. The company’s revenue was down 7.3% on a year-over-year basis. Sensient Technologies updated its FY 2019 guidance to $2.90-3.00 EPS and its FY19 guidance to $2.90-3.00 EPS.

SXT stock traded down $6.75 during mid-day trading on Friday, reaching $59.76. 13,985 shares of the stock traded hands, compared to its average volume of 210,171. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.80 and a current ratio of 4.17. Sensient Technologies has a one year low of $51.93 and a one year high of $78.40. The stock has a market capitalization of $2.80 billion, a PE ratio of 16.90 and a beta of 0.99. The business has a 50-day moving average price of $66.90 and a two-hundred day moving average price of $69.05.

A number of research analysts have weighed in on the stock. Sidoti assumed coverage on shares of Sensient Technologies in a research report on Tuesday, September 24th. They set a “neutral” rating on the stock. Zacks Investment Research cut shares of Sensient Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Sensient Technologies has an average rating of “Buy” and an average price target of $75.00.

About Sensient Technologies

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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