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), Briefing.com 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.
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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