Sensient Technologies (NYSE:SXT) Releases FY19 Earnings Guidance

Sensient Technologies (NYSE:SXT) updated its FY19 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $2.90-3.00 for the period, compared to the Thomson Reuters consensus estimate of $3.16. Sensient Technologies also updated its FY 2019 guidance to $2.90-3.00 EPS.

A number of research firms have weighed in on SXT. Zacks Investment Research downgraded Sensient Technologies from a hold rating to a sell rating in a report on Wednesday, October 9th. Sidoti began coverage on Sensient Technologies in a report on Tuesday, September 24th. They issued a neutral rating on the stock. 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. The stock has a consensus rating of Buy and a consensus price target of $75.00.

SXT stock traded down $6.46 during trading on Friday, reaching $60.05. The stock had a trading volume of 988,301 shares, compared to its average volume of 221,436. Sensient Technologies has a 52 week low of $51.93 and a 52 week high of $75.21. The stock’s 50 day moving average is $66.81 and its two-hundred day moving average is $69.02. The company has a current ratio of 4.17, a quick ratio of 1.80 and a debt-to-equity ratio of 0.73. The firm has a market cap of $2.81 billion, a PE ratio of 16.92 and a beta of 0.99.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, October 18th. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). 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 during the quarter, compared to the consensus estimate of $344.11 million. During the same period in the prior year, the company posted $0.95 EPS. The firm’s revenue was down 7.3% compared to the same quarter last year. On average, research analysts anticipate that Sensient Technologies will post 3.11 EPS for the current year.

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 and Estimates for Sensient Technologies (NYSE:SXT)

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