Sensient Technologies (NYSE:SXT) Issues FY 2024 Earnings Guidance

Sensient Technologies (NYSE:SXT) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 2.770-2.870 for the period, compared to the consensus EPS estimate of 3.030. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SXT shares. Robert W. Baird upped their price objective on shares of Sensient Technologies from $70.00 to $80.00 and gave the stock an outperform rating in a report on Monday, April 29th. StockNews.com downgraded Sensient Technologies from a buy rating to a hold rating in a research note on Thursday.

Sensient Technologies Stock Down 0.4 %

Shares of SXT opened at $80.58 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.71 and a current ratio of 4.31. The company has a 50-day simple moving average of $76.27 and a 200-day simple moving average of $70.41. Sensient Technologies has a 52 week low of $52.90 and a 52 week high of $82.99. The firm has a market capitalization of $3.41 billion, a P/E ratio of 37.48 and a beta of 0.76.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $0.79 earnings per share (EPS) for the quarter. The business had revenue of $384.67 million for the quarter. Sensient Technologies had a return on equity of 11.40% and a net margin of 6.16%. On average, equities research analysts expect that Sensient Technologies will post 2.85 earnings per share for the current year.

Insider Buying and Selling at Sensient Technologies

In other news, Director Essie Whitelaw sold 600 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $75.84, for a total transaction of $45,504.00. Following the completion of the transaction, the director now directly owns 21,826 shares of the company’s stock, valued at approximately $1,655,283.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Essie Whitelaw sold 600 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $75.84, for a total value of $45,504.00. Following the completion of the transaction, the director now owns 21,826 shares of the company’s stock, valued at $1,655,283.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven B. Morris sold 400 shares of Sensient Technologies stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $72.97, for a total value of $29,188.00. Following the sale, the insider now directly owns 4,082 shares in the company, valued at $297,863.54. The disclosure for this sale can be found here. Insiders have sold 2,037 shares of company stock valued at $153,245 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

Sensient Technologies Company Profile

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company 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.