Standex International (NYSE:SXI) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Standex International (NYSE:SXI) issued its earnings results on Tuesday. The industrial products company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.66 by $0.05, Briefing.com reports. Standex International had a return on equity of 13.60% and a net margin of 10.14%. The business had revenue of $170.50 million for the quarter, compared to the consensus estimate of $178.94 million. During the same period last year, the business posted $1.74 EPS. The company’s revenue was down 7.7% compared to the same quarter last year.

Standex International Trading Up 1.6 %

Shares of NYSE:SXI opened at $179.82 on Tuesday. Standex International has a 52-week low of $130.04 and a 52-week high of $191.18. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 2.56 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.69 and a current ratio of 3.37. The stock’s 50-day simple moving average is $175.93 and its two-hundred day simple moving average is $172.28.

Standex International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.32 dividend. This is an increase from Standex International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.28 dividend on an annualized basis and a yield of 0.71%. Standex International’s dividend payout ratio is currently 20.71%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SXI. Benchmark reaffirmed a “buy” rating and set a $210.00 price objective on shares of Standex International in a research report on Friday, August 2nd. DA Davidson raised their price target on shares of Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, StockNews.com raised shares of Standex International from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th.

About Standex International

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.