Sensient Technologies Co. Forecasted to Earn Q1 2019 Earnings of $0.79 Per Share (SXT)

Sensient Technologies Co. (NYSE:SXT) – Research analysts at KeyCorp issued their Q1 2019 EPS estimates for shares of Sensient Technologies in a research report issued on Monday, February 18th. KeyCorp analyst M. Sison expects that the specialty chemicals company will post earnings per share of $0.79 for the quarter. KeyCorp has a “Buy” rating and a $65.00 price target on the stock. KeyCorp also issued estimates for Sensient Technologies’ Q2 2019 earnings at $0.84 EPS, Q3 2019 earnings at $0.86 EPS, Q4 2019 earnings at $0.76 EPS and FY2019 earnings at $3.25 EPS.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Friday, February 15th. The specialty chemicals company reported $0.79 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. Sensient Technologies had a return on equity of 18.00% and a net margin of 11.35%. The company had revenue of $324.56 million during the quarter. During the same period in the previous year, the company posted $0.84 EPS. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year.

Several other research analysts have also recently issued reports on the company. ValuEngine raised Sensient Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Exane BNP Paribas initiated coverage on Sensient Technologies in a research note on Friday, January 11th. They issued an “outperform” rating and a $74.00 price target for the company. BNP Paribas initiated coverage on Sensient Technologies in a research note on Friday, January 11th. They issued an “outperform” rating and a $74.00 price target for the company. Seaport Global Securities initiated coverage on Sensient Technologies in a research note on Thursday. They issued a “buy” rating for the company. Finally, TheStreet cut Sensient Technologies from a “b-” rating to a “c+” rating in a research note on Tuesday, December 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $74.60.

NYSE:SXT opened at $64.81 on Wednesday. Sensient Technologies has a 1 year low of $51.93 and a 1 year high of $78.40. The firm has a market capitalization of $2.73 billion, a PE ratio of 18.26 and a beta of 1.08. The company has a quick ratio of 1.55, a current ratio of 3.83 and a debt-to-equity ratio of 0.80.

A number of hedge funds have recently made changes to their positions in the stock. Amalgamated Bank boosted its stake in Sensient Technologies by 42.8% during the fourth quarter. Amalgamated Bank now owns 6,384 shares of the specialty chemicals company’s stock valued at $357,000 after buying an additional 1,913 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Sensient Technologies by 34.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 36,192 shares of the specialty chemicals company’s stock valued at $2,021,000 after purchasing an additional 9,350 shares during the period. Millennium Management LLC boosted its position in shares of Sensient Technologies by 171.5% in the 4th quarter. Millennium Management LLC now owns 17,846 shares of the specialty chemicals company’s stock valued at $997,000 after purchasing an additional 11,274 shares during the period. Vestor Capital LLC acquired a new position in shares of Sensient Technologies in the 4th quarter valued at $207,000. Finally, Legal & General Group Plc boosted its position in shares of Sensient Technologies by 4.8% in the 4th quarter. Legal & General Group Plc now owns 55,731 shares of the specialty chemicals company’s stock valued at $3,113,000 after purchasing an additional 2,545 shares during the period. 99.73% of the stock is owned by institutional investors and hedge funds.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Monday, February 4th will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, February 1st. This represents a $1.44 annualized dividend and a yield of 2.22%. Sensient Technologies’s dividend payout ratio is currently 40.56%.

Sensient Technologies Company Profile

Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.

Featured Story: Trading Ex-Dividend

Earnings History and Estimates for Sensient Technologies (NYSE:SXT)

Receive News & Ratings for Sensient Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sensient Technologies and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply