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

Sensient Technologies (NYSE:SXT) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 2.800-2.900 for the period, compared to the consensus earnings per share estimate of 2.980. The company issued revenue guidance of -.

Sensient Technologies Stock Performance

SXT stock traded up $0.72 during trading on Friday, reaching $70.36. 271,131 shares of the stock were exchanged, compared to its average volume of 258,382. The company has a current ratio of 3.96, a quick ratio of 1.43 and a debt-to-equity ratio of 0.61. The stock has a 50 day simple moving average of $68.12 and a 200-day simple moving average of $63.37. The company has a market capitalization of $2.98 billion, a P/E ratio of 32.73 and a beta of 0.79. Sensient Technologies has a twelve month low of $52.90 and a twelve month high of $78.70.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, February 9th. The specialty chemicals company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). Sensient Technologies had a net margin of 6.41% and a return on equity of 11.52%. The firm had revenue of $349.30 million during the quarter, compared to the consensus estimate of $371.10 million. During the same quarter last year, the firm posted $0.64 EPS. The business’s revenue was up .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Sensient Technologies will post 2.85 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 6th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, May 3rd. Sensient Technologies’s dividend payout ratio (DPR) is 76.28%.

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.