Sensient Technologies (NYSE:SXT) Releases 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 (EPS) guidance of 2.800-2.900 for the period, compared to the consensus estimate of 2.980. The company issued revenue guidance of -.

Sensient Technologies Stock Up 1.0 %

Shares of NYSE SXT traded up $0.72 on Friday, hitting $70.36. The company had a trading volume of 271,131 shares, compared to its average volume of 258,382. Sensient Technologies has a 12-month low of $52.90 and a 12-month high of $78.70. The business has a 50 day moving average of $68.12 and a two-hundred day moving average of $63.37. The company has a quick ratio of 1.43, a current ratio of 3.96 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $2.98 billion, a P/E ratio of 32.73 and a beta of 0.79.

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

Sensient Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 6th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.33%. The ex-dividend date is Friday, May 3rd. Sensient Technologies’s payout ratio is currently 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.