FY2020 Earnings Forecast for Sensient Technologies Co. Issued By Gabelli (SXT)
Sensient Technologies Co. (NYSE:SXT) – Stock analysts at Gabelli reduced their FY2020 earnings per share (EPS) estimates for shares of Sensient Technologies in a research report issued on Monday. Gabelli analyst S. Donnelly now forecasts that the specialty chemicals company will post earnings of $4.40 per share for the year, down from their previous forecast of $4.45. Gabelli currently has a “Buy” rating and a $94.00 price target on the stock. Gabelli also issued estimates for Sensient Technologies’ FY2021 earnings at $4.75 EPS and FY2022 earnings at $5.10 EPS.
Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Thursday, February 8th. The specialty chemicals company reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. The firm had revenue of $328.87 million for the quarter. Sensient Technologies had a return on equity of 17.37% and a net margin of 6.58%.
Shares of Sensient Technologies (NYSE:SXT) traded up $2.17 during trading hours on Tuesday, hitting $71.59. The stock had a trading volume of 237,095 shares, compared to its average volume of 377,886. The company has a market capitalization of $3,022.44, a P/E ratio of 35.08, a P/E/G ratio of 2.13 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.25 and a current ratio of 3.39. Sensient Technologies has a 1 year low of $65.60 and a 1 year high of $84.98.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 6th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, February 5th. Sensient Technologies’s payout ratio is currently 65.02%.
Sensient Technologies announced that its board has approved a share repurchase plan on Thursday, October 19th that permits the company to buyback 3,000,000 shares. This buyback authorization permits the specialty chemicals company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.
In related news, Director Essie Whitelaw sold 667 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $75.15, for a total transaction of $50,125.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.95% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. increased its position in Sensient Technologies by 89.6% during the fourth quarter. Advisor Group Inc. now owns 2,326 shares of the specialty chemicals company’s stock valued at $169,000 after acquiring an additional 1,099 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Sensient Technologies by 44.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,556 shares of the specialty chemicals company’s stock valued at $187,000 after acquiring an additional 782 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in Sensient Technologies during the fourth quarter valued at $208,000. Koch Industries Inc. purchased a new stake in Sensient Technologies during the fourth quarter valued at $214,000. Finally, Jane Street Group LLC purchased a new stake in Sensient Technologies during the third quarter valued at $221,000. Institutional investors own 88.12% of the company’s stock.
About Sensient Technologies
Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.
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