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 Trading Up 1.0 %

Shares of SXT traded up $0.72 during trading hours on Friday, reaching $70.36. The stock had a trading volume of 271,131 shares, compared to its average volume of 258,382. The company has a quick ratio of 1.43, a current ratio of 3.96 and a debt-to-equity ratio of 0.61. Sensient Technologies has a 52 week low of $52.90 and a 52 week high of $78.70. The firm has a 50-day moving average of $68.12 and a 200 day moving average of $63.37. The company has a market cap of $2.98 billion, a P/E ratio of 32.73 and a beta of 0.79.

Sensient Technologies (NYSE:SXT) last issued its earnings results on Friday, February 9th. The specialty chemicals company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $371.10 million. During the same quarter last year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, sell-side analysts expect that Sensient Technologies will post 2.85 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

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