Standex International (NYSE:SXI) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Standex International (NYSE:SXI) issued its earnings results on Thursday. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.08, RTT News reports. Standex International had a return on equity of 13.63% and a net margin of 18.80%. The company had revenue of $177.30 million for the quarter, compared to the consensus estimate of $180.06 million. During the same quarter last year, the company earned $1.65 EPS. The firm’s quarterly revenue was down 3.8% on a year-over-year basis.

Standex International Price Performance

SXI stock traded up $2.92 during trading on Thursday, hitting $177.02. 71,447 shares of the company’s stock traded hands, compared to its average volume of 66,090. Standex International has a 52 week low of $119.14 and a 52 week high of $184.18. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 2.66 and a beta of 1.06. The business has a fifty day simple moving average of $174.13 and a 200 day simple moving average of $156.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.58 and a current ratio of 3.34.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, May 9th. Standex International’s dividend payout ratio is presently 10.33%.

Wall Street Analyst Weigh In

SXI has been the topic of several research analyst reports. StockNews.com downgraded shares of Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. DA Davidson boosted their price target on shares of Standex International from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $195.00.

Insider Transactions at Standex International

In related news, CEO David A. Dunbar sold 4,901 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total value of $882,180.00. Following the completion of the transaction, the chief executive officer now owns 57,332 shares of the company’s stock, valued at approximately $10,319,760. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO David A. Dunbar sold 4,901 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $180.00, for a total value of $882,180.00. Following the completion of the sale, the chief executive officer now directly owns 57,332 shares in the company, valued at $10,319,760. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David A. Dunbar sold 5,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $165.00, for a total transaction of $825,000.00. Following the transaction, the chief executive officer now owns 62,233 shares in the company, valued at approximately $10,268,445. The disclosure for this sale can be found here. Insiders have sold a total of 18,084 shares of company stock worth $2,980,448 in the last three months. Insiders own 2.28% of the company’s stock.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.