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

Sensient Technologies (NYSE:SXT) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 2.770-2.870 for the period, compared to the consensus EPS estimate of 3.020. The company issued revenue guidance of -.

Sensient Technologies Stock Performance

NYSE SXT opened at $77.49 on Friday. The company’s 50 day simple moving average is $76.60 and its two-hundred day simple moving average is $75.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.16 and a quick ratio of 1.72. Sensient Technologies has a 1 year low of $55.02 and a 1 year high of $82.99. The stock has a market capitalization of $3.28 billion, a PE ratio of 37.43 and a beta of 0.75.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Friday, July 26th. The specialty chemicals company reported $0.77 earnings per share (EPS) for the quarter. Sensient Technologies had a return on equity of 11.25% and a net margin of 5.83%. The company had revenue of $403.53 million for the quarter. Analysts predict that Sensient Technologies will post 2.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SXT. StockNews.com downgraded shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Robert W. Baird raised their price objective on shares of Sensient Technologies from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, July 29th.

Insiders Place Their Bets

In other news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $71.08, for a total transaction of $142,160.00. Following the transaction, the director now directly owns 15,162 shares in the company, valued at approximately $1,077,714.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.40% of the company’s stock.

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.