Analysts Expect Standex International Co. (NYSE:SXI) Will Announce Earnings of $1.49 Per Share

Equities analysts expect Standex International Co. (NYSE:SXIGet Rating) to announce $1.49 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Standex International’s earnings. The highest EPS estimate is $1.50 and the lowest is $1.48. Standex International reported earnings per share of $1.19 in the same quarter last year, which would indicate a positive year-over-year growth rate of 25.2%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Standex International will report full-year earnings of $5.92 per share for the current fiscal year, with EPS estimates ranging from $5.90 to $5.94. For the next fiscal year, analysts anticipate that the firm will post earnings of $6.55 per share, with EPS estimates ranging from $6.49 to $6.60. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Standex International.

Standex International (NYSE:SXIGet Rating) last posted its quarterly earnings data on Thursday, February 3rd. The industrial products company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.07. The company had revenue of $185.71 million during the quarter, compared to analysts’ expectations of $176.78 million. Standex International had a net margin of 6.50% and a return on equity of 12.95%. During the same period in the prior year, the company posted $1.05 EPS.

A number of equities analysts have weighed in on the stock. Barrington Research upped their price objective on shares of Standex International from $136.00 to $139.00 in a research report on Friday, February 4th. StockNews.com assumed coverage on shares of Standex International in a research report on Thursday, March 31st. They set a “strong-buy” rating on the stock. Finally, Zacks Investment Research cut shares of Standex International from a “buy” rating to a “hold” rating in a research report on Thursday, April 7th.

Hedge funds and other institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its holdings in Standex International by 73.3% in the fourth quarter. Quadrant Capital Group LLC now owns 253 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 107 shares during the last quarter. NEXT Financial Group Inc lifted its holdings in Standex International by 34.7% in the fourth quarter. NEXT Financial Group Inc now owns 415 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 107 shares during the last quarter. Advisors Asset Management Inc. bought a new position in Standex International in the fourth quarter worth about $64,000. Marshall Wace LLP bought a new position in Standex International in the first quarter worth about $145,000. Finally, State Board of Administration of Florida Retirement System bought a new position in Standex International in the third quarter worth about $206,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:SXI traded down $1.21 on Friday, reaching $97.93. The stock had a trading volume of 23,073 shares, compared to its average volume of 41,822. The company has a current ratio of 2.88, a quick ratio of 2.14 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $103.98 and a 200 day moving average of $106.08. The stock has a market cap of $1.20 billion, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 1.18 and a beta of 1.17. Standex International has a 12-month low of $86.30 and a 12-month high of $121.44.

The business also recently declared a quarterly dividend, which was paid on Friday, February 25th. Stockholders of record on Friday, February 11th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, February 10th. This represents a $1.04 annualized dividend and a dividend yield of 1.06%. Standex International’s payout ratio is 27.51%.

About Standex International (Get Rating)

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

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