Standex International Co. (NYSE:SXI) Expected to Announce Quarterly Sales of $185.69 Million

Analysts forecast that Standex International Co. (NYSE:SXIGet Rating) will post $185.69 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Standex International’s earnings, with the highest sales estimate coming in at $187.28 million and the lowest estimate coming in at $184.10 million. Standex International posted sales of $172.22 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.8%. The company is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Standex International will report full-year sales of $736.48 million for the current financial year, with estimates ranging from $732.90 million to $740.06 million. For the next year, analysts expect that the firm will post sales of $776.20 million, with estimates ranging from $775.29 million to $777.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Standex International.

Standex International (NYSE:SXIGet Rating) last released its earnings results on Thursday, February 3rd. The industrial products company reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate 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 return on equity of 12.95% and a net margin of 6.50%. During the same quarter last year, the business posted $1.05 EPS.

A number of research analysts have recently commented on the company. Zacks Investment Research cut Standex International from a “buy” rating to a “hold” rating in a research note on Thursday, April 7th. StockNews.com started coverage on Standex International in a research note on Thursday, March 31st. They set a “strong-buy” rating for the company. Finally, Barrington Research lifted their price objective on Standex International from $136.00 to $139.00 in a research note on Friday, February 4th.

Several institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC increased its stake in Standex International by 73.3% during 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% during the fourth quarter. NEXT Financial Group Inc now owns 415 shares of the industrial products company’s stock worth $46,000 after buying an additional 107 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of Standex International during the 4th quarter valued at $64,000. Marshall Wace LLP purchased a new stake in shares of Standex International during the 1st quarter valued at $145,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Standex International in the 3rd quarter valued at $206,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

SXI opened at $97.93 on Monday. The stock has a market cap of $1.20 billion, a PE ratio of 25.91, a PEG ratio of 1.18 and a beta of 1.17. The company has a quick ratio of 2.14, a current ratio of 2.88 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average of $103.98 and a 200-day moving average of $106.16. Standex International has a 52 week low of $86.30 and a 52 week high of $121.44.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 25th. Investors of record on Friday, February 11th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Thursday, February 10th. Standex International’s payout ratio is currently 27.51%.

Standex International Company Profile (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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