Sensient Technologies (NYSE:SXT) Announces Quarterly Earnings Results

Sensient Technologies (NYSE:SXT – Get Rating) announced its earnings results on Friday. The specialty chemicals company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.05, MarketWatch Earnings reports. Sensient Technologies had a net margin of 8.60% and a return on equity of 14.10%. The business had revenue of $355.50 million during the quarter, compared to analyst estimates of $355.32 million. During the same period in the previous year, the business posted $0.77 earnings per share. Sensient Technologies’s revenue for the quarter was down 1.2% on a year-over-year basis.

Shares of SXT opened at $84.60 on Friday. The firm has a 50 day moving average price of $81.56 and a 200-day moving average price of $89.81. Sensient Technologies has a fifty-two week low of $74.43 and a fifty-two week high of $106.32. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 3.19. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 30.11 and a beta of 0.93.

Separately, StockNews.com assumed coverage on shares of Sensient Technologies in a research report on Thursday, March 31st. They set a “hold” rating for the company.

In other news, major shareholder Winder Investment Pte Ltd purchased 20,523 shares of the stock in a transaction that occurred on Wednesday, March 23rd. The stock was bought at an average cost of $79.60 per share, for a total transaction of $1,633,630.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Sharad P. Jain purchased 400 shares of the stock in a transaction that occurred on Tuesday, March 1st. The shares were purchased at an average price of $78.00 per share, with a total value of $31,200.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 277,538 shares of company stock valued at $23,192,953 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the business. Stifel Financial Corp purchased a new position in Sensient Technologies during the 4th quarter valued at $218,000. LPL Financial LLC purchased a new stake in shares of Sensient Technologies in the 3rd quarter worth about $212,000. Kingsview Wealth Management LLC purchased a new stake in shares of Sensient Technologies in the 4th quarter worth about $1,063,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of Sensient Technologies in the 4th quarter worth about $1,204,000. Finally, Comerica Bank grew its position in shares of Sensient Technologies by 1.0% in the 4th quarter. Comerica Bank now owns 20,386 shares of the specialty chemicals company’s stock worth $1,777,000 after buying an additional 192 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

About Sensient Technologies (Get Rating)

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Extracts Group, Color Group, and Asia Pacific Group.

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