Standex International Co. (NYSE:SXI) Expected to Announce Earnings of $1.63 Per Share

Analysts expect Standex International Co. (NYSE:SXIGet Rating) to post earnings per share of $1.63 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Standex International’s earnings, with the highest EPS estimate coming in at $1.64 and the lowest estimate coming in at $1.62. Standex International posted earnings of $1.40 per share during the same quarter last year, which would indicate a positive year over year growth rate of 16.4%. The firm is scheduled to announce its next earnings report 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 financial year, with EPS estimates ranging from $5.90 to $5.94. For the next financial year, analysts expect that the business will report 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 a mean average based on a survey of research analysts that follow Standex International.

Standex International (NYSE:SXIGet Rating) last posted its earnings results on Thursday, May 5th. The industrial products company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.06. Standex International had a return on equity of 12.95% and a net margin of 6.50%. The company had revenue of $189.28 million for the quarter, compared to analyst estimates of $185.92 million. During the same quarter in the previous year, the firm earned $1.19 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year.

Several equities analysts have issued reports on the company. Zacks Investment Research lowered Standex International from a “buy” rating to a “hold” rating in a research note on Thursday, April 7th. StockNews.com initiated coverage on Standex International in a research note on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Finally, Barrington Research raised their price target on Standex International from $139.00 to $143.00 in a report on Friday.

Hedge funds and other institutional investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Standex International in the third quarter worth about $1,731,000. Renaissance Technologies LLC lifted its holdings in shares of Standex International by 214.0% during the third quarter. Renaissance Technologies LLC now owns 17,900 shares of the industrial products company’s stock worth $1,770,000 after purchasing an additional 12,200 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of Standex International during the fourth quarter worth about $426,000. Millennium Management LLC lifted its holdings in shares of Standex International by 658.7% during the third quarter. Millennium Management LLC now owns 81,151 shares of the industrial products company’s stock worth $8,027,000 after purchasing an additional 70,455 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Standex International during the third quarter worth about $17,384,000. 88.39% of the stock is owned by institutional investors and hedge funds.

SXI opened at $95.15 on Friday. The business’s 50-day moving average is $101.34 and its two-hundred day moving average is $105.42. Standex International has a 1 year low of $86.30 and a 1 year high of $121.44. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.88 and a quick ratio of 2.14. The firm has a market capitalization of $1.16 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 1.14 and a beta of 1.13.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Wednesday, May 11th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.09%. The ex-dividend date is Tuesday, May 10th. Standex International’s dividend payout ratio is presently 27.51%.

Standex International announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 5th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the industrial products company to reacquire up to 8.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

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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