$189.48 Million in Sales Expected for Standex International Co. (NYSE:SXI) This Quarter

Wall Street brokerages expect Standex International Co. (NYSE:SXIGet Rating) to report sales of $189.48 million for the current quarter, according to Zacks. Two analysts have made estimates for Standex International’s earnings. The highest sales estimate is $191.46 million and the lowest is $187.50 million. Standex International posted sales of $176.44 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.4%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, 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 financial year, analysts forecast that the company will report sales of $776.20 million, with estimates ranging from $775.29 million to $777.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Standex International.

Standex International (NYSE:SXIGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The industrial products company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.06. Standex International had a return on equity of 13.55% and a net margin of 8.54%. The company had revenue of $189.28 million during the quarter, compared to analysts’ expectations of $185.92 million. During the same period in the prior year, the business earned $1.19 earnings per share. Standex International’s revenue for the quarter was up 9.9% compared to the same quarter last year.

Several research analysts recently commented on the company. StockNews.com assumed coverage on Standex International in a research report on Thursday, March 31st. They issued a “strong-buy” rating for the company. Zacks Investment Research cut Standex International from a “buy” rating to a “hold” rating in a report on Thursday, April 7th. Finally, Barrington Research lifted their price objective on Standex International from $139.00 to $143.00 in a report on Friday.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Standex International by 2.5% in the fourth quarter. BlackRock Inc. now owns 1,910,953 shares of the industrial products company’s stock valued at $211,467,000 after buying an additional 46,107 shares in the last quarter. Copeland Capital Management LLC increased its stake in shares of Standex International by 1.0% in the first quarter. Copeland Capital Management LLC now owns 567,068 shares of the industrial products company’s stock valued at $56,662,000 after buying an additional 5,824 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of Standex International by 8.8% in the third quarter. Schroder Investment Management Group now owns 452,348 shares of the industrial products company’s stock valued at $44,742,000 after buying an additional 36,744 shares in the last quarter. FMR LLC increased its stake in shares of Standex International by 11.0% in the first quarter. FMR LLC now owns 421,338 shares of the industrial products company’s stock valued at $30,926,000 after buying an additional 41,723 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Standex International by 122.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 390,781 shares of the industrial products company’s stock valued at $43,243,000 after buying an additional 215,015 shares in the last quarter. Institutional investors own 88.39% of the company’s stock.

Shares of SXI stock opened at $95.15 on Monday. The stock has a market cap of $1.16 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 1.14 and a beta of 1.13. Standex International has a one year low of $86.30 and a one year high of $121.44. The stock has a fifty day moving average price of $101.34 and a 200 day moving average price of $105.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.88 and a quick ratio of 2.14.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Wednesday, May 11th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, May 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.09%. Standex International’s payout ratio is presently 20.39%.

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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