FY2024 Earnings Estimate for Standex International Co. (NYSE:SXI) Issued By William Blair

Standex International Co. (NYSE:SXI) – William Blair decreased their FY2024 earnings estimates for shares of Standex International in a report issued on Monday, May 6th. William Blair analyst R. Sparenblek now expects that the industrial products company will post earnings per share of $7.00 for the year, down from their previous estimate of $7.55. The consensus estimate for Standex International’s current full-year earnings is $7.23 per share. William Blair also issued estimates for Standex International’s Q1 2025 earnings at $1.73 EPS, Q2 2025 earnings at $1.99 EPS, Q4 2025 earnings at $2.09 EPS and FY2026 earnings at $9.15 EPS.

SXI has been the subject of several other reports. Benchmark reissued a “buy” rating and set a $190.00 target price on shares of Standex International in a research note on Friday. StockNews.com cut Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. DA Davidson upped their target price on Standex International from $165.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Finally, Barrington Research reiterated an “outperform” rating and issued a $180.00 price target on shares of Standex International in a research report on Monday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Standex International presently has a consensus rating of “Buy” and a consensus target price of $190.00.

Standex International Trading Down 3.6 %

Shares of Standex International stock opened at $168.67 on Tuesday. Standex International has a fifty-two week low of $128.27 and a fifty-two week high of $184.18. The company has a quick ratio of 2.65, a current ratio of 3.43 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $174.66 and a 200-day simple moving average of $156.66. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 2.69 and a beta of 1.06.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.08. The business had revenue of $177.30 million for the quarter, compared to analyst estimates of $180.06 million. Standex International had a net margin of 10.11% and a return on equity of 13.72%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the business earned $1.65 earnings per share.

Institutional Trading of Standex International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Atria Wealth Solutions Inc. raised its stake in shares of Standex International by 3.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 3,175 shares of the industrial products company’s stock valued at $503,000 after acquiring an additional 108 shares in the last quarter. Texas Permanent School Fund Corp raised its position in shares of Standex International by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 10,389 shares of the industrial products company’s stock valued at $1,893,000 after purchasing an additional 109 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Standex International by 7.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,835 shares of the industrial products company’s stock worth $291,000 after buying an additional 126 shares during the period. Comerica Bank grew its stake in Standex International by 1.7% in the 4th quarter. Comerica Bank now owns 7,638 shares of the industrial products company’s stock valued at $1,210,000 after buying an additional 129 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in Standex International by 11.9% in the 4th quarter. Benjamin Edwards Inc. now owns 1,362 shares of the industrial products company’s stock worth $216,000 after acquiring an additional 145 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insider Transactions at Standex International

In other Standex International news, Director Barbara Joanne Edwards sold 1,661 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $152.19, for a total value of $252,787.59. Following the completion of the sale, the director now owns 4,811 shares in the company, valued at approximately $732,186.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Standex International news, Director Barbara Joanne Edwards sold 1,661 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $152.19, for a total value of $252,787.59. Following the completion of the sale, the director now directly owns 4,811 shares of the company’s stock, valued at $732,186.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ademir Sarcevic sold 2,428 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $154.31, for a total transaction of $374,664.68. Following the transaction, the chief financial officer now owns 12,071 shares in the company, valued at approximately $1,862,676.01. The disclosure for this sale can be found here. Insiders sold a total of 18,084 shares of company stock valued at $2,980,448 over the last quarter. Company insiders own 2.63% of the company’s stock.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.71%. Standex International’s payout ratio is currently 19.42%.

About Standex International

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