Standex International Co. (NYSE:SXI) to Post Q4 2024 Earnings of $1.70 Per Share, Barrington Research Forecasts

Standex International Co. (NYSE:SXI) – Analysts at Barrington Research cut their Q4 2024 earnings estimates for Standex International in a research report issued to clients and investors on Monday, May 6th. Barrington Research analyst G. Prestopino now expects that the industrial products company will earn $1.70 per share for the quarter, down from their previous estimate of $1.86. Barrington Research has a “Outperform” rating and a $180.00 price objective on the stock. The consensus estimate for Standex International’s current full-year earnings is $7.23 per share. Barrington Research also issued estimates for Standex International’s Q4 2025 earnings at $1.91 EPS.

A number of other equities research analysts have also commented on SXI. Benchmark reissued a “buy” rating and issued a $190.00 price target on shares of Standex International in a research report on Friday, May 3rd. StockNews.com downgraded shares of Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Finally, DA Davidson boosted their price target on shares of Standex International from $200.00 to $203.00 and gave the stock a “buy” rating in a report on Tuesday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $191.00.

Standex International Stock Up 3.8 %

SXI stock opened at $173.07 on Wednesday. The firm has a market capitalization of $2.05 billion, a PE ratio of 28.00, a P/E/G ratio of 2.69 and a beta of 1.06. The company has a quick ratio of 2.65, a current ratio of 3.43 and a debt-to-equity ratio of 0.24. Standex International has a twelve month low of $130.04 and a twelve month high of $184.18. The stock’s 50 day moving average is $174.74 and its 200-day moving average is $156.95.

Standex International (NYSE:SXI) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.08. The company 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 firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.65 EPS.

Hedge Funds Weigh In On Standex International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SXI. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Standex International in the 4th quarter valued at approximately $26,000. Principal Securities Inc. purchased a new stake in shares of Standex International during the fourth quarter worth $26,000. Pacer Advisors Inc. bought a new position in shares of Standex International in the fourth quarter worth $28,000. GAMMA Investing LLC grew its position in shares of Standex International by 322.2% in the first quarter. GAMMA Investing LLC now owns 190 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 145 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in shares of Standex International by 341.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 322 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 249 shares during the period. Institutional investors own 90.35% of the company’s stock.

Insider Buying and Selling

In related news, VP Alan J. Glass sold 1,619 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $152.92, for a total transaction of $247,577.48. Following the completion of the sale, the vice president now owns 19,224 shares in the company, valued at $2,939,734.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO David A. Dunbar sold 5,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $165.00, for a total transaction of $825,000.00. Following the completion of the transaction, the chief executive officer now owns 62,233 shares in the company, valued at approximately $10,268,445. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Alan J. Glass sold 1,619 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $152.92, for a total value of $247,577.48. Following the completion of the sale, the vice president now owns 19,224 shares in the company, valued at $2,939,734.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,423 shares of company stock valued at $2,727,661. 2.63% of the stock is owned by insiders.

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 paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Thursday, May 9th. Standex International’s payout ratio is 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.