Brokerages Anticipate Standex International Corp. (NYSE:SXI) to Post $1.23 Earnings Per Share
Standex International Corp. (NYSE:SXI) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus target price of $98.00 for the company and are expecting that the company will post $1.23 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Standex International Corp. an industry rank of 91 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded Standex International Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, September 1st.
Shares of Standex International Corp. (NYSE:SXI) opened at 88.87 on Monday. The firm’s 50-day moving average price is $87.59 and its 200-day moving average price is $83.20. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 21.80 and a beta of 1.33. Standex International Corp. has a 12 month low of $65.53 and a 12 month high of $93.10.
Standex International Corp. (NYSE:SXI) last issued its quarterly earnings data on Thursday, August 25th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by $0.04. Standex International Corp. had a net margin of 6.93% and a return on equity of 15.95%. The business earned $193.80 million during the quarter, compared to the consensus estimate of $198.61 million. During the same quarter in the previous year, the firm posted $1.31 EPS. On average, equities analysts anticipate that Standex International Corp. will post $5.02 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Shareholders of record on Monday, August 8th were given a $0.14 dividend. The ex-dividend date was Thursday, August 4th. This represents a $0.56 annualized dividend and a yield of 0.63%. Standex International Corp.’s payout ratio is 13.76%.
In other news, Director William R. Fenoglio sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $84.25, for a total transaction of $252,750.00. Following the completion of the sale, the director now owns 11,484 shares in the company, valued at $967,527. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William R. Fenoglio sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $85.97, for a total value of $429,850.00. Following the sale, the director now owns 6,484 shares of the company’s stock, valued at approximately $557,429.48. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in Standex International Corp. by 3.2% in the first quarter. Arizona State Retirement System now owns 6,540 shares of the company’s stock worth $509,000 after buying an additional 200 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in Standex International Corp. by 2.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 507,494 shares of the company’s stock worth $39,488,000 after buying an additional 12,992 shares during the last quarter. Legal & General Group Plc increased its stake in Standex International Corp. by 15.8% in the first quarter. Legal & General Group Plc now owns 3,091 shares of the company’s stock worth $240,000 after buying an additional 422 shares during the last quarter. Geode Capital Management LLC increased its stake in Standex International Corp. by 7.8% in the first quarter. Geode Capital Management LLC now owns 84,246 shares of the company’s stock worth $6,555,000 after buying an additional 6,125 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Standex International Corp. by 12.9% in the first quarter. Goldman Sachs Group Inc. now owns 281,108 shares of the company’s stock worth $21,873,000 after buying an additional 32,153 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.
Standex International Corp. Company Profile
Standex International Corporation is a diversified manufacturing company for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment Group, Engraving Group, Engineering Technologies Group (ETG), Electronics Products Group and Hydraulics Products Group.
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