Positive Media Coverage Somewhat Unlikely to Impact Standex International Corporation (SXI) Stock Price
News coverage about Standex International Corporation (NYSE:SXI) has trended positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Standex International Corporation earned a news impact score of 0.26 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 47.7510056130555 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Standex International Corporation (SXI) Director Gerald H. Fickenscher Sells 2,000 Shares (americanbankingnews.com)
- Standex International Corp. – Value Analysis (NYSE:SXI) : August 30, 2017 (finance.yahoo.com)
- Standex International Shares Gain (techkenyot.com)
- Earnings On Deck For Standex International Corporation (expressnewsline.com)
- Morgan Stanley Sells 26676 Shares of Standex International Corporation (SXI) (wisdomsave.com)
A number of brokerages have recently issued reports on SXI. Zacks Investment Research downgraded Standex International Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. FBR & Co reiterated an “outperform” rating on shares of Standex International Corporation in a research report on Tuesday, July 11th. Sidoti upgraded Standex International Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $103.00 to $115.00 in a research report on Friday, May 19th. Finally, BidaskClub upgraded Standex International Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $108.50.
Standex International Corporation (NYSE SXI) traded up 1.01% during mid-day trading on Wednesday, reaching $94.75. The company had a trading volume of 39,440 shares. Standex International Corporation has a 52 week low of $74.35 and a 52 week high of $101.24. The stock’s 50-day moving average price is $93.38 and its 200 day moving average price is $92.95. The firm has a market capitalization of $1.20 billion, a PE ratio of 25.98 and a beta of 1.54.
Standex International Corporation (NYSE:SXI) last issued its quarterly earnings data on Monday, August 28th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $217.10 million for the quarter, compared to analyst estimates of $210.05 million. Standex International Corporation had a return on equity of 14.88% and a net margin of 6.01%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 earnings per share. On average, equities research analysts predict that Standex International Corporation will post $5.07 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Monday, August 7th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Thursday, August 3rd. Standex International Corporation’s payout ratio is 17.78%.
In other news, Director Gerald H. Fickenscher sold 2,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $94.64, for a total transaction of $189,280.00. Following the completion of the sale, the director now owns 9,915 shares in the company, valued at $938,355.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is currently owned by corporate insiders.
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About Standex International Corporation
Standex International Corporation is a diversified manufacturing company. The Company is a manufacturer of a range of products and services for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics and Hydraulics.
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