Q2 2019 EPS Estimates for Standex Int’l Corp. Decreased by Analyst (SXI)
Standex Int’l Corp. (NYSE:SXI) – William Blair decreased their Q2 2019 earnings per share estimates for shares of Standex Int’l in a report released on Tuesday, December 4th. William Blair analyst N. Heymann now forecasts that the industrial products company will earn $1.15 per share for the quarter, down from their previous estimate of $1.23. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for Standex Int’l’s Q3 2019 earnings at $1.28 EPS, Q4 2019 earnings at $1.71 EPS, FY2019 earnings at $5.35 EPS and FY2020 earnings at $6.50 EPS.
Several other equities research analysts also recently weighed in on SXI. Zacks Investment Research downgraded Standex Int’l from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. TheStreet downgraded Standex Int’l from a “b” rating to a “c+” rating in a report on Monday, October 29th. Finally, ValuEngine downgraded Standex Int’l from a “hold” rating to a “sell” rating in a report on Monday, October 29th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $106.50.
Standex Int’l (NYSE:SXI) last posted its quarterly earnings data on Monday, October 29th. The industrial products company reported $1.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.43 by ($0.22). The firm had revenue of $193.08 million during the quarter, compared to analyst estimates of $226.20 million. Standex Int’l had a net margin of 4.54% and a return on equity of 14.52%. Standex Int’l’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 earnings per share.
A number of large investors have recently added to or reduced their stakes in SXI. BlackRock Inc. raised its position in Standex Int’l by 10.2% in the second quarter. BlackRock Inc. now owns 1,847,731 shares of the industrial products company’s stock worth $188,837,000 after acquiring an additional 170,292 shares in the last quarter. Walthausen & Co. LLC purchased a new position in Standex Int’l in the third quarter worth $11,283,000. Assenagon Asset Management S.A. purchased a new position in Standex Int’l in the third quarter worth $6,160,000. Ceredex Value Advisors LLC purchased a new position in Standex Int’l in the third quarter worth $3,315,000. Finally, Vanguard Group Inc. raised its position in Standex Int’l by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,287,813 shares of the industrial products company’s stock worth $134,255,000 after acquiring an additional 28,378 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.
In other Standex Int’l news, VP Thomas D. Debyle sold 2,000 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $110.10, for a total value of $220,200.00. Following the completion of the transaction, the vice president now owns 65,343 shares in the company, valued at $7,194,264.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.64% of the stock is owned by company insiders.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 27th. Investors of record on Thursday, November 8th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, November 7th. This is an increase from Standex Int’l’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 1.08%. Standex Int’l’s dividend payout ratio (DPR) is currently 15.47%.
Standex Int’l Company Profile
Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.
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