Standex International (NYSE:SXI) Issues Earnings Results

Standex International (NYSE:SXI) issued its quarterly earnings results on Thursday. The industrial products company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.08, RTT News reports. Standex International had a return on equity of 13.63% and a net margin of 18.80%. The company had revenue of $177.30 million during the quarter, compared to analysts’ expectations of $180.06 million. During the same quarter in the previous year, the firm posted $1.65 EPS. The firm’s revenue was down 3.8% compared to the same quarter last year.

Standex International Price Performance

NYSE:SXI traded up $2.92 during trading hours on Thursday, hitting $177.02. 71,447 shares of the stock were exchanged, compared to its average volume of 66,090. The company has a market cap of $2.10 billion, a P/E ratio of 14.98, a P/E/G ratio of 2.66 and a beta of 1.06. The firm’s fifty day moving average price is $174.13 and its 200 day moving average price is $156.08. Standex International has a 52-week low of $119.14 and a 52-week high of $184.18. The company has a current ratio of 3.34, a quick ratio of 2.58 and a debt-to-equity ratio of 0.24.

Standex International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.20 annualized dividend and a yield of 0.68%. Standex International’s dividend payout ratio (DPR) is currently 10.33%.

Wall Street Analyst Weigh In

SXI has been the subject of a number of research reports. DA Davidson lifted their price target on Standex International from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. StockNews.com lowered Standex International from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $195.00.

Insider Transactions at Standex International

In other news, Director Barbara Joanne Edwards sold 1,661 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $152.19, for a total transaction of $252,787.59. Following the transaction, the director now directly owns 4,811 shares in the company, valued at approximately $732,186.09. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 stock was sold at an average price of $152.19, for a total value of $252,787.59. Following the sale, the director now owns 4,811 shares of the company’s stock, valued at $732,186.09. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Alan J. Glass sold 1,619 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $152.92, for a total value of $247,577.48. Following the sale, the vice president now directly owns 19,224 shares in the company, valued at approximately $2,939,734.08. The disclosure for this sale can be found here. Insiders have sold a total of 18,084 shares of company stock worth $2,980,448 in the last ninety days. Insiders own 2.28% of the company’s stock.

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.