Standex International Corporation (NYSE:SXI) issued its earnings results on Wednesday. The industrial products company reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.17, Bloomberg Earnings reports. The firm had revenue of $214.40 million during the quarter, compared to analysts’ expectations of $195.63 million. Standex International Corporation had a net margin of 5.83% and a return on equity of 15.06%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the firm posted $1.14 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Thursday, November 9th will be given a $0.18 dividend. This is an increase from Standex International Corporation’s previous quarterly dividend of $0.16. The ex-dividend date is Wednesday, November 8th. This represents a $0.72 dividend on an annualized basis and a yield of 0.69%. Standex International Corporation’s dividend payout ratio is presently 17.73%.
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In other news, Director Gerald H. Fickenscher sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $94.64, for a total transaction of $189,280.00. Following the transaction, the director now owns 9,915 shares in the company, valued at approximately $938,355.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is owned by corporate insiders.
Several equities research analysts recently commented on SXI shares. Zacks Investment Research downgraded shares of Standex International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. FBR & Co restated an “outperform” rating on shares of Standex International Corporation in a research report on Tuesday, July 11th. Finally, Sidoti downgraded shares of Standex International Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Standex International Corporation presently has a consensus rating of “Hold” and a consensus price target of $108.50.
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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