Sensient Technologies (NYSE:SXT) Issues FY20 Earnings Guidance

Sensient Technologies (NYSE:SXT) updated its FY20 earnings guidance on Friday. The company provided EPS guidance of $2.60-2.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.10. Sensient Technologies also updated its FY 2020
Pre-Market guidance to 2.60-2.80 EPS.

Several equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Sensient Technologies from a sell rating to a hold rating in a research note on Friday, January 3rd. TheStreet downgraded shares of Sensient Technologies from a b- rating to a c+ rating in a research report on Thursday. Seaport Global Securities downgraded shares of Sensient Technologies from a buy rating to a neutral rating in a research report on Monday, October 21st. Finally, Zacks Investment Research upgraded shares of Sensient Technologies from a strong sell rating to a hold rating in a research report on Tuesday, December 24th. Four analysts have rated the stock with a hold rating, Sensient Technologies has a consensus rating of Hold and a consensus price target of $80.00.

NYSE:SXT traded down $5.49 during mid-day trading on Friday, reaching $55.74. The stock had a trading volume of 785,856 shares. Sensient Technologies has a twelve month low of $55.11 and a twelve month high of $75.21. The business has a 50 day simple moving average of $63.07 and a 200 day simple moving average of $64.56.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings data on Friday, February 14th. The specialty chemicals company reported $0.62 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.62. The firm had revenue of $318.60 million during the quarter, compared to analyst estimates of $307.51 million. Sensient Technologies’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 EPS. Analysts expect that Sensient Technologies will post 2.7 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 4th will be given a $0.39 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 2.80%.

About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and fragrances in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group.

Further Reading: Dividend Achievers

Earnings History and Estimates for Sensient Technologies (NYSE:SXT)

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