Standex International (SXI) Expected to Announce Earnings on Thursday

Standex International (NYSE:SXI) is anticipated to issue its quarterly earnings data after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $1.68 per share and revenue of $187.54 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Standex International (NYSE:SXI) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.05. The business had revenue of $170.50 million during the quarter, compared to the consensus estimate of $178.94 million. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.74 earnings per share. On average, analysts expect Standex International to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Standex International Stock Down 0.0 %

SXI opened at $187.03 on Wednesday. Standex International has a 52 week low of $141.90 and a 52 week high of $212.65. The business has a 50 day moving average price of $195.27 and a two-hundred day moving average price of $185.46. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.26 billion, a PE ratio of 30.66, a P/E/G ratio of 2.72 and a beta of 1.07.

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, February 14th. Standex International’s dividend payout ratio (DPR) is presently 20.98%.

Insider Activity at Standex International

In other Standex International news, Director Thomas J. Hansen sold 1,661 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $210.41, for a total transaction of $349,491.01. Following the sale, the director now directly owns 11,431 shares in the company, valued at approximately $2,405,196.71. The trade was a 12.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ademir Sarcevic sold 3,800 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $181.64, for a total transaction of $690,232.00. Following the completion of the transaction, the chief financial officer now owns 19,686 shares of the company’s stock, valued at $3,575,765.04. This represents a 16.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,061 shares of company stock worth $1,359,419 over the last three months. 2.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SXI shares. Benchmark lifted their price objective on shares of Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barrington Research reiterated an “outperform” rating and set a $220.00 price target on shares of Standex International in a research note on Tuesday.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of 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.