Standex International Co. to Post Q4 2024 Earnings of $1.70 Per Share, Barrington Research Forecasts (NYSE:SXI)

Standex International Co. (NYSE:SXI - Free Report) - Equities researchers at Barrington Research dropped their Q4 2024 earnings per share estimates for Standex International in a report released on Monday, May 6th. Barrington Research analyst G. Prestopino now forecasts that the industrial products company will post earnings per share of $1.70 for the quarter, down from their prior estimate of $1.86. Barrington Research has a "Outperform" rating and a $180.00 price target on the stock. The consensus estimate for Standex International's current full-year earnings is $7.23 per share. Barrington Research also issued estimates for Standex International's Q4 2025 earnings at $1.91 EPS.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.67 by $0.08. The firm had revenue of $177.30 million for the quarter, compared to analyst estimates of $180.06 million. Standex International had a net margin of 10.11% and a return on equity of 13.72%. Standex International's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the business earned $1.65 EPS.

Several other analysts also recently commented on SXI. Benchmark reiterated a "buy" rating and issued a $190.00 price target on shares of Standex International in a research report on Friday, May 3rd. StockNews.com downgraded Standex International from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 5th. Finally, DA Davidson upped their price target on Standex International from $200.00 to $203.00 and gave the stock a "buy" rating in a research note on Tuesday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Standex International currently has a consensus rating of "Buy" and a consensus target price of $191.00.

Standex International Stock Performance

Shares of Standex International stock traded up $6.36 on Wednesday, hitting $173.07. The stock had a trading volume of 88,107 shares, compared to its average volume of 67,566. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 27.67, a P/E/G ratio of 2.69 and a beta of 1.06. Standex International has a 52-week low of $130.04 and a 52-week high of $184.18. The company's 50 day moving average price is $174.64 and its 200 day moving average price is $156.83. The company has a current ratio of 3.43, a quick ratio of 2.65 and a debt-to-equity ratio of 0.24.

Hedge Funds Weigh In On Standex International

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Standex International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 1,415,927 shares of the industrial products company's stock worth $224,255,000 after buying an additional 9,166 shares during the last quarter. Wasatch Advisors LP acquired a new stake in shares of Standex International in the first quarter valued at approximately $52,565,000. Northern Trust Corp raised its stake in Standex International by 1.9% during the 3rd quarter. Northern Trust Corp now owns 251,791 shares of the industrial products company's stock valued at $36,683,000 after acquiring an additional 4,742 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Standex International by 6.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 188,380 shares of the industrial products company's stock worth $29,836,000 after purchasing an additional 10,670 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in shares of Standex International by 3.4% during the fourth quarter. Handelsbanken Fonder AB now owns 152,700 shares of the industrial products company's stock valued at $24,185,000 after acquiring an additional 5,000 shares during the period. Hedge funds and other institutional investors own 90.35% of the company's stock.

Insider Activity

In related news, Director Thomas J. Hansen sold 2,200 shares of the business's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $161.04, for a total value of $354,288.00. Following the sale, the director now directly owns 11,370 shares in the company, valued at approximately $1,831,024.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO David A. Dunbar sold 5,000 shares of Standex International stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $165.00, for a total transaction of $825,000.00. Following the completion of the sale, the chief executive officer now directly owns 62,233 shares in the company, valued at $10,268,445. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas J. Hansen sold 2,200 shares of the firm's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $161.04, for a total value of $354,288.00. Following the sale, the director now owns 11,370 shares in the company, valued at approximately $1,831,024.80. The disclosure for this sale can be found here. In the last three months, insiders sold 16,423 shares of company stock worth $2,727,661. Company insiders own 2.63% of the company's stock.

Standex International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a yield of 0.69%. Standex International's dividend payout ratio (DPR) is presently 19.42%.

Standex International Company Profile

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.