Sensient Technologies (NYSE:SXT) Issues FY 2024 Earnings Guidance

Sensient Technologies (NYSE:SXT - Get Free Report) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 2.800-2.900 for the period, compared to the consensus estimate of 2.980. The company issued revenue guidance of -.

Sensient Technologies Stock Up 1.0 %

Shares of NYSE SXT traded up $0.71 during midday trading on Friday, reaching $70.35. The company's stock had a trading volume of 271,131 shares, compared to its average volume of 219,308. The stock has a 50 day simple moving average of $68.02 and a 200-day simple moving average of $63.22. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 31.69 and a beta of 0.79. The company has a current ratio of 3.96, a quick ratio of 1.43 and a debt-to-equity ratio of 0.61. Sensient Technologies has a fifty-two week low of $52.90 and a fifty-two week high of $78.70.

Sensient Technologies (NYSE:SXT - Get Free Report) last issued its quarterly earnings results on Friday, February 9th. The specialty chemicals company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.04). Sensient Technologies had a net margin of 6.41% and a return on equity of 11.52%. The company had revenue of $349.30 million during the quarter, compared to analyst estimates of $371.10 million. During the same period in the previous year, the company posted $0.64 EPS. The company's quarterly revenue was up .2% on a year-over-year basis. Equities research analysts predict that Sensient Technologies will post 2.95 earnings per share for the current year.

About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.