Sensient Technologies (NYSE:SXT) Releases Earnings Results, Beats Expectations By $0.06 EPS

Key Points

• Sensient Technologies reported quarterly earnings of $0.94 per share, exceeding estimates of $0.88, with revenue of $414.23 million for the quarter.
• The company declared a quarterly dividend of $0.41, which will be paid on September 2nd, representing a 1.44% yield.
• Sensient Technologies updated its fiscal year 2025 guidance to an earnings per share range of 3.130-3.230.

Sensient Technologies (NYSE:SXT - Get Free Report) announced its quarterly earnings results on Friday. The specialty chemicals company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.06, Zacks reports. The company had revenue of $414.23 million during the quarter, compared to analysts' expectations of $417.60 million. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%. The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 earnings per share. Sensient Technologies updated its FY 2025 guidance to 3.130-3.230 EPS.

Sensient Technologies Stock Up 0.1%

Sensient Technologies stock traded up $0.08 during midday trading on Wednesday, hitting $111.48. 354,961 shares of the stock were exchanged, compared to its average volume of 353,489. Sensient Technologies has a 52-week low of $66.14 and a 52-week high of $114.59. The business's 50-day moving average price is $101.23 and its 200-day moving average price is $85.66. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 35.17 and a beta of 0.56. The company has a quick ratio of 1.78, a current ratio of 4.25 and a debt-to-equity ratio of 0.61.

Sensient Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Monday, August 4th. Sensient Technologies's payout ratio is presently 51.74%.

Insider Buying and Selling at Sensient Technologies

In related news, Director Mario Ferruzzi sold 1,668 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $95.45, for a total value of $159,210.60. Following the completion of the transaction, the director directly owned 7,946 shares of the company's stock, valued at approximately $758,445.70. This trade represents a 17.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Institutional Trading of Sensient Technologies

Several institutional investors and hedge funds have recently bought and sold shares of SXT. Royal Bank of Canada boosted its stake in shares of Sensient Technologies by 19.3% during the 1st quarter. Royal Bank of Canada now owns 4,952 shares of the specialty chemicals company's stock valued at $369,000 after purchasing an additional 802 shares in the last quarter. AQR Capital Management LLC lifted its position in Sensient Technologies by 103.2% during the 1st quarter. AQR Capital Management LLC now owns 8,852 shares of the specialty chemicals company's stock valued at $647,000 after acquiring an additional 4,496 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Sensient Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,091 shares of the specialty chemicals company's stock valued at $1,868,000 after acquiring an additional 1,107 shares during the period. Millennium Management LLC lifted its position in Sensient Technologies by 112.1% during the 1st quarter. Millennium Management LLC now owns 115,042 shares of the specialty chemicals company's stock valued at $8,563,000 after acquiring an additional 60,807 shares during the period. Finally, United Services Automobile Association purchased a new position in Sensient Technologies in the first quarter worth about $201,000. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SXT. Robert W. Baird upped their price objective on Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. CJS Securities initiated coverage on shares of Sensient Technologies in a research report on Tuesday, June 10th. They set a "market perform" rating and a $95.00 target price for the company.

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.