Standex International (SXI) Scheduled to Post Quarterly Earnings on Thursday

Standex International (NYSE:SXI) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Standex International to post earnings of $1.67 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Standex International (NYSE:SXI) last released its quarterly earnings data on Friday, February 2nd. The industrial products company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The business had revenue of $178.40 million during the quarter, compared to analyst estimates of $180.25 million. Standex International had a return on equity of 13.63% and a net margin of 18.80%. The company’s revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the business posted $1.74 EPS. On average, analysts expect Standex International to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Standex International Stock Down 1.9 %

Standex International stock opened at $172.88 on Wednesday. Standex International has a 52 week low of $119.14 and a 52 week high of $184.18. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 2.71 and a beta of 1.03. The business’s 50-day moving average price is $173.63 and its 200 day moving average price is $155.77. The company has a quick ratio of 2.58, a current ratio of 3.34 and a debt-to-equity ratio of 0.24.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors 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 payout ratio is 10.33%.

Insider Activity at Standex International

In other news, Director Barbara Joanne Edwards sold 1,661 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $152.19, for a total transaction of $252,787.59. Following the completion of the transaction, the director now directly owns 4,811 shares of the company’s stock, valued at approximately $732,186.09. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Standex International news, CEO David A. Dunbar sold 5,000 shares of Standex International stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $165.00, for a total value of $825,000.00. Following the transaction, the chief executive officer now directly owns 62,233 shares in the company, valued at approximately $10,268,445. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara Joanne Edwards sold 1,661 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $152.19, for a total transaction of $252,787.59. Following the completion of the transaction, the director now directly owns 4,811 shares in the company, valued at $732,186.09. The disclosure for this sale can be found here. Insiders have sold a total of 18,084 shares of company stock valued at $2,980,448 over the last 90 days. 2.63% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SXI. DA Davidson boosted their price target on Standex International from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. StockNews.com lowered Standex International from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $195.00.

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.