Standex International (SXI) to Release Quarterly Earnings on Thursday

Standex International (NYSE:SXI) will likely be announcing its earnings results 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. Investors interested in listening to the company’s conference call can do so using this link.

Standex International (NYSE:SXI) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.05. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The firm had revenue of $170.50 million during the quarter, compared to analysts’ expectations of $178.94 million. During the same quarter last year, the company posted $1.74 earnings per share. The firm’s revenue was down 7.7% compared to the same quarter last year. 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 Performance

NYSE:SXI traded up $0.24 during mid-day trading on Tuesday, hitting $187.32. The company’s stock had a trading volume of 16,680 shares, compared to its average volume of 46,473. The business’s fifty day moving average is $195.61 and its two-hundred day moving average is $185.38. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 2.72 and a beta of 1.07. Standex International has a 1 year low of $141.90 and a 1 year high of $212.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83.

Standex International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.68%. Standex International’s payout ratio is 20.98%.

Insider Buying and Selling at Standex International

In related news, CFO Ademir Sarcevic sold 1,600 shares of Standex International stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total value of $319,696.00. Following the sale, the chief financial officer now directly owns 18,086 shares in the company, valued at approximately $3,613,763.66. The trade was a 8.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Hansen sold 1,661 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $210.41, for a total value of $349,491.01. Following the sale, the director now owns 11,431 shares of the company’s stock, valued at approximately $2,405,196.71. This trade represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,061 shares of company stock valued at $1,359,419. Company insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SXI has been the subject of a number of analyst reports. Barrington Research reissued an “outperform” rating and issued a $220.00 price target on shares of Standex International in a report on Tuesday. Benchmark boosted their target price on shares of Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th.

About Standex International

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.