Brokerages expect Standex Int’l Corp. (NYSE:SXI) to report sales of $224.65 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Standex Int’l’s earnings, with estimates ranging from $223.90 million to $225.39 million. Standex Int’l posted sales of $214.38 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.8%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, November 7th.
On average, analysts expect that Standex Int’l will report full-year sales of $934.17 million for the current year, with estimates ranging from $919.84 million to $948.50 million. For the next financial year, analysts forecast that the company will report sales of $982.65 million per share, with estimates ranging from $958.50 million to $1.01 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Standex Int’l.
Standex Int’l (NYSE:SXI) last issued its quarterly earnings results on Tuesday, August 28th. The industrial products company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.01. The company had revenue of $227.51 million for the quarter, compared to analyst estimates of $232.73 million. Standex Int’l had a net margin of 4.21% and a return on equity of 15.19%. Standex Int’l’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.40 earnings per share.
In related news, VP Thomas D. Debyle sold 2,000 shares of the business’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $110.10, for a total value of $220,200.00. Following the transaction, the vice president now owns 65,343 shares in the company, valued at $7,194,264.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.64% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in SXI. SG Americas Securities LLC acquired a new position in Standex Int’l in the first quarter valued at $123,000. Ramsey Quantitative Systems lifted its holdings in Standex Int’l by 135.6% in the second quarter. Ramsey Quantitative Systems now owns 1,237 shares of the industrial products company’s stock valued at $126,000 after buying an additional 712 shares during the period. Profund Advisors LLC bought a new stake in Standex Int’l in the first quarter valued at $204,000. Amalgamated Bank bought a new stake in Standex Int’l in the second quarter valued at $208,000. Finally, Advisors Asset Management Inc. increased its stake in Standex Int’l by 233.1% in the second quarter. Advisors Asset Management Inc. now owns 10,794 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 7,554 shares in the last quarter. Institutional investors and hedge funds own 87.07% of the company’s stock.
Shares of NYSE:SXI traded down $0.15 during mid-day trading on Tuesday, reaching $110.30. 28,863 shares of the company’s stock were exchanged, compared to its average volume of 41,257. The firm has a market cap of $1.40 billion, a PE ratio of 21.33 and a beta of 1.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.59 and a current ratio of 2.38. Standex Int’l has a twelve month low of $89.40 and a twelve month high of $114.20.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 24th. Stockholders of record on Thursday, August 9th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, August 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.65%. Standex Int’l’s dividend payout ratio (DPR) is presently 13.93%.
Standex Int’l Company Profile
Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.
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