Standex International (NYSE:SXI) Issues Earnings Results, Misses Expectations By $0.06 EPS

Standex International (NYSE:SXI) released its quarterly earnings data on Thursday. The industrial products company reported $1.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.06), Briefing.com reports. Standex International had a return on equity of 13.72% and a net margin of 10.11%. The business had revenue of $180.19 million during the quarter, compared to analysts’ expectations of $181.35 million. During the same period last year, the company earned $1.76 earnings per share. The firm’s revenue was down 4.3% compared to the same quarter last year.

Standex International Stock Performance

Shares of NYSE:SXI traded down $6.22 during trading on Thursday, hitting $180.58. 56,614 shares of the stock traded hands, compared to its average volume of 62,923. The company has a quick ratio of 2.65, a current ratio of 3.43 and a debt-to-equity ratio of 0.24. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 2.64 and a beta of 1.04. The company has a fifty day moving average price of $169.05 and a two-hundred day moving average price of $168.22. Standex International has a 52-week low of $130.04 and a 52-week high of $191.18.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Friday, August 9th. Standex International’s dividend payout ratio (DPR) is 19.42%.

Wall Street Analyst Weigh In

Several research firms have commented on SXI. DA Davidson increased their price target on shares of Standex International from $200.00 to $203.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Benchmark reissued a “buy” rating and set a $190.00 price target on shares of Standex International in a research report on Friday, May 3rd. Finally, Barrington Research reissued an “outperform” rating and set a $180.00 price target on shares of Standex International in a research report on Tuesday, May 28th.

Insider Activity

In other news, Director Charles H. Cannon, Jr. sold 2,460 shares of Standex International stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $178.02, for a total transaction of $437,929.20. Following the completion of the transaction, the director now directly owns 862 shares of the company’s stock, valued at approximately $153,453.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.28% of the company’s stock.

About Standex International

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.