Standex International (NYSE:SXI) Posts Quarterly Earnings Results, Beats Expectations By $0.23 EPS

Standex International (NYSE:SXI) released its quarterly earnings data on Thursday. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.23, Zacks reports. Standex International had a net margin of 10.26% and a return on equity of 13.18%.

Standex International Stock Performance

SXI opened at $183.10 on Friday. Standex International has a 1-year low of $141.90 and a 1-year high of $212.65. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 2.62 and a beta of 1.07. The company’s fifty day moving average price is $194.27 and its two-hundred day moving average price is $185.48. The company has a current ratio of 3.55, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, February 14th. Standex International’s dividend payout ratio is currently 20.98%.

Analyst Ratings Changes

Several research analysts have recently issued reports on SXI shares. Benchmark upped their price objective on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barrington Research reissued an “outperform” rating and set a $220.00 target price on shares of Standex International in a report on Tuesday.

Insider Buying and Selling

In other news, CFO Ademir Sarcevic sold 1,600 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $199.81, for a total value of $319,696.00. Following the completion of the sale, the chief financial officer now owns 18,086 shares in the company, valued at $3,613,763.66. This represents a 8.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas J. Hansen sold 1,661 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $210.41, for a total transaction of $349,491.01. Following the transaction, the director now owns 11,431 shares in the company, 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. Insiders have sold 7,061 shares of company stock worth $1,359,419 in the last quarter. Insiders own 2.10% of the company’s stock.

Standex International Company Profile

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.