Standex International (NYSE:SXI) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Standex International (NYSE:SXI) announced its quarterly earnings data on Tuesday. The industrial products company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.05, Briefing.com reports. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The company had revenue of $170.50 million during the quarter, compared to the consensus estimate of $178.94 million. During the same quarter last year, the firm posted $1.74 EPS. The company’s quarterly revenue was down 7.7% on a year-over-year basis.

Standex International Stock Up 1.2 %

NYSE:SXI traded up $2.28 on Friday, hitting $186.16. The stock had a trading volume of 2,367 shares, compared to its average volume of 56,555. Standex International has a 52 week low of $130.04 and a 52 week high of $191.18. The business’s fifty day moving average is $176.42 and its 200 day moving average is $172.47. The company has a quick ratio of 2.69, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.22 billion, a PE ratio of 30.14, a P/E/G ratio of 2.74 and a beta of 1.03.

Standex International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from Standex International’s previous quarterly dividend of $0.30. Standex International’s dividend payout ratio is 19.67%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SXI. StockNews.com raised Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Benchmark increased their price objective on shares of Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday. DA Davidson increased their price objective on shares of Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Barrington Research reiterated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research report on Wednesday.

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.