Standex International (SXI) to Release Quarterly Earnings on Thursday

Standex International (NYSE:SXI) will likely be issuing its quarterly earnings data 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

Standex International (NYSE:SXI) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.05. Standex International had a return on equity of 13.18% and a net margin of 10.26%. The company had revenue of $170.50 million for the quarter, compared to analysts’ expectations of $178.94 million. During the same period last year, the firm earned $1.74 EPS. Standex International’s revenue for the quarter 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. 16,680 shares of the company traded hands, compared to its average volume of 46,473. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average price is $195.61 and its 200-day moving average price is $185.38. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07. Standex International has a one year low of $141.90 and a one year high of $212.65.

Standex International Announces Dividend

The company also recently disclosed 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 is Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.68%. Standex International’s dividend payout ratio (DPR) is presently 20.98%.

Wall Street Analysts Forecast Growth

SXI has been the topic of several research analyst reports. Benchmark boosted their target price on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barrington Research restated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research report on Tuesday.

Insider Activity at Standex International

In other Standex International news, Director Thomas J. Hansen sold 1,661 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.41, for a total transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ademir Sarcevic sold 3,800 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $181.64, for a total value of $690,232.00. Following the completion of the transaction, the chief financial officer now directly owns 19,686 shares of the company’s stock, valued at approximately $3,575,765.04. The trade was a 16.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,061 shares of company stock worth $1,359,419. Company insiders own 2.10% of the company’s stock.

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.