Standex International (NYSE:SXI) Issues Earnings Results, Beats Estimates By $0.04 EPS

Standex International (NYSE:SXI) announced its quarterly earnings results on Thursday. The industrial products company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.04, Briefing.com reports. The company had revenue of $180.19 million during the quarter, compared to analyst estimates of $181.35 million. Standex International had a return on equity of 13.72% and a net margin of 10.11%. The firm’s revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.76 earnings per share.

Standex International Price Performance

NYSE:SXI opened at $180.58 on Friday. Standex International has a 12 month low of $130.04 and a 12 month high of $191.18. The stock has a 50 day moving average of $169.05 and a two-hundred day moving average of $168.22. The company has a current ratio of 3.43, a quick ratio of 2.65 and a debt-to-equity ratio of 0.24. The firm has a market cap of $2.12 billion, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 2.68 and a beta of 1.04.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.20 annualized dividend and a dividend yield of 0.66%. Standex International’s dividend payout ratio is presently 19.42%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

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

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.