Standex International (SXI) to Release Earnings on Thursday

Standex International (NYSE:SXI) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, August 1st. Analysts expect Standex International to post earnings of $1.82 per share for the quarter.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.08. Standex International had a return on equity of 13.72% and a net margin of 10.11%. The firm had revenue of $177.30 million for the quarter, compared to analysts’ expectations of $180.06 million. During the same period in the previous year, the firm posted $1.65 EPS. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, analysts expect Standex International to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Standex International Price Performance

Shares of NYSE SXI opened at $186.87 on Friday. Standex International has a twelve month low of $130.04 and a twelve month high of $191.18. The firm has a market cap of $2.19 billion, a P/E ratio of 30.24, a PEG ratio of 2.61 and a beta of 1.04. The company has a 50 day moving average of $168.01 and a 200 day moving average of $167.11. The company has a quick ratio of 2.65, a current ratio of 3.43 and a debt-to-equity ratio of 0.24.

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.20 dividend on an annualized basis and a yield of 0.64%. Standex International’s payout ratio is currently 19.42%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. DA Davidson boosted their price objective on shares of Standex International from $200.00 to $203.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Benchmark restated a “buy” rating and issued a $190.00 price objective on shares of Standex International in a report on Friday, May 3rd. Finally, Barrington Research reiterated an “outperform” rating and set a $180.00 target price on shares of Standex International in a research note on Tuesday, May 28th.

Insider Buying and Selling at Standex International

In other Standex International news, Director Charles H. Cannon, Jr. sold 2,460 shares of the business’s stock in a transaction 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 sale, the director now directly owns 862 shares in the company, valued at approximately $153,453.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Company 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.