Standex International (SXI) to Release Quarterly Earnings on Thursday

Standex International (NYSE:SXI) will be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Standex International to post earnings of $1.67 per share for the quarter.

Standex International (NYSE:SXI) last issued its earnings results on Friday, February 2nd. The industrial products company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. Standex International had a net margin of 18.80% and a return on equity of 13.63%. The company had revenue of $178.40 million for the quarter, compared to the consensus estimate of $180.25 million. During the same period in the previous year, the firm earned $1.74 earnings per share. Standex International’s quarterly revenue was down 5.0% 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 Trading Up 0.7 %

Shares of NYSE SXI traded up $1.21 during midday trading on Friday, reaching $172.81. 39,545 shares of the stock were exchanged, compared to its average volume of 52,563. The stock has a market capitalization of $2.05 billion, a P/E ratio of 14.87, a PEG ratio of 2.64 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.58 and a current ratio of 3.34. The company has a 50 day simple moving average of $173.37 and a 200 day simple moving average of $155.54. Standex International has a twelve month low of $117.72 and a twelve month high of $184.18.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.20 annualized dividend and a yield of 0.69%. Standex International’s dividend payout ratio (DPR) is 10.33%.

Insider Activity

In related news, Director Barbara Joanne Edwards sold 275 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $159.82, for a total transaction of $43,950.50. Following the transaction, the director now owns 4,536 shares of the company’s stock, valued at approximately $724,943.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Barbara Joanne Edwards sold 275 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $159.82, for a total value of $43,950.50. Following the completion of the transaction, the director now owns 4,536 shares of the company’s stock, valued at $724,943.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David A. Dunbar sold 5,000 shares of Standex International stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $165.00, for a total transaction of $825,000.00. Following the completion of the transaction, the chief executive officer now owns 62,233 shares of the company’s stock, valued at approximately $10,268,445. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,084 shares of company stock valued at $2,980,448. 2.28% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SXI. StockNews.com cut Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. DA Davidson lifted their price target on shares of Standex International from $165.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $195.00.

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.