Standex International (NYSE:SXI – Get Free Report) announced its quarterly earnings data on Thursday. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.10, Zacks reports. Standex International had a net margin of 11.18% and a return on equity of 14.38%. The business had revenue of $228.25 million for the quarter, compared to analysts’ expectations of $226.47 million. During the same period last year, the firm posted $2.28 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year.
Standex International Trading Up 4.7%
NYSE SXI traded up $13.56 during trading hours on Friday, reaching $300.81. The company’s stock had a trading volume of 101,853 shares, compared to its average volume of 182,188. The firm has a fifty day simple moving average of $304.70 and a 200-day simple moving average of $273.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 2.23. Standex International has a 52 week low of $163.29 and a 52 week high of $363.89. The stock has a market cap of $3.64 billion, a P/E ratio of 36.66, a P/E/G ratio of 3.06 and a beta of 1.03.
Standex International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, August 7th. Standex International’s dividend payout ratio (DPR) is 16.57%.
Hedge Funds Weigh In On Standex International
Analyst Ratings Changes
A number of research firms have recently commented on SXI. Zacks Research raised Standex International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Weiss Ratings raised Standex International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 16th. Finally, DA Davidson reissued a “buy” rating and issued a $323.00 target price on shares of Standex International in a report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $289.67.
Read Our Latest Stock Analysis on SXI
Standex International Company Profile
Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.
With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.
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