According to Zacks, “Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors and fragrances. Sensient employ advanced technologies to develop specialty food and beverage systems, cosmetic ingredients, pharmaceutical excipients, inkjet and specialty inks and colors, and other specialty and fine chemicals. Sensient uses advanced proprietary technologies to produce a broad range of innovative products. Sensient is a global developer, manufacturer and supplier of flavor and fragrance systems for the food, beverage, personal care and household-products industries. Sensient is a developer, manufacturer and supplier of colors for businesses worldwide. Sensient provides natural and synthetic color systems for use in foods, beverages and pharmaceuticals; colors and other ingredients for cosmetics, such as active ingredients, solubilizers and surface treated pigments; pharmaceutical excipients, such as colors, flavors and coatings; specialty inks; and technical colors for industrial applications. “
Separately, TheStreet raised shares of Sensient Technologies from a “c+” rating to a “b-” rating in a research note on Tuesday, June 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $75.00.
SXT stock traded down $0.14 during midday trading on Thursday, hitting $65.22. The stock had a trading volume of 7,345 shares, compared to its average volume of 304,071. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 18.45 and a beta of 1.02. The company has a current ratio of 4.17, a quick ratio of 1.80 and a debt-to-equity ratio of 0.73. Sensient Technologies has a 12-month low of $51.93 and a 12-month high of $78.40. The business has a 50-day moving average price of $69.96.
Sensient Technologies (NYSE:SXT) last released its earnings results on Friday, July 19th. The specialty chemicals company reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.01). Sensient Technologies had a return on equity of 16.15% and a net margin of 10.87%. The firm had revenue of $339.20 million during the quarter, compared to analysts’ expectations of $361.20 million. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue was down 6.6% on a year-over-year basis. On average, equities research analysts anticipate that Sensient Technologies will post 3.2 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of SXT. Dimensional Fund Advisors LP lifted its holdings in shares of Sensient Technologies by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,145,972 shares of the specialty chemicals company’s stock valued at $64,003,000 after acquiring an additional 19,577 shares in the last quarter. Millennium Management LLC lifted its holdings in Sensient Technologies by 171.5% in the 4th quarter. Millennium Management LLC now owns 17,846 shares of the specialty chemicals company’s stock worth $997,000 after buying an additional 11,274 shares in the last quarter. Norges Bank acquired a new position in Sensient Technologies in the 4th quarter worth $18,749,000. Retirement Systems of Alabama lifted its holdings in Sensient Technologies by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 55,056 shares of the specialty chemicals company’s stock worth $3,732,000 after buying an additional 243 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Sensient Technologies by 24.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,119 shares of the specialty chemicals company’s stock worth $211,000 after buying an additional 617 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.
About Sensient Technologies
Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and fragrances in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group.
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