Sensient Technologies Corporation (SXT) To Go Ex-Dividend on August 3rd

Sensient Technologies Corporation (NYSE:SXT) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Monday, August 3rd will be paid a dividend of 0.41 per share by the specialty chemicals company on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, August 3rd.

Sensient Technologies has increased its dividend by an average of 0.0%per year over the last three years. Sensient Technologies has a payout ratio of 42.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Sensient Technologies to earn $4.65 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 35.3%.

Sensient Technologies Price Performance

Shares of SXT stock opened at $126.78 on Friday. The stock has a 50 day moving average of $116.74 and a two-hundred day moving average of $104.25. The company has a current ratio of 5.01, a quick ratio of 1.97 and a debt-to-equity ratio of 0.63. Sensient Technologies has a 12 month low of $82.60 and a 12 month high of $129.35. The company has a market capitalization of $5.40 billion, a P/E ratio of 37.40 and a beta of 0.78.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings data on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.17. The company had revenue of $462.08 million for the quarter, compared to analyst estimates of $448.84 million. Sensient Technologies had a return on equity of 13.12% and a net margin of 8.71%.Sensient Technologies’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 EPS. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. As a group, equities analysts expect that Sensient Technologies will post 3.9 EPS for the current year.

Wall Street Analysts Forecast Growth

SXT has been the subject of several research reports. Weiss Ratings raised Sensient Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. UBS Group reissued a “buy” rating on shares of Sensient Technologies in a report on Monday, June 22nd. Zacks Research cut shares of Sensient Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Rothschild & Co Redburn initiated coverage on shares of Sensient Technologies in a report on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.00.

About Sensient Technologies

Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.

Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.