Standex International (NYSE:SXI) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Standex International (NYSE:SXI) released its earnings results on Tuesday. The industrial products company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.05, Briefing.com reports. The company had revenue of $170.50 million for the quarter, compared to analysts’ expectations of $178.94 million. Standex International had a net margin of 10.14% and a return on equity of 13.60%. The firm’s revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.74 EPS.

Standex International Stock Performance

SXI opened at $179.82 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.69 and a current ratio of 3.37. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 2.56 and a beta of 1.03. The company has a fifty day moving average of $175.93 and a 200 day moving average of $172.28. Standex International has a fifty-two week low of $130.04 and a fifty-two week high of $191.18.

Standex International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Standex International’s previous quarterly dividend of $0.30. Standex International’s payout ratio is 20.71%.

Wall Street Analyst Weigh In

Several analysts have recently commented on SXI shares. DA Davidson raised their price objective on shares of Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a research report on Monday, August 5th. StockNews.com upgraded Standex International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Finally, Benchmark restated a “buy” rating and issued a $210.00 price objective on shares of Standex International in a research report on Friday, August 2nd.

About Standex International

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of 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.