Standex International (NYSE:SXI) Announces Earnings Results, Beats Estimates By $0.23 EPS

Standex International (NYSE:SXI) posted its earnings results on Thursday. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.23, Zacks reports. Standex International had a return on equity of 13.18% and a net margin of 10.26%.

Standex International Price Performance

Shares of NYSE SXI opened at $183.10 on Friday. The stock’s 50-day simple moving average is $194.27 and its two-hundred day simple moving average is $185.48. Standex International has a twelve month low of $141.90 and a twelve month high of $212.65. The firm has a market capitalization of $2.21 billion, a P/E ratio of 30.02, a P/E/G ratio of 2.62 and a beta of 1.07. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, February 14th. Standex International’s dividend payout ratio is 20.98%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SXI. Benchmark boosted their price objective on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barrington Research reiterated an “outperform” rating and set a $220.00 price target on shares of Standex International in a research report on Tuesday.

Insider Activity

In other Standex International news, CFO Ademir Sarcevic sold 3,800 shares of Standex International stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $181.64, for a total transaction of $690,232.00. Following the completion of the sale, the chief financial officer now owns 19,686 shares of the company’s stock, valued at $3,575,765.04. The trade was a 16.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas J. Hansen sold 1,661 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $210.41, for a total value of $349,491.01. Following the completion of the transaction, the director now owns 11,431 shares of the company’s stock, valued at $2,405,196.71. The trade was a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,061 shares of company stock worth $1,359,419. 2.10% of the stock is currently owned by insiders.

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.