Sensient Technologies Corp. (NYSE:SXT) posted its quarterly earnings results on Friday. The company reported $0.74 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.02, Analyst Ratings Network.com reports. The company had revenue of $378.80 million for the quarter, compared to the consensus estimate of $381.30 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis.
On the ratings front, analysts at Sidoti downgraded shares of Sensient Technologies Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, July 10th.
Shares of Sensient Technologies Corp. (NYSE: SXT) opened at 43.99 on Friday. Sensient Technologies Corp. has a one year low of $33.13 and a one year high of $44.24. The stock’s 50-day moving average is currently $41.89. The company has a market cap of $2.201 billion and a P/E ratio of 18.76.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 3rd. Investors of record on Thursday, August 8th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.10%.
Sensient Technologies Corporation is a global manufacturer and marketer of colors, flavors and fragrances.