Research Analysts Set Expectations for Standex International Co.’s Q3 2024 Earnings (NYSE:SXI)

Standex International Co. (NYSE:SXIFree Report) – Analysts at Barrington Research dropped their Q3 2024 earnings per share (EPS) estimates for Standex International in a report issued on Monday, February 5th. Barrington Research analyst G. Prestopino now expects that the industrial products company will post earnings per share of $1.69 for the quarter, down from their previous forecast of $1.78. The consensus estimate for Standex International’s current full-year earnings is $7.28 per share. Barrington Research also issued estimates for Standex International’s Q4 2024 earnings at $1.86 EPS, FY2024 earnings at $7.07 EPS, Q2 2025 earnings at $1.90 EPS, Q3 2025 earnings at $1.82 EPS, Q4 2025 earnings at $2.04 EPS and FY2025 earnings at $7.59 EPS.

Other research analysts have also recently issued reports about the company. StockNews.com cut Standex International from a “strong-buy” rating to a “buy” rating in a research report on Monday. Benchmark dropped their price objective on Standex International from $205.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, November 6th. Finally, DA Davidson assumed coverage on Standex International in a research note on Wednesday, December 13th. They issued a “buy” rating and a $165.00 price objective for the company. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $177.50.

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Standex International Price Performance

Shares of NYSE SXI opened at $154.75 on Wednesday. The stock’s 50-day moving average is $148.42 and its two-hundred day moving average is $147.52. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.34 and a quick ratio of 2.58. Standex International has a 1-year low of $111.02 and a 1-year high of $168.81. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 2.30 and a beta of 1.00.

Standex International (NYSE:SXIGet Free Report) last posted its quarterly earnings data on Friday, February 2nd. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. Standex International had a return on equity of 13.63% and a net margin of 18.80%. The firm had revenue of $178.40 million for the quarter, compared to the consensus estimate of $180.25 million. During the same quarter in the previous year, the business earned $1.74 EPS. The company’s quarterly revenue was down 5.0% compared to the same quarter last year.

Institutional Trading of Standex International

Hedge funds and other institutional investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. boosted its stake in Standex International by 8.9% in the second quarter. Ameritas Investment Partners Inc. now owns 975 shares of the industrial products company’s stock valued at $138,000 after acquiring an additional 80 shares during the period. Swiss National Bank boosted its stake in Standex International by 0.4% in the second quarter. Swiss National Bank now owns 26,000 shares of the industrial products company’s stock valued at $3,678,000 after acquiring an additional 100 shares during the period. Atria Wealth Solutions Inc. boosted its stake in Standex International by 3.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 3,175 shares of the industrial products company’s stock valued at $503,000 after acquiring an additional 108 shares during the period. HighTower Advisors LLC boosted its stake in Standex International by 7.5% in the third quarter. HighTower Advisors LLC now owns 1,673 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 116 shares during the period. Finally, Legato Capital Management LLC boosted its stake in Standex International by 3.0% in the second quarter. Legato Capital Management LLC now owns 4,248 shares of the industrial products company’s stock valued at $601,000 after acquiring an additional 124 shares during the period. 88.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Standex International

In related news, CFO Ademir Sarcevic sold 2,000 shares of Standex International stock in a transaction on Monday, November 13th. The stock was sold at an average price of $134.13, for a total value of $268,260.00. Following the transaction, the chief financial officer now owns 14,499 shares in the company, valued at $1,944,750.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Standex International news, Director Barbara Joanne Edwards sold 1,661 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $152.19, for a total value of $252,787.59. Following the transaction, the director now directly owns 4,811 shares of the company’s stock, valued at $732,186.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $134.13, for a total value of $268,260.00. Following the completion of the transaction, the chief financial officer now directly owns 14,499 shares in the company, valued at $1,944,750.87. The disclosure for this sale can be found here. 2.28% of the stock is owned by insiders.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Monday, February 12th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Friday, February 9th. Standex International’s payout ratio is currently 10.33%.

About Standex International

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Standex International Corporation, together with subsidiaries, manufactures and sells 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.

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Earnings History and Estimates for Standex International (NYSE:SXI)

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