Q2 2019 EPS Estimates for Standex Int’l Corp. (SXI) Lowered by William Blair

Standex Int’l Corp. (NYSE:SXI) – Equities research analysts at William Blair lowered their Q2 2019 earnings estimates for Standex Int’l in a research report issued to clients and investors on Tuesday, December 4th. William Blair analyst N. Heymann now expects that the industrial products company will earn $1.15 per share for the quarter, down from their prior forecast of $1.23. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for Standex Int’l’s Q3 2019 earnings at $1.28 EPS, Q4 2019 earnings at $1.71 EPS, FY2019 earnings at $5.35 EPS and FY2020 earnings at $6.50 EPS.

Other research analysts have also recently issued research reports about the company. ValuEngine cut Standex Int’l from a “hold” rating to a “sell” rating in a research note on Monday, October 29th. Zacks Investment Research upgraded Standex Int’l from a “sell” rating to a “hold” rating in a research note on Friday, October 5th. Finally, TheStreet cut Standex Int’l from a “b” rating to a “c+” rating in a research note on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $106.50.

NYSE:SXI opened at $76.29 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.97 and a current ratio of 2.74. Standex Int’l has a one year low of $71.54 and a one year high of $114.20. The stock has a market capitalization of $952.80 million, a P/E ratio of 14.76 and a beta of 1.68.

Standex Int’l (NYSE:SXI) last issued its quarterly earnings data on Monday, October 29th. The industrial products company reported $1.21 EPS for the quarter, missing the Zacks’ consensus estimate of $1.43 by ($0.22). The company had revenue of $193.08 million for the quarter, compared to analyst estimates of $226.20 million. Standex Int’l had a return on equity of 14.52% and a net margin of 4.54%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.23 EPS.

A number of institutional investors have recently made changes to their positions in SXI. BlackRock Inc. increased its holdings in Standex Int’l by 10.2% in the second quarter. BlackRock Inc. now owns 1,847,731 shares of the industrial products company’s stock valued at $188,837,000 after buying an additional 170,292 shares during the last quarter. Walthausen & Co. LLC bought a new stake in Standex Int’l in the third quarter valued at about $11,283,000. Assenagon Asset Management S.A. bought a new stake in Standex Int’l in the third quarter valued at about $6,160,000. Ceredex Value Advisors LLC bought a new stake in Standex Int’l in the third quarter valued at about $3,315,000. Finally, Vanguard Group Inc. increased its holdings in Standex Int’l by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,287,813 shares of the industrial products company’s stock valued at $134,255,000 after buying an additional 28,378 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Thomas D. Debyle sold 2,000 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $110.10, for a total value of $220,200.00. Following the transaction, the vice president now owns 65,343 shares in the company, valued at $7,194,264.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.64% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 27th. Investors of record on Thursday, November 8th were paid a $0.20 dividend. This is a boost from Standex Int’l’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, November 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.05%. Standex Int’l’s payout ratio is 15.47%.

About Standex Int’l

Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.

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