Sensient Technologies Corporation (NYSE:SXT) is expected to report third quarter earnings results, before market open, on Friday 16th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.68 per share.
Looking ahead, the full year income are expected at $ 2.71 per share on the revenues of $ 1300.53 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.60 ~ $ 2.80 per share
Click Here For More Historical Outlooks Of Sensient Technologies Corporation
Previous Quarter Performance
Sensient Technologies Corporation recorded income for the second quarter of $ 0.70 per share, from the revenue of $ 323.09 million. The quarterly earnings reduced 13.58 percent compared with the same quarter last year. Street analysts expected Sensient Technologies Corporation to report income of $ 0.68 per share on revenue of $ 311.79 million for the second quarter. The bottom line results beat street analysts by $ 0.02 or 2.94 percent, at the same time, top line results outshined analysts by $ 11.30 million or 3.62 percent.
Stock Performance
Shares of Sensient Technologies Corporation traded low $ -1.47 or -2.27 percent on Thursday, reaching $ 63.38 with volume of 513.70 thousand shares. Sensient Technologies Corporation has traded high as $ 64.40 and has cracked $ 63.26 on the downward trend
According to the previous trading day, closing price of $ 63.38, representing a 69.59 % increase from the 52 week low of $ 38.24 and a 3.05 % decrease over the 52 week high of $ 66.89.
The company has a market capital of $ 2.68 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.39 per share on July 16, 2020. The dividend were payable on September 1, 2020 to holders of record as of the close of business on August 3, 2020 and ex-dividend date on July 31, 2020.
Conference Call
Sensient Technologies Corporation will be hosting a conference call at 9:30 AM eastern time on 16th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sensient.com
Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and fragrances in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.
