Standex International Co. (NYSE:SXI) to Post FY2024 Earnings of $7.00 Per Share, William Blair Forecasts

Standex International Co. (NYSE:SXI) – Analysts at William Blair dropped their FY2024 EPS estimates for Standex International in a report issued on Monday, May 6th. William Blair analyst R. Sparenblek now forecasts that the industrial products company will post earnings per share of $7.00 for the year, down from their prior estimate of $7.55. The consensus estimate for Standex International’s current full-year earnings is $7.23 per share. William Blair also issued estimates for Standex International’s Q1 2025 earnings at $1.73 EPS, Q2 2025 earnings at $1.99 EPS, Q4 2025 earnings at $2.09 EPS and FY2026 earnings at $9.15 EPS.

Several other analysts have also commented on SXI. Barrington Research restated an “outperform” rating and set a $180.00 price target on shares of Standex International in a research report on Monday. StockNews.com lowered shares of Standex International from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th. Benchmark reaffirmed a “buy” rating and issued a $190.00 target price on shares of Standex International in a report on Friday, May 3rd. Finally, DA Davidson increased their target price on shares of Standex International from $200.00 to $203.00 and gave the company a “buy” rating in a research report on Tuesday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Standex International has an average rating of “Buy” and a consensus price target of $191.00.

Standex International Price Performance

Shares of NYSE SXI opened at $166.69 on Tuesday. The business’s 50 day moving average price is $174.64 and its 200 day moving average price is $156.83. The firm has a market cap of $1.98 billion, a P/E ratio of 26.97, a P/E/G ratio of 2.69 and a beta of 1.06. The company has a quick ratio of 2.65, a current ratio of 3.43 and a debt-to-equity ratio of 0.24. Standex International has a 52 week low of $128.27 and a 52 week high of $184.18.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.08. Standex International had a return on equity of 13.72% and a net margin of 10.11%. The firm had revenue of $177.30 million during the quarter, compared to analysts’ expectations of $180.06 million. During the same quarter last year, the firm earned $1.65 EPS. The business’s quarterly revenue was down 3.8% on a year-over-year basis.

Institutional Trading of Standex International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Handelsbanken Fonder AB increased its position in shares of Standex International by 3.4% during the fourth quarter. Handelsbanken Fonder AB now owns 152,700 shares of the industrial products company’s stock valued at $24,185,000 after purchasing an additional 5,000 shares during the period. Trexquant Investment LP acquired a new stake in Standex International in the third quarter worth $1,690,000. Atria Wealth Solutions Inc. lifted its holdings in shares of Standex International by 3.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 3,175 shares of the industrial products company’s stock valued at $503,000 after purchasing an additional 108 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in Standex International by 267.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 27,102 shares of the industrial products company’s stock valued at $3,948,000 after acquiring an additional 19,724 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Standex International by 37.3% during the third quarter. Envestnet Asset Management Inc. now owns 80,305 shares of the industrial products company’s stock worth $11,700,000 after acquiring an additional 21,831 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insider Activity at Standex International

In other news, Director Thomas J. Hansen sold 2,200 shares of Standex International stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $161.04, for a total transaction of $354,288.00. Following the sale, the director now owns 11,370 shares of the company’s stock, valued at $1,831,024.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Standex International news, VP Alan J. Glass sold 1,619 shares of Standex International stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $152.92, for a total transaction of $247,577.48. Following the transaction, the vice president now owns 19,224 shares of the company’s stock, valued at approximately $2,939,734.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas J. Hansen sold 2,200 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $161.04, for a total value of $354,288.00. Following the completion of the transaction, the director now owns 11,370 shares in the company, valued at approximately $1,831,024.80. The disclosure for this sale can be found here. Insiders have sold 16,423 shares of company stock valued at $2,727,661 over the last ninety days. Corporate insiders own 2.63% of the company’s stock.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, May 9th. Standex International’s payout ratio is 19.42%.

About Standex International

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.