Sensient Technologies (NYSE: SXT ) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Sensient Technologies met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. Non-GAAP earnings per share increased slightly. GAAP earnings per share dropped.
Margins shrank across the board.
Sensient Technologies reported revenue of $378.8 million. The two analysts polled by S&P Capital IQ expected to see sales of $379.6 million on the same basis. GAAP reported sales were 3.0% higher than the prior-year quarter's $367.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.74. The three earnings estimates compiled by S&P Capital IQ predicted $0.72 per share. Non-GAAP EPS of $0.74 for Q2 were 2.8% higher than the prior-year quarter's $0.72 per share. GAAP EPS of $0.65 for Q2 were 7.1% lower than the prior-year quarter's $0.70 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 32.4%, 20 basis points worse than the prior-year quarter. Operating margin was 14.6%, 20 basis points worse than the prior-year quarter. Net margin was 8.5%, 100 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $387.2 million. On the bottom line, the average EPS estimate is $0.72.
Next year's average estimate for revenue is $1.50 billion. The average EPS estimate is $2.70.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 74 members out of 79 rating the stock outperform, and five members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give Sensient Technologies a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sensient Technologies is hold, with an average price target of $47.00.
Looking for alternatives to Sensient Technologies? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Sensient Technologies to My Watchlist.