Standex International Corporation (NYSE:SXI) is reporting fourth quarter financial results on Monday 24th August 2020, after market close.
Analysts polled by Thomson Reuters anticipate fourth quarter income of $ 0.47 per share.
Looking ahead, the full year income are expected at $ 3.41 per share on the revenues of $ 654.85 million.
Previous Quarter Performance
Standex International Corporation posted income for the third quarter of $ 0.96 per share, from the revenue of $ 155.47 million. The quarterly earnings expanded 47.69 percent compared with the same quarter last year. Street analysts expected Standex International Corporation to report income of $ 0.90 per share on revenue of $ 153.23 million for the third quarter. The bottom line results beat street analysts by $ 0.06 or 6.67 percent, at the same time, top line results outshined analysts by $ 2.24 million or 1.46 percent.
Stock Performance
Shares of Standex International Corporation traded low $ -0.37 or -0.63 percent on Saturday, reaching $ 58.00 with volume of 40.40 thousand shares. The stock opened down for the day at $ 57.82, after closing the previous day trading at $ 58.37.
According to the previous trading day, closing price of $ 58.37, representing a 55.65 % increase from the 52 week low of $ 37.50 and a 28.55 % decrease over the 52 week high of $ 81.69.
With respect to the key metrics, Standex International Corporation stock has advanced $ 3.27 or 6.00 percent, reaching $ 54.73 during the simple moving average (SMA) period of 200 days. Similarly, the stock has increased $ 1.27 or 2.00 percent, before arriving at $ 56.73 during the SMA50-day period.
The company has a market capital of $ 719.75 million and is part of the Industrials sector and Diversified Industrials industry.
Recent Stock Dividend Announcement
On July 23, 2020, the board of directors authorized quarterly dividend of $ 0.22 per share to holders of record as of the close of business on August 6, 2020, with payment date of August 25, 2020 and ex-dividend date on August 5, 2020.
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. Its Engraving segment provides mold texturizing products and slush molding tools; and roll engraving, hygiene product tooling, low observation vents for stealth aircraft, and process machineries, as well as project management and design, and chemical and laser texturing services to original equipment manufacturers, product designers, tier one suppliers, and toolmakers.
