According to a Fintel report on May 25, 2023, Barrington Research maintained its coverage of Standex International (NYSE:SXI) with an Outperform recommendation.
The average one-year price target for Standex International as of May 11, 2023 is 146.20, with a projected annual revenue of 764MM and a 6.72 non-GAAP EPS.
According to the report, the average price target represents an increase of 5.13% from its latest reported closing price of 139.07.
Standex International also declared a regular quarterly dividend of $0.28 per share ($1.12 annualized) on April 27, 2023. Shareholders of record as of May 10, 2023, received a payment on May 25, 2023.
The current dividend yield is 0.81% with a payout ratio of 0.10.
There are currently 481 funds or institutions reporting positions in Standex International, indicating a bullish outlook for the company according to the put/call ratio of SXI, which is 0.59.
Standex International Corporation is a multi-industry manufacturer in five broad business segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions. The company has operations in the United States, Europe, Canada, Japan, Singapore, Mexico, Brazil, Turkey, South Africa, India, and China.
Key filings for this company.
This article first appeared on Fintel.
The author’s views and opinions are expressed herein and are not necessarily reflective of Nasdaq, Inc.
