Sensient Technologies Corporation (SXT) is Downgraded by Gabelli & Co to Hold

Sensient Technologies Corporation (SXT) was Downgraded by Gabelli & Co to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Gabelli & Co advised their investors in a research report released on Jul 25, 2016.

On the company’s financial health, Sensient Technologies Corporation reported $0.77 EPS for the quarter, based on the information available during the earnings call on Oct 21, 2015. Analyst had a consensus estimate of $0.77. The company had revenue of $344.50 million for the quarter, compared to analysts expectations of $344.40 million. The company’s revenue was down -5.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.72 EPS.

Sensient Technologies Corporation opened for trading at $70.85 and hit $71.47 on the upside on Wednesday, eventually ending the session at $71.19, with a gain of 0.59% or 0.42 points. The heightened volatility saw the trading volume jump to 1,31,452 shares. Company has a market cap of $3,191 M.

In a different news, on Apr 29, 2016, Stephen J Rolfs (Senior VP & CFO) sold 915 shares at $67.83 per share price. According to the SEC, on Feb 10, 2016, Paul Manning (CEO) purchased 1,500 shares at $54.10 per share price. On Nov 19, 2015, Essie Whitelaw (director) sold 1,350 shares at $64.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Sensient Technologies Corporation is a manufacturer and marketer of colors flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems cosmetic and pharmaceutical systems specialty inks and colors and other specialty and fine chemicals. The Company’s customers include international manufacturers. Its products include flavors flavor enhancers and bionutrients; fragrances and aroma chemicals; natural ingredients including dehydrated vegetables and other food ingredients; natural and synthetic food and beverage colors; cosmetic and pharmaceutical colors and ingredients and technical colors specialty inks and colors and specialty dyes and pigments. The Company operates under the following segments: Flavors & Fragrances Group and the Color Group.

Sensient Technologies Corporation

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