Revenue Update on Sensient Technologies Corporation(NYSE:SXT)

Sensient Technologies Corporation(NYSE:SXT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $360.84M. Analysts estimated a revenue of $348.80M. Earnings per share were $0.84. Analysts had estimated an EPS of $0.79.

Sensient Technologies Corporation (SXT) made into the market gainers list on Wednesdays trading session with the shares advancing 0.59% or 0.42 points. Due to strong positive momentum, the stock ended at $71.19, which is also near the day’s high of $71.47. The stock began the session at $70.85 and the volume stood at 1,31,452 shares. The 52-week high of the shares is $72.53 and the 52 week low is $52.69. The company has a current market capitalization of $3,191 M and it has 4,48,26,769 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Apr 29, 2016, Stephen J Rolfs (Senior VP & CFO) sold 915 shares at $67.83 per share price.Also, 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.

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