STANDEX INTERNATIONAL CORP/DE/
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Standex International (NYSE: SXI) announced its Q2 earnings, beating estimated EPS by 5.0% with a reported EPS of $2.08 against an estimate of $1.99. The company's revenue increased by $31.51 million compared to the same period last year. This performance follows a previous quarter where the company also beat EPS estimates, though its share price subsequently dropped.
Allspring Global Investments Holdings LLC has increased its stake in Standex International Corporation by 1.9%, now owning 245,244 shares valued at over $51 million. This comes after Standex International beat Q3 earnings expectations and raised its quarterly dividend. The company maintains a "Moderate Buy" rating from analysts with an average target price of $264.00.
Here is how O-I Glass (OI) and Standex International (SXI) have performed compared to their sector so far this year.
