Sensata Technologies (NYSE:ST) Issues Earnings Results, Beats Estimates By $0.03 EPS

Sensata Technologies (NYSE:ST) issued its quarterly earnings data on Monday. The scientific and technical instruments company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03, Briefing.com reports. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $986.51 million. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 EPS. Sensata Technologies updated its Q2 guidance to $0.89-0.95 EPS and its Q2 2024 guidance to 0.890-0.950 EPS.

Sensata Technologies Trading Up 1.8 %

NYSE:ST opened at $38.99 on Thursday. The company has a quick ratio of 1.69, a current ratio of 2.64 and a debt-to-equity ratio of 1.14. Sensata Technologies has a 1-year low of $30.56 and a 1-year high of $47.41. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of -354.42, a price-to-earnings-growth ratio of 0.93 and a beta of 1.32. The stock has a fifty day simple moving average of $35.28 and a 200 day simple moving average of $34.69.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a $0.12 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.23%. Sensata Technologies’s dividend payout ratio (DPR) is -436.32%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Jefferies Financial Group assumed coverage on Sensata Technologies in a research note on Tuesday, April 9th. They set a “hold” rating and a $40.00 price objective for the company. Evercore ISI increased their price target on Sensata Technologies from $36.00 to $44.00 and gave the stock an “in-line” rating in a research note on Tuesday. Stifel Nicolaus increased their price target on Sensata Technologies from $36.00 to $43.00 and gave the stock a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. cut Sensata Technologies from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $37.00 to $34.00 in a research note on Monday, January 8th. Finally, Robert W. Baird increased their price target on Sensata Technologies from $37.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Sensata Technologies presently has a consensus rating of “Hold” and a consensus price target of $42.00.

Sensata Technologies Company Profile

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.