Sensata Technologies (NYSE:ST) Issues Earnings Results

Sensata Technologies (NYSE:ST) released its earnings results on Monday. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.86, Briefing.com reports. The firm had revenue of $982.80 million for the quarter, compared to analysts’ expectations of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.63%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 earnings per share. Sensata Technologies updated its Q4 guidance to $0.71-0.76 EPS and its Q4 2024 guidance to 0.710-0.760 EPS.

Sensata Technologies Trading Up 6.0 %

ST traded up $1.88 during trading on Wednesday, hitting $33.46. 1,682,867 shares of the stock traded hands, compared to its average volume of 1,866,132. The firm has a market capitalization of $5.05 billion, a P/E ratio of -61.96, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31. The firm has a 50-day moving average of $35.44 and a 200 day moving average of $37.65. Sensata Technologies has a 12-month low of $30.56 and a 12-month high of $43.14.

Sensata Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.48 annualized dividend and a yield of 1.43%. Sensata Technologies’s payout ratio is currently -88.89%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. The Goldman Sachs Group dropped their price target on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. JPMorgan Chase & Co. dropped their price target on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday. UBS Group decreased their target price on shares of Sensata Technologies from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday. Wolfe Research assumed coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Evercore ISI decreased their target price on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Sensata Technologies presently has a consensus rating of “Hold” and a consensus target price of $41.00.

About Sensata Technologies

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.