Sensata Technologies (NYSE:ST) Announces Quarterly Earnings Results

Sensata Technologies (NYSE:ST) issued its earnings results on Monday. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.03, Briefing.com reports. Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $986.51 million. During the same period in the prior year, the firm posted $0.92 EPS. The business’s revenue was up .9% compared to the same quarter last year. 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 Price Performance

Shares of ST stock opened at $35.68 on Tuesday. The stock has a 50 day moving average of $35.10 and a two-hundred day moving average of $34.65. The company has a current ratio of 2.55, a quick ratio of 1.69 and a debt-to-equity ratio of 1.13. Sensata Technologies has a 12 month low of $30.56 and a 12 month high of $47.41. The company has a market capitalization of $5.37 billion, a P/E ratio of -713.46, a P/E/G ratio of 0.85 and a beta of 1.37.

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.35%. Sensata Technologies’s dividend payout ratio is currently -959.81%.

Analyst Ratings Changes

A number of brokerages have recently commented on ST. Jefferies Financial Group began coverage on Sensata Technologies in a report on Tuesday, April 9th. They set a “hold” rating and a $40.00 price objective on the stock. Oppenheimer raised Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Tuesday, January 30th. Stifel Nicolaus raised their target price on Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a report on Tuesday. Bank of America lowered Sensata Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $46.00 to $38.00 in a report on Wednesday, February 7th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $36.00 target price (down previously from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $40.13.

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.