Sensata Technologies (NYSE:ST) Releases Q3 2024 Earnings Guidance

Sensata Technologies (NYSE:ST) updated its third quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.820-0.880 for the period, compared to the consensus estimate of 0.940. The company issued revenue guidance of $970.0 million-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Sensata Technologies also updated its Q3 guidance to $0.82-0.88 EPS.

Wall Street Analyst Weigh In

ST has been the topic of several research analyst reports. The Goldman Sachs Group reissued a neutral rating and issued a $36.00 target price (down from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. Vertical Research started coverage on shares of Sensata Technologies in a research note on Tuesday, July 23rd. They set a buy rating and a $55.00 price objective on the stock. Bank of America reduced their price target on Sensata Technologies from $44.00 to $41.00 and set a neutral rating for the company in a report on Tuesday. Robert W. Baird raised their price objective on shares of Sensata Technologies from $37.00 to $47.00 and gave the stock a neutral rating in a report on Tuesday, April 30th. Finally, Jefferies Financial Group began coverage on Sensata Technologies in a research report on Tuesday, April 9th. They set a hold rating and a $40.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $44.40.

Sensata Technologies Price Performance

Sensata Technologies stock traded down $0.16 on Tuesday, reaching $37.74. The company’s stock had a trading volume of 1,522,140 shares, compared to its average volume of 2,123,548. Sensata Technologies has a twelve month low of $30.56 and a twelve month high of $43.14. The company has a market cap of $5.68 billion, a price-to-earnings ratio of -344.70, a PEG ratio of 1.10 and a beta of 1.26. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.74 and a current ratio of 2.64. The business’s fifty day moving average price is $39.40 and its 200 day moving average price is $37.19.

Sensata Technologies (NYSE:ST) last released its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates of $0.93. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 EPS. Equities analysts expect that Sensata Technologies will post 3.75 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Wednesday, August 14th. Sensata Technologies’s payout ratio is presently -436.32%.

Insiders Place Their Bets

In other Sensata Technologies news, Director Ali John Mirshekari acquired 73,137 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average price of $39.17 per share, for a total transaction of $2,864,776.29. Following the completion of the purchase, the director now directly owns 73,137 shares of the company’s stock, valued at $2,864,776.29. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

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.