Sensata Technologies (NYSE:ST) Announces Quarterly Earnings Results, Hits Expectations

Sensata Technologies (NYSE:ST) released its quarterly earnings data on Monday. The scientific and technical instruments company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93, Briefing.com reports. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.49%. Sensata Technologies’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share. Sensata Technologies updated its Q3 guidance to $0.82-0.88 EPS and its Q3 2024 guidance to 0.820-0.880 EPS.

Sensata Technologies Stock Performance

ST stock opened at $38.12 on Wednesday. The company has a quick ratio of 1.74, 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 $43.14. The company has a fifty day simple moving average of $39.31 and a 200 day simple moving average of $37.21.

Sensata Technologies Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Wednesday, August 14th. Sensata Technologies’s payout ratio is presently -436.32%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Vertical Research assumed 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. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 price target (down previously from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Robert W. Baird raised their price objective on shares of Sensata Technologies from $37.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Bank of America lowered their price objective on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Evercore ISI upgraded shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $44.00 to $60.00 in a research report on Monday, May 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $44.40.

Insider Activity at Sensata Technologies

In other Sensata Technologies news, Director Ali John Mirshekari acquired 73,137 shares of Sensata Technologies stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average price of $39.17 per share, with a total value of $2,864,776.29. Following the purchase, the director now owns 73,137 shares in the company, valued at $2,864,776.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

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.