Sensata Technologies (NYSE:ST) Posts Quarterly Earnings Results, Meets Estimates

Sensata Technologies (NYSE:ST) announced its quarterly earnings data on Monday. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93, Briefing.com reports. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Sensata Technologies had a return on equity of 17.49% and a net margin of 0.21%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. 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 Price Performance

ST stock traded up $0.82 on Wednesday, reaching $38.99. 2,324,080 shares of the company’s stock were exchanged, compared to its average volume of 2,139,125. The stock has a fifty day moving average of $39.31 and a 200-day moving average of $37.21. The company has a quick ratio of 1.74, a current ratio of 2.64 and a debt-to-equity ratio of 1.14. The firm has a market cap of $5.87 billion, a PE ratio of -354.42, a P/E/G ratio of 1.09 and a beta of 1.26. Sensata Technologies has a twelve month low of $30.56 and a twelve month high of $43.14.

Sensata Technologies Announces Dividend

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 issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Wednesday, August 14th. Sensata Technologies’s dividend payout ratio is presently -436.32%.

Insiders Place Their Bets

In related news, Director Ali John Mirshekari acquired 73,137 shares of Sensata Technologies stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average cost of $39.17 per share, for a total transaction of $2,864,776.29. Following the completion of the transaction, 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 legal filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on ST shares. Evercore ISI raised 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. Oppenheimer cut their price target on Sensata Technologies from $50.00 to $47.00 and set an “outperform” rating on the stock in a research report on Wednesday. Stifel Nicolaus boosted their target price on Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Vertical Research initiated coverage on Sensata Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 target price on the stock. Finally, Jefferies Financial Group initiated coverage on Sensata Technologies in a report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $44.10.

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.