Sensata Technologies (NYSE:ST) Posts Earnings Results

Sensata Technologies (NYSE:ST) released its quarterly earnings results on Monday. The scientific and technical instruments company reported $0.86 EPS for the quarter, meeting analysts’ consensus estimates of $0.86, Briefing.com reports. Sensata Technologies had a positive return on equity of 17.63% and a negative net margin of 1.98%. The firm had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. During the same quarter in the previous year, the company posted $0.91 EPS. The business’s revenue was down 1.8% on a year-over-year basis. 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 Stock Performance

Shares of ST opened at $31.57 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. The business’s 50 day moving average price is $35.52 and its 200-day moving average price is $37.68. Sensata Technologies has a 52 week low of $30.56 and a 52 week high of $43.14. The stock has a market cap of $4.77 billion, a P/E ratio of -58.46, a P/E/G ratio of 1.33 and a beta of 1.25.

Sensata Technologies Dividend Announcement

The company also recently disclosed 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 1.52%. Sensata Technologies’s payout ratio is -88.89%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Bank of America cut their target price on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. The Goldman Sachs Group cut their target price on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. JPMorgan Chase & Co. cut their target price on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research report on Tuesday. Robert W. Baird cut their target price on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Truist Financial cut their price target on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Sensata Technologies has a consensus rating of “Hold” and a consensus target price of $40.80.

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.