Sensata Technologies (NYSE:ST) Updates Q4 Earnings Guidance

Sensata Technologies (NYSE:STGet Free Report) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.71-0.76 for the period, compared to the consensus earnings per share estimate of $0.85. The company issued revenue guidance of $870-900 million, compared to the consensus revenue estimate of $957.61 million. Sensata Technologies also updated its Q4 2024 guidance to 0.710-0.760 EPS.

Sensata Technologies Trading Up 5.5 %

Shares of NYSE ST traded up $1.75 during trading on Wednesday, reaching $33.33. The stock had a trading volume of 609,856 shares, compared to its average volume of 1,861,142. Sensata Technologies has a fifty-two week low of $30.56 and a fifty-two week high of $43.14. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.31 and a current ratio of 1.77. The business’s 50-day moving average price is $35.52 and its 200-day moving average price is $37.68. The company has a market cap of $5.03 billion, a P/E ratio of -58.46, a PEG ratio of 1.33 and a beta of 1.25.

Sensata Technologies (NYSE:STGet Free Report) last issued its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.86. Sensata Technologies had a positive return on equity of 17.63% and a negative net margin of 1.98%. The business had revenue of $982.80 million during the quarter, compared to analysts’ expectations of $983.93 million. During the same period in the previous year, the firm posted $0.91 earnings per share. The company’s revenue was down 1.8% on a year-over-year basis. On average, equities research analysts predict that Sensata Technologies will post 3.55 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 annualized dividend and a yield of 1.44%. Sensata Technologies’s payout ratio is -88.89%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Bank of America lowered their price objective on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. JPMorgan Chase & Co. reduced their target price on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a report on Tuesday. Wolfe Research initiated coverage on Sensata Technologies in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Evercore ISI reduced their target price on Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. Finally, Vertical Research started coverage on Sensata Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 target price for the company. One investment 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.80.

Get Our Latest Analysis on ST

About Sensata Technologies

(Get Free Report)

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.

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