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

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

Shares of Sensata Technologies stock traded up $1.88 during trading hours on Wednesday, hitting $33.46. The company’s stock had a trading volume of 1,682,867 shares, compared to its average volume of 1,866,132. The business has a 50 day moving average price of $35.44 and a two-hundred day moving average price of $37.65. Sensata Technologies has a 12-month low of $30.56 and a 12-month high of $43.14. The company has a market cap of $5.05 billion, a PE ratio of -61.96, a PEG ratio of 1.33 and a beta of 1.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.31 and a current ratio of 1.77.

Sensata Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $0.12 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. Sensata Technologies’s payout ratio is -88.89%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ST. The Goldman Sachs Group cut their price objective on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Stifel Nicolaus cut their price target on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday. TD Cowen reduced their price target on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday. Robert W. Baird lowered their price objective 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 objective on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $41.00.

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.