Sensata Technologies (NYSE:ST) Releases Quarterly Earnings Results, Hits Estimates

Sensata Technologies (NYSE:ST) issued its earnings results on Monday. The scientific and technical instruments company reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates of $0.93, Briefing.com reports. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. Sensata Technologies’s quarterly revenue was down 2.5% compared to the same quarter last year. 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 Up 0.3 %

Shares of ST traded up $0.10 during mid-day trading on Tuesday, reaching $38.00. The company’s stock had a trading volume of 1,227,230 shares, compared to its average volume of 2,121,953. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.64 and a quick ratio of 1.74. Sensata Technologies has a 12-month low of $30.56 and a 12-month high of $43.14. The stock has a market cap of $5.72 billion, a PE ratio of -344.70, a price-to-earnings-growth ratio of 1.10 and a beta of 1.26. The company’s 50 day moving average is $39.40 and its 200 day moving average is $37.19.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.26%. Sensata Technologies’s payout ratio is currently -436.32%.

Analyst Ratings Changes

ST has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of Sensata Technologies from $36.00 to $43.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Vertical Research initiated coverage on Sensata Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price target for the company. Jefferies Financial Group initiated coverage on Sensata Technologies in a report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price objective on the stock. Robert W. Baird raised their target price on Sensata Technologies from $37.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. Finally, Truist Financial lowered their price objective on shares of Sensata Technologies from $46.00 to $38.00 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 given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $44.40.

Insider Buying and Selling

In related news, Director Ali John Mirshekari purchased 73,137 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of $39.17 per share, for a total transaction of $2,864,776.29. Following the completion of the purchase, the director now directly owns 73,137 shares of the company’s stock, valued at approximately $2,864,776.29. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

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.