Sensata Technologies Holding PLC (NYSE:ST) – Stock analysts at Oppenheimer dropped their Q1 2020 earnings per share (EPS) estimates for shares of Sensata Technologies in a research note issued on Tuesday, February 11th. Oppenheimer analyst C. Glynn now expects that the scientific and technical instruments company will post earnings per share of $0.64 for the quarter, down from their previous forecast of $0.76. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Sensata Technologies’ Q2 2020 earnings at $0.90 EPS, Q3 2020 earnings at $0.97 EPS, Q4 2020 earnings at $0.99 EPS, FY2020 earnings at $3.50 EPS and FY2021 earnings at $3.95 EPS.
A number of other brokerages also recently weighed in on ST. Royal Bank of Canada initiated coverage on Sensata Technologies in a report on Tuesday, December 17th. They issued an “outperform” rating and a $62.00 price target for the company. Wolfe Research downgraded Sensata Technologies from an “outperform” rating to a “peer perform” rating and set a $55.00 price target for the company. in a report on Friday, November 22nd. Compass Point downgraded Sensata Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Zacks Investment Research upgraded Sensata Technologies from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Cross Research downgraded Sensata Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $53.61.
Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Tuesday, February 11th. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.02. Sensata Technologies had a return on equity of 22.78% and a net margin of 14.00%. The business had revenue of $846.70 million during the quarter, compared to the consensus estimate of $827.46 million. During the same period in the previous year, the business earned $0.95 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis.
Institutional investors and hedge funds have recently modified their holdings of the stock. Winslow Evans & Crocker Inc. grew its stake in Sensata Technologies by 65.8% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 494 shares of the scientific and technical instruments company’s stock worth $28,000 after buying an additional 196 shares during the last quarter. Quest Capital Management Inc. ADV bought a new position in Sensata Technologies during the 3rd quarter worth $30,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Sensata Technologies during the 4th quarter worth $39,000. Heritage Wealth Advisors bought a new position in Sensata Technologies during the 3rd quarter worth $48,000. Finally, Quadrant Capital Group LLC grew its stake in Sensata Technologies by 144.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,353 shares of the scientific and technical instruments company’s stock worth $66,000 after buying an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 93.55% of the company’s stock.
About Sensata Technologies
Sensata Technologies Holding plc, through its subsidiary, Sensata Technologies Holding N.V., develops, manufactures, and sells a range of sensors and controls in the Americas, Asia, Europe, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures pressure sensors, speed and position sensors, and temperature sensors.
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