Sensata Technologies (NYSE:ST) Issues Q3 Earnings Guidance

Sensata Technologies (NYSE:ST) updated its third quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.82-0.88 for the period, compared to the consensus earnings per share estimate of $0.93. The company issued revenue guidance of $970 million – $1.00 billion, compared to the consensus revenue estimate of $1.03 billion. Sensata Technologies also updated its Q3 2024 guidance to 0.820-0.880 EPS.

Analysts Set New Price Targets

Several research firms have issued reports on ST. The Goldman Sachs Group reaffirmed a neutral rating and issued a $36.00 price target (down previously from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Bank of America reduced their target price on Sensata Technologies from $44.00 to $41.00 and set a neutral rating for the company in a report on Tuesday. Vertical Research started coverage on Sensata Technologies in a research note on Tuesday, July 23rd. They issued a buy rating and a $55.00 price target on the stock. Jefferies Financial Group started coverage on Sensata Technologies in a report on Tuesday, April 9th. They set a hold rating and a $40.00 price objective on the stock. Finally, Robert W. Baird raised their target price on shares of Sensata Technologies from $37.00 to $47.00 and gave the stock a neutral rating in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $44.40.

Sensata Technologies Stock Down 0.0 %

Shares of Sensata Technologies stock traded down $0.01 on Tuesday, hitting $37.89. 1,014,129 shares of the company traded hands, compared to its average volume of 2,119,928. The company has a quick ratio of 1.74, a current ratio of 2.64 and a debt-to-equity ratio of 1.14. Sensata Technologies has a 12-month low of $30.56 and a 12-month high of $43.14. The company has a 50-day moving average price of $39.40 and a 200 day moving average price of $37.19. The company has a market cap of $5.70 billion, a PE ratio of -344.70, a PEG ratio of 1.10 and a beta of 1.26.

Sensata Technologies (NYSE:ST) last issued its earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. Sell-side analysts predict that Sensata Technologies will post 3.75 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, August 14th. Sensata Technologies’s dividend payout ratio (DPR) is presently -436.32%.

Insiders Place Their Bets

In other Sensata Technologies news, Director Ali John Mirshekari acquired 73,137 shares of Sensata Technologies stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average price of $39.17 per share, with a total value of $2,864,776.29. Following the purchase, the director now owns 73,137 shares in the company, valued at $2,864,776.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

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.