Sensata Technologies (NYSE:ST) Issues Q4 Earnings Guidance

Sensata Technologies (NYSE:ST) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.71-0.76 for the period, compared to the consensus 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 Stock Up 0.5 %

ST traded up $0.17 during midday trading on Thursday, reaching $33.63. 404,274 shares of the company were exchanged, compared to its average volume of 1,859,490. Sensata Technologies has a one year low of $30.56 and a one year 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 company’s fifty day moving average price is $35.44 and its 200 day moving average price is $37.65. The company has a market cap of $5.08 billion, a price-to-earnings ratio of -61.96, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 the consensus estimate of $983.93 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. Sensata Technologies’s revenue was down 1.8% compared to the same quarter last year. As a group, analysts expect that Sensata Technologies will post 3.55 EPS for the current year.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.12 per share. 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 dividend payout ratio is currently -88.89%.

Wall Street Analyst Weigh In

A number of analysts recently commented on ST shares. Truist Financial decreased their price target on Sensata Technologies from $38.00 to $33.00 and set a “hold” rating for the company in a research report on Tuesday. Stifel Nicolaus lowered their target price on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research note on Tuesday. UBS Group reduced their price target on shares of Sensata Technologies from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday. Vertical Research started coverage on shares of Sensata Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 price objective on the stock. Finally, Bank of America dropped their target price on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average 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.