Sensata Technologies (NYSE:ST) Issues Quarterly Earnings Results

Sensata Technologies (NYSE:ST) issued its earnings results on Monday. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.86, Briefing.com reports. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The firm had revenue of $982.80 million for the quarter, compared to the consensus estimate of $983.93 million. During the same quarter last year, the business posted $0.91 EPS. The company’s 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 Trading Down 5.9 %

Shares of NYSE ST traded down $1.98 during midday trading on Tuesday, hitting $31.66. 2,055,838 shares of the company traded hands, compared to its average volume of 1,861,151. 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 has a 12-month low of $30.56 and a 12-month high of $43.14. The stock has a 50-day moving average price of $35.65 and a 200 day moving average price of $37.70. The firm has a market cap of $4.78 billion, a P/E ratio of 788.70, a P/E/G ratio of 1.36 and a beta of 1.25.

Sensata Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.52%. The ex-dividend date is Wednesday, November 13th. Sensata Technologies’s dividend payout ratio (DPR) is currently 1,200.30%.

Analyst Ratings Changes

ST has been the topic of a number of recent research reports. Wolfe Research initiated coverage on shares of Sensata Technologies in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Oppenheimer dropped their price objective on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday. Evercore ISI reduced their target price on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday, October 15th. Robert W. Baird lowered their price target on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Stifel Nicolaus cut their price objective on shares of Sensata Technologies from $43.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Sensata Technologies currently has a consensus rating of “Hold” and an average price target of $40.80.

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.