Sensata Technologies (NYSE:ST) Releases Q3 2024 Earnings Guidance

Sensata Technologies (NYSE:ST) updated its third quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.820-0.880 for the period, compared to the consensus estimate of 0.940. The company issued revenue guidance of $970.0 million-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Sensata Technologies also updated its Q3 guidance to $0.82-0.88 EPS.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ST. Truist Financial boosted their price target on shares of Sensata Technologies from $36.00 to $46.00 and gave the company a hold rating in a research report on Tuesday, April 30th. Jefferies Financial Group began coverage on shares of Sensata Technologies in a research report on Tuesday, April 9th. They set a hold rating and a $40.00 price target for the company. Stifel Nicolaus boosted their price target on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a hold rating in a research report on Tuesday, April 30th. Robert W. Baird lifted their price objective 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. Finally, Evercore ISI raised shares of Sensata Technologies from an in-line rating to an outperform rating and lifted their price objective for the stock from $44.00 to $60.00 in a report on Monday, May 6th. One 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 company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $44.90.

Sensata Technologies Trading Down 0.8 %

Sensata Technologies stock traded down $0.31 during mid-day trading on Monday, hitting $37.92. The company’s stock had a trading volume of 3,489,829 shares, compared to its average volume of 2,128,160. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of -344.51, a price-to-earnings-growth ratio of 1.10 and a beta of 1.26. The business has a 50 day moving average price of $39.49 and a 200-day moving average price of $37.17. 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.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.03. Sensata Technologies had a negative net margin of 0.35% and a positive return on equity of 17.58%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $986.51 million. During the same quarter in the previous year, the company earned $0.92 earnings per share. Sensata Technologies’s quarterly revenue was up .9% on a year-over-year basis. As a group, analysts forecast that Sensata Technologies will post 3.75 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be issued 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 news, Director Ali John Mirshekari bought 73,137 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average price of $39.17 per share, for a total transaction of $2,864,776.29. Following the completion of the purchase, the director now owns 73,137 shares in the company, valued at approximately $2,864,776.29. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

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.