Sensata Technologies (NYSE:ST) Updates 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ST shares. Truist Financial upped their price target on shares of Sensata Technologies from $36.00 to $46.00 and gave the company a hold rating in a report on Tuesday, April 30th. Evercore ISI upgraded Sensata Technologies from an in-line rating to an outperform rating and increased their price objective for the company from $44.00 to $60.00 in a research report on Monday, May 6th. Jefferies Financial Group began coverage on Sensata Technologies in a research note on Tuesday, April 9th. They set a hold rating and a $40.00 price objective for the company. Stifel Nicolaus boosted their target price on Sensata Technologies from $36.00 to $43.00 and gave the stock a hold rating in a research report on Tuesday, April 30th. Finally, The Goldman Sachs Group reiterated a neutral rating and issued a $36.00 price target (down previously from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $44.90.

Sensata Technologies Stock Down 0.8 %

Shares of Sensata Technologies stock traded down $0.31 during midday 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 firm has a market capitalization of $5.71 billion, a P/E ratio of -344.51, a PEG ratio of 1.10 and a beta of 1.26. The stock has a 50-day simple moving average of $39.49 and a 200-day simple moving average of $37.17. 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 1-year low of $30.56 and a 1-year high of $43.14.

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

Sensata Technologies Dividend Announcement

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

Insider Transactions at Sensata Technologies

In other 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 purchased at an average price of $39.17 per share, with a total value of $2,864,776.29. Following the completion of the transaction, the director now owns 73,137 shares in the company, valued at $2,864,776.29. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by insiders.

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.