Sensata Technologies (NYSE:ST) Posts Earnings Results, Hits Expectations

Sensata Technologies (NYSE:ST) posted its earnings results on Monday. The scientific and technical instruments company reported $0.86 EPS for the quarter, hitting analysts’ consensus estimates of $0.86, Briefing.com reports. 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 for the quarter, compared to analysts’ expectations of $983.93 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The business’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 Stock Down 6.2 %

ST stock opened at $31.57 on Wednesday. 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 business has a fifty day simple moving average of $35.52 and a 200-day simple moving average of $37.68. Sensata Technologies has a 52 week low of $30.56 and a 52 week high of $43.14.

Sensata Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.52%. Sensata Technologies’s payout ratio is -88.89%.

Wall Street Analyst Weigh In

ST has been the topic of a number of research analyst reports. Wolfe Research initiated coverage on Sensata Technologies in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. The Goldman Sachs Group dropped their price target on Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Bank of America dropped their price target on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. JPMorgan Chase & Co. dropped their price target on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research report on Tuesday. Finally, Robert W. Baird dropped their price target on Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Sensata Technologies presently has an average rating of “Hold” and a consensus target price 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.