Sensata Technologies (NYSE:ST – Get Free Report) announced its quarterly earnings data on Monday. The scientific and technical instruments company reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.93, Briefing.com reports. Sensata Technologies had a net margin of 0.21% and a return on equity of 17.49%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. Sensata Technologies updated its Q3 guidance to $0.82-0.88 EPS and its Q3 2024 guidance to 0.820-0.880 EPS.
Sensata Technologies Stock Up 1.4 %
Sensata Technologies stock traded up $0.52 during trading hours on Wednesday, hitting $38.69. The company had a trading volume of 708,429 shares, compared to its average volume of 2,128,057. The firm has a market capitalization of $5.82 billion, a P/E ratio of -346.51, a price-to-earnings-growth ratio of 1.09 and a beta of 1.26. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.64 and a quick ratio of 1.74. The firm’s fifty day moving average is $39.31 and its 200-day moving average is $37.21. Sensata Technologies has a fifty-two week low of $30.56 and a fifty-two week high of $43.14.
Sensata Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.48 annualized dividend and a yield of 1.24%. Sensata Technologies’s dividend payout ratio is presently -436.32%.
Insider Transactions at Sensata Technologies
Analyst Upgrades and Downgrades
Several research firms have commented on ST. Bank of America decreased their target price on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday. The Goldman Sachs Group restated a “neutral” rating and issued a $36.00 target price (down previously from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. Evercore ISI raised shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $44.00 to $60.00 in a research note on Monday, May 6th. Truist Financial cut their target price on shares of Sensata Technologies from $46.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday. Finally, Vertical Research began coverage on shares of Sensata Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $55.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sensata Technologies currently has a consensus rating of “Hold” and an average target price of $44.10.
View Our Latest Stock Analysis on ST
Sensata Technologies Company Profile
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.
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