Sensata Technologies (NYSE:ST) Releases Earnings Results, Meets Expectations

Sensata Technologies (NYSE:ST) 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

In other news, Director Ali John Mirshekari acquired 73,137 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average cost of $39.17 per share, with a total value of $2,864,776.29. Following the acquisition, the director now owns 73,137 shares in the company, valued at $2,864,776.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

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.

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.