Sensata Technologies (NYSE:ST) Issues Quarterly Earnings Results

Sensata Technologies (NYSE:ST) released its earnings results on Monday. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.86, Briefing.com reports. The business had revenue of $982.80 million for the quarter, compared to the consensus estimate of $983.93 million. Sensata Technologies had a positive return on equity of 17.63% and a negative net margin of 1.98%. Sensata Technologies’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. 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 Up 2.5 %

NYSE:ST traded up $0.82 on Thursday, hitting $34.28. The stock had a trading volume of 198,590 shares, compared to its average volume of 1,858,538. Sensata Technologies has a 1 year low of $30.56 and a 1 year high of $43.14. The firm’s fifty day simple moving average is $35.44 and its two-hundred day simple moving average is $37.65. 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 stock has a market cap of $5.17 billion, a P/E ratio of -61.96, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.40%. Sensata Technologies’s payout ratio is -88.89%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Robert W. Baird lowered 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. JPMorgan Chase & Co. dropped their price objective on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research report on Tuesday. Evercore ISI reduced their target price on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. The Goldman Sachs Group lowered their price target on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Finally, TD Cowen decreased their price objective on Sensata Technologies from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $41.00.

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.