Sensata Technologies (NYSE:ST) Updates Q3 2024 Earnings Guidance

Sensata Technologies (NYSE:ST) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.820-0.880 for the period, compared to the consensus EPS estimate of 0.860. The company issued revenue guidance of $970.0 million-$1.0 billion, compared to the consensus revenue estimate of $986.1 million.

Analyst Ratings Changes

A number of research firms recently weighed in on ST. Wolfe Research started coverage on shares of Sensata Technologies in a research note on Thursday, September 5th. They set a peer perform rating on the stock. Vertical Research initiated coverage on shares of Sensata Technologies in a report on Tuesday, July 23rd. They issued a buy rating and a $55.00 price objective on the stock. Bank of America decreased their price objective 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, July 30th. Truist Financial dropped their target price on Sensata Technologies from $46.00 to $38.00 and set a hold rating on the stock in a report on Tuesday, July 30th. Finally, Oppenheimer decreased their price target on Sensata Technologies from $50.00 to $47.00 and set an outperform rating for the company in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $44.10.

Sensata Technologies Stock Up 1.1 %

ST opened at $35.04 on Tuesday. Sensata Technologies has a one year low of $30.56 and a one year high of $43.14. 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 capitalization of $5.27 billion, a P/E ratio of -318.55, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. The business’s 50-day simple moving average is $37.44 and its 200-day simple moving average is $37.70.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The company’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 earnings per share. Analysts anticipate that Sensata Technologies will post 3.57 EPS for the current year.

Sensata Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. Sensata Technologies’s dividend payout ratio is presently -436.36%.

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.