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

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, hitting the consensus estimate of $0.86, Briefing.com reports. The business had revenue of $982.80 million for the quarter, compared to analyst estimates of $983.93 million. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. Sensata Technologies’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $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 Price Performance

NYSE ST traded down $1.98 during midday trading on Tuesday, hitting $31.66. The company had a trading volume of 2,055,838 shares, compared to its average volume of 1,861,151. The company has a market capitalization of $4.78 billion, a PE ratio of 788.70, a P/E/G ratio of 1.36 and a beta of 1.25. Sensata Technologies has a twelve month low of $30.56 and a twelve month high of $43.14. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 1.06. The firm has a 50-day moving average price of $35.65 and a 200-day moving average price of $37.70.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Wednesday, November 13th. Sensata Technologies’s dividend payout ratio is currently 1,200.30%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ST. JPMorgan Chase & Co. dropped their price objective on Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday. 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 note on Tuesday. Wolfe Research started coverage on shares of Sensata Technologies in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Evercore ISI dropped their price objective on shares of Sensata Technologies from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group reduced their target price on shares of Sensata Technologies from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. One investment 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, Sensata Technologies presently has an average rating of “Hold” and an average 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.