Sensata Technologies (NYSE:ST) Updates Q4 2024 Earnings Guidance

Sensata Technologies (NYSE:ST) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.710-0.760 for the period, compared to the consensus estimate of 0.850. The company issued revenue guidance of $870.0 million-$900.0 million, compared to the consensus revenue estimate of $957.3 million. Sensata Technologies also updated its Q4 guidance to $0.71-0.76 EPS.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Evercore ISI dropped their target price 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. UBS Group lowered their target price on Sensata Technologies from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday. Stifel Nicolaus reduced their target price on Sensata Technologies from $43.00 to $38.00 and set a “hold” rating on the stock in a research report on Tuesday. Vertical Research assumed coverage on Sensata Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price target for the company. Finally, Bank of America lowered their target price on Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Sensata Technologies has a consensus rating of “Hold” and a consensus target price of $41.00.

Sensata Technologies Stock Performance

Sensata Technologies stock traded up $0.15 on Thursday, hitting $33.61. The company’s stock had a trading volume of 485,015 shares, compared to its average volume of 1,859,864. The company has a fifty day moving average price of $35.44 and a 200-day moving average price of $37.65. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. The firm has a market cap of $5.07 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 has a one year low of $30.56 and a one year high of $43.14.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Monday, November 4th. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.86. The firm 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%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 EPS. On average, equities analysts anticipate that Sensata Technologies will post 3.55 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders 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 dividend on an annualized basis and a yield of 1.43%. Sensata Technologies’s payout ratio is -88.89%.

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.