Sensata Technologies (NYSE:ST) Releases Earnings Results, Beats Estimates By $0.03 EPS

Sensata Technologies (NYSE:ST) announced its quarterly earnings data on Monday. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.03, Briefing.com reports. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $986.51 million. Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 EPS. Sensata Technologies updated its Q2 guidance to $0.89-0.95 EPS and its Q2 2024 guidance to 0.890-0.950 EPS.

Sensata Technologies Trading Up 2.0 %

Shares of Sensata Technologies stock opened at $35.68 on Tuesday. Sensata Technologies has a 52-week low of $30.56 and a 52-week high of $47.41. The firm has a market capitalization of $5.37 billion, a PE ratio of -713.46, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.55 and a quick ratio of 1.69. The company’s fifty day moving average price is $35.10 and its two-hundred day moving average price is $34.65.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a $0.12 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.48 annualized dividend and a yield of 1.35%. Sensata Technologies’s dividend payout ratio (DPR) is currently -959.81%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ST. The Goldman Sachs Group reiterated 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. Jefferies Financial Group initiated coverage on Sensata Technologies in a research note on Tuesday, April 9th. They set a “hold” rating and a $40.00 price target for the company. Bank of America downgraded Sensata Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $46.00 to $38.00 in a report on Wednesday, February 7th. Stifel Nicolaus lifted their target price on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, Truist Financial lowered their target price on shares of Sensata Technologies from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Sensata Technologies currently has a consensus rating of “Hold” and a consensus price target of $40.13.

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.