Sensata Technologies (NYSE:ST) Releases Q2 2024 Earnings Guidance

Sensata Technologies (NYSE:ST) updated its second quarter 2024 earnings guidance on Monday. The company provided earnings per share guidance of 0.890-0.950 for the period, compared to the consensus earnings per share estimate of 0.920. The company issued revenue guidance of $1.0 billion-$1.1 billion, compared to the consensus revenue estimate of $1.0 billion. Sensata Technologies also updated its Q2 guidance to $0.89-0.95 EPS.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Truist Financial upped their target price on shares of Sensata Technologies from $36.00 to $46.00 and gave the stock a hold rating in a research report on Tuesday. Jefferies Financial Group assumed coverage on shares of Sensata Technologies in a research report on Tuesday, April 9th. They set a hold rating and a $40.00 target price for the company. Evercore ISI upped their target price on shares of Sensata Technologies from $36.00 to $44.00 and gave the stock an in-line rating in a research report on Tuesday. Oppenheimer upgraded shares of Sensata Technologies from a market perform rating to an outperform rating and set a $50.00 price objective for the company in a research report on Tuesday, January 30th. Finally, Stifel Nicolaus increased their price objective on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a hold rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and an average target price of $42.00.

Sensata Technologies Trading Down 1.2 %

NYSE:ST traded down $0.47 on Thursday, reaching $38.52. 448,920 shares of the company’s stock were exchanged, compared to its average volume of 2,148,850. The business has a fifty day moving average of $35.28 and a 200-day moving average of $34.69. The company has a quick ratio of 1.69, a current ratio of 2.64 and a debt-to-equity ratio of 1.14. 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 $5.81 billion, a price-to-earnings ratio of -354.42, a price-to-earnings-growth ratio of 0.93 and a beta of 1.32.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.03. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $986.51 million. During the same period in the prior year, the company earned $0.92 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. As a group, analysts expect that Sensata Technologies will post 3.72 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Tuesday, May 7th. Sensata Technologies’s payout ratio is -436.32%.

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.