Sensata Technologies (NYSE:ST) Announces Earnings Results

Sensata Technologies (NYSE:ST) announced its earnings results on Tuesday. The scientific and technical instruments company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.96 by $0.17, FiscalAI reports. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $972.97 million. Sensata Technologies had a return on equity of 18.68% and a net margin of 2.37%.

Sensata Technologies Stock Performance

Shares of NYSE ST traded up $1.61 during trading hours on Tuesday, reaching $42.30. 1,976,437 shares of the stock were exchanged, compared to its average volume of 1,820,951. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.58 and a current ratio of 2.29. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 70.50, a P/E/G ratio of 1.22 and a beta of 1.25. The stock’s fifty day simple moving average is $42.18 and its 200 day simple moving average is $41.70. Sensata Technologies has a 52 week low of $28.16 and a 52 week high of $53.89.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, November 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.1%. Sensata Technologies’s dividend payout ratio (DPR) is 80.00%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ST. UBS Group dropped their target price on shares of Sensata Technologies from $57.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Oppenheimer increased their price target on shares of Sensata Technologies from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Wall Street Zen cut shares of Sensata Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 20th. Weiss Ratings cut Sensata Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Finally, Barclays upped their target price on shares of Sensata Technologies from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $48.80.

About Sensata Technologies

Sensata Technologies Holding plc (NYSE: ST) is a global developer and manufacturer of sensing, control and protection solutions. The company supplies components that help monitor conditions, improve safety and efficiency, and support automated decision-making in vehicles, industrial equipment and other systems.

Its products include pressure, temperature, position, speed, force, current and fluid-level sensors, along with circuit breakers, controls and other protection devices. Sensata’s technologies are used in applications such as automotive systems, heavy-duty vehicles, industrial machinery, heating and air-conditioning equipment, aerospace and defense, energy infrastructure, and data centers.

Sensata serves original equipment manufacturers and other industrial customers across North America, Europe, Asia and additional international markets.