Sensata Technologies (NYSE:ST) Issues Quarterly Earnings Results, Hits Expectations

Sensata Technologies (NYSE:ST) posted its quarterly earnings data on Monday. The scientific and technical instruments company reported $0.86 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.86, Briefing.com reports. The business had revenue of $982.80 million for the quarter, compared to the consensus estimate of $983.93 million. Sensata Technologies had a negative net margin of 1.98% and a positive return on equity of 17.63%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same period last year, the firm 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

Shares of ST stock opened at $31.57 on Wednesday. The stock’s fifty day moving average is $35.52 and its 200-day moving average is $37.68. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.31 and a current ratio of 1.77. The stock has a market capitalization of $4.77 billion, a PE ratio of -58.46, a PEG ratio of 1.33 and a beta of 1.25. Sensata Technologies has a 52 week low of $30.56 and a 52 week high of $43.14.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.48 annualized dividend and a yield of 1.52%. Sensata Technologies’s dividend payout ratio is currently -88.89%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ST shares. JPMorgan Chase & Co. dropped their price objective on shares of Sensata Technologies from $34.00 to $32.00 and set an “underweight” rating for the company in a report on Tuesday. Robert W. Baird reduced their price target on shares of Sensata Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday. Vertical Research started coverage on shares of Sensata Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 price objective on the stock. Wolfe Research assumed coverage on shares of Sensata Technologies in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Oppenheimer lowered their price objective on shares of Sensata Technologies from $47.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.