Sensata Technologies (NYSE:ST) Releases Q2 Earnings Guidance

Sensata Technologies (NYSE:ST) updated its second quarter earnings guidance on Monday. The company provided EPS guidance of $0.89-0.95 for the period, compared to the consensus EPS estimate of $0.93. The company issued revenue guidance of $1.025-1.055 billion, compared to the consensus revenue estimate of $1.04 billion. Sensata Technologies also updated its Q2 2024 guidance to 0.890-0.950 EPS.

Sensata Technologies Trading Up 2.0 %

Shares of Sensata Technologies stock traded up $0.70 on Monday, reaching $35.68. 1,862,382 shares of the company’s stock were exchanged, compared to its average volume of 1,985,621. The company has a market capitalization of $5.37 billion, a P/E ratio of -708.26, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37. Sensata Technologies has a 52 week low of $30.56 and a 52 week high of $47.41. The firm’s 50-day moving average is $35.06 and its two-hundred day moving average is $34.67. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.69 and a current ratio of 2.55.

Sensata Technologies (NYSE:ST) last posted its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.05). Sensata Technologies had a negative net margin of 0.10% and a positive return on equity of 17.47%. The business had revenue of $992.50 million during the quarter, compared to analyst estimates of $978.05 million. During the same period in the previous year, the business posted $0.96 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. Sell-side analysts predict that Sensata Technologies will post 3.72 EPS for the current fiscal year.

Sensata Technologies Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Truist Financial decreased their target price on Sensata Technologies from $39.00 to $36.00 and set a hold rating for the company in a research report on Wednesday, February 7th. Oppenheimer raised Sensata Technologies from a market perform rating to an outperform rating and set a $50.00 price objective for the company in a report on Tuesday, January 30th. Bank of America downgraded shares of Sensata Technologies from a buy rating to a neutral rating and cut their price target for the company from $46.00 to $38.00 in a report on Wednesday, February 7th. Stifel Nicolaus cut their price objective on Sensata Technologies from $40.00 to $36.00 and set a hold rating for the company in a report on Wednesday, February 7th. Finally, Jefferies Financial Group started coverage on shares of Sensata Technologies in a research note on Tuesday, April 9th. They issued a hold rating and a $40.00 target price on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $39.25.

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.