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 EPS guidance of 0.890-0.950 for the period, compared to the consensus EPS 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 Upgrades and Downgrades

A number of research firms have commented on ST. JPMorgan Chase & Co. cut Sensata Technologies from a neutral rating to an underweight rating and decreased their price target for the stock from $37.00 to $34.00 in a research note on Monday, January 8th. The Goldman Sachs Group reaffirmed a neutral rating and issued a $36.00 target price (down from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. Jefferies Financial Group assumed coverage on shares of Sensata Technologies in a research note on Tuesday, April 9th. They issued a hold rating and a $40.00 price objective for the company. Bank of America cut shares of Sensata Technologies from a buy rating to a neutral rating and decreased their price target for the company from $46.00 to $38.00 in a research report on Wednesday, February 7th. Finally, 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 report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $39.25.

Sensata Technologies Price Performance

ST stock traded up $0.70 during midday trading on Monday, hitting $35.68. 1,862,382 shares of the stock were exchanged, compared to its average volume of 1,985,621. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.69 and a current ratio of 2.55. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of -708.26, a PEG ratio of 0.85 and a beta of 1.37. Sensata Technologies has a fifty-two week low of $30.56 and a fifty-two week high of $47.41. The stock’s 50-day moving average price is $35.06 and its 200-day moving average price is $34.67.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data 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). The company had revenue of $992.50 million for the quarter, compared to analyst estimates of $978.05 million. Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 earnings per share. Research analysts predict that Sensata Technologies will post 3.72 earnings per share for the current year.

Sensata Technologies Announces Dividend

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

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.