Sensata Technologies (NYSE:ST) Releases Q3 2024 Earnings Guidance

Sensata Technologies (NYSE:ST) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.820-0.880 for the period, compared to the consensus earnings per share estimate of 0.860. The company issued revenue guidance of $970.0 million-$1.0 billion, compared to the consensus revenue estimate of $986.1 million.

Sensata Technologies Stock Up 2.0 %

NYSE:ST opened at $35.73 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.31. The company’s fifty day moving average price is $37.39 and its 200-day moving average price is $37.71. Sensata Technologies has a 1-year low of $30.56 and a 1-year high of $43.14. The firm has a market capitalization of $5.38 billion, a P/E ratio of -324.82, a PEG ratio of 1.23 and a beta of 1.26.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.97 EPS. As a group, equities research analysts anticipate that Sensata Technologies will post 3.57 EPS for the current year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Wednesday, August 14th. Sensata Technologies’s payout ratio is presently -436.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ST shares. Wolfe Research initiated coverage on shares of Sensata Technologies in a research note on Thursday, September 5th. They set a peer perform rating on the stock. Truist Financial dropped their price target on shares of Sensata Technologies from $46.00 to $38.00 and set a hold rating on the stock in a research report on Tuesday, July 30th. Oppenheimer decreased their price objective on shares of Sensata Technologies from $50.00 to $47.00 and set an outperform rating for the company in a research report on Wednesday, July 31st. Vertical Research started coverage on Sensata Technologies in a research report on Tuesday, July 23rd. They set a buy rating and a $55.00 target price on the stock. Finally, Bank of America cut their price target on Sensata Technologies from $44.00 to $41.00 and set a neutral rating for the company in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $44.10.

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.