Sensata Technologies (NYSE:ST) Issues 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.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ST. Stifel Nicolaus reduced their target price on Sensata Technologies from $40.00 to $36.00 and set a hold rating on the stock in a report on Wednesday, February 7th. Truist Financial cut their price objective on Sensata Technologies from $39.00 to $36.00 and set a hold rating on the stock in a 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 on the stock in a report on Tuesday, January 30th. Jefferies Financial Group started coverage on Sensata Technologies in a report on Tuesday, April 9th. They set a hold rating and a $40.00 price objective on the stock. Finally, Bank of America downgraded Sensata Technologies from a buy rating to a neutral rating and cut their price objective for the company from $46.00 to $38.00 in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $39.25.

Sensata Technologies Trading Up 2.0 %

NYSE:ST traded up $0.70 during trading hours on Monday, hitting $35.68. 1,862,382 shares of the company were exchanged, compared to its average volume of 1,985,621. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of -708.26, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37. The company has a current ratio of 2.55, a quick ratio of 1.69 and a debt-to-equity ratio of 1.13. Sensata Technologies has a one year low of $30.56 and a one year high of $47.41. The company has a fifty day simple moving average of $35.06 and a 200 day simple moving average of $34.67.

Sensata Technologies (NYSE:ST) last announced its 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). The company had revenue of $992.50 million for the quarter, compared to the consensus estimate of $978.05 million. Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 earnings per share. Sell-side analysts expect that Sensata Technologies will post 3.72 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

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

Sensata Technologies Company Profile

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.