Zacks: Brokerages Expect Sensata Technologies Holding (ST) Will Post Quarterly Sales of $819.66 Million
Wall Street analysts predict that Sensata Technologies Holding (NYSE:ST) will post sales of $819.66 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Sensata Technologies’ earnings. The highest sales estimate is $826.52 million and the lowest is $815.00 million. Sensata Technologies posted sales of $788.40 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4%. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, February 1st.
According to Zacks, analysts expect that Sensata Technologies will report full year sales of $819.66 million for the current financial year, with estimates ranging from $3.28 billion to $3.29 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.44 billion per share, with estimates ranging from $3.40 billion to $3.47 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Sensata Technologies.
Sensata Technologies (NYSE:ST) last posted its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. The business had revenue of $819.10 million during the quarter, compared to analyst estimates of $803.14 million. Sensata Technologies had a net margin of 9.39% and a return on equity of 25.75%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 earnings per share.
In related news, Director Paul B. Edgerley purchased 200,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average price of $47.47 per share, with a total value of $9,494,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey J. Cote sold 13,311 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $49.03, for a total transaction of $652,638.33. The disclosure for this sale can be found here. Insiders have sold 91,308 shares of company stock valued at $4,462,641 in the last ninety days. 1.00% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. QCM Cayman Ltd. grew its stake in Sensata Technologies by 1.4% during the second quarter. QCM Cayman Ltd. now owns 5,210 shares of the scientific and technical instruments company’s stock worth $223,000 after buying an additional 74 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Sensata Technologies by 5.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 20,510 shares of the scientific and technical instruments company’s stock worth $986,000 after buying an additional 1,100 shares during the period. Millie Capital Management LLC grew its stake in Sensata Technologies by 2.1% during the second quarter. Millie Capital Management LLC now owns 61,695 shares of the scientific and technical instruments company’s stock worth $2,636,000 after buying an additional 1,294 shares during the period. Aperio Group LLC grew its stake in Sensata Technologies by 7.6% during the third quarter. Aperio Group LLC now owns 19,191 shares of the scientific and technical instruments company’s stock worth $923,000 after buying an additional 1,358 shares during the period. Finally, Allianz Asset Management GmbH grew its stake in Sensata Technologies by 2.2% during the third quarter. Allianz Asset Management GmbH now owns 78,884 shares of the scientific and technical instruments company’s stock worth $3,792,000 after buying an additional 1,724 shares during the period.
Sensata Technologies (NYSE ST) traded up $0.55 during trading hours on Tuesday, hitting $55.43. 895,700 shares of the stock were exchanged, compared to its average volume of 1,293,814. The company has a current ratio of 2.76, a quick ratio of 2.04 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $9,490.00, a price-to-earnings ratio of 31.14, a PEG ratio of 1.54 and a beta of 1.47. Sensata Technologies has a twelve month low of $38.71 and a twelve month high of $55.90.
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Sensata Technologies Company Profile
Sensata Technologies Holding N.V. is an industrial technology company. The Company is engaged in the development, manufacture, and sale of sensors and controls. The Company operates through two segments: Performance Sensing and Sensing Solutions. It produces a range of sensors and controls for applications, such as pressure sensors in automotive systems, thermal circuit breakers in aircraft, and bimetal current and temperature control devices.
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