Sensata Technologies (NYSE:ST) Issues Q2 Earnings Guidance

Sensata Technologies (NYSE:ST) issued an update on its second quarter earnings guidance on Monday morning. 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 %

Sensata Technologies stock opened at $35.68 on Tuesday. Sensata Technologies has a 52-week low of $30.56 and a 52-week high of $47.41. The company has a quick ratio of 1.69, a current ratio of 2.55 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of -713.46, a PEG ratio of 0.85 and a beta of 1.37. The firm has a 50-day moving average price of $35.10 and a two-hundred day moving average price of $34.65.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $978.05 million. During the same period last year, the firm posted $0.96 EPS. The business’s quarterly revenue was down 2.2% on a year-over-year basis. Sell-side analysts expect that Sensata Technologies will post 3.72 earnings per share for the current year.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be issued 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 (DPR) is -959.81%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus decreased their target price on shares of Sensata Technologies from $40.00 to $36.00 and set a hold rating for the company in a research report on Wednesday, February 7th. Jefferies Financial Group initiated coverage on Sensata Technologies in a research note on Tuesday, April 9th. They set a hold rating and a $40.00 price target for the company. The Goldman Sachs Group restated a neutral rating and issued a $36.00 price objective (down previously from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Bank of America lowered Sensata Technologies from a buy rating to a neutral rating and lowered their target price for the stock from $46.00 to $38.00 in a report on Wednesday, February 7th. Finally, Oppenheimer raised shares of Sensata Technologies from a market perform rating to an outperform rating and set a $50.00 price target for the company in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Sensata Technologies has a consensus rating of Hold and a consensus price target of $39.25.

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.