Sensata Technologies Announces Quarterly Earnings Performance

Sensata Technologies (NYSE:ST) disclosed its quarterly earnings results on Monday. The scientific and technical instruments company reported earnings of $0.86 per share (EPS), which aligned with the consensus estimate of $0.86, according to Briefing.com. The company's revenue reached $982.80 million for the quarter, slightly below the analyst predictions of $983.93 million.

During this period, Sensata Technologies achieved a return on equity of 17.57% and a modest net margin of 0.21%. However, the quarterly revenue showed a decline of 1.8% compared to the same quarter last year. In the previous year's corresponding quarter, Sensata Technologies reported a higher EPS of $0.91.

In addition to its earnings announcement, Sensata Technologies provided updates on its future earnings guidance. For the fourth quarter, the company expects an EPS range of $0.71 to $0.76, while for the fourth quarter of 2024, it anticipates a similar EPS range of $0.710 to $0.760.

Stock Performance of Sensata Technologies

On Tuesday, shares of Sensata Technologies fell by $1.98, bringing the stock price to $31.66. The trading volume was 2,055,838 shares, surpassing the average volume of 1,861,151. Sensata Technologies has a market capitalization of $4.78 billion and a P/E ratio of 788.70, along with a P/E/G ratio of 1.36 and a beta of 1.25. Over the past year, the stock has hit a low of $30.56 and a peak of $43.14. Current ratios include a current ratio of 1.77, a quick ratio of 1.31, and a debt-to-equity ratio of 1.06. The company has a 50-day moving average price of $35.65 and a 200-day moving average price of $37.70.

Dividend Information

Sensata Technologies recently announced a quarterly dividend, which is scheduled to be paid on Wednesday, November 27th. Shareholders on record as of Wednesday, November 13th, will receive a dividend of $0.12 per share, representing an annualized dividend of $0.48 and a yield of 1.52%. The ex-dividend date is also set for Wednesday, November 13th. Currently, the dividend payout ratio stands at a massive 1,200.30%.

Analysts Adjust Price Targets

Several brokerage firms have recently revised their price targets for Sensata Technologies. JPMorgan Chase & Co. lowered its price target from $34.00 to $32.00, issuing an 'underweight' rating. Meanwhile, Robert W. Baird reduced the price target from $40.00 to $36.00 with a 'neutral' rating. Wolfe Research began coverage of the stock and assigned a 'peer perform' rating. Evercore ISI decreased their price objective from $60.00 to $50.00, keeping an 'outperform' rating, while The Goldman Sachs Group set their target from $41.00 to $39.00 with a 'neutral' rating. Out of all the analysts, one issued a sell rating, seven rated it as a hold, and three gave a buy rating. Data from MarketBeat shows that Sensata Technologies currently has an average rating of 'Hold' with an average price target of $40.80.

About Sensata Technologies

Sensata Technologies Holding plc is known for developing, manufacturing, and selling various sensing solutions and electrical protection components used in critical systems and applications worldwide. The company operates in two main segments: Performance Sensing and Sensing Solutions.

Earnings, Stocks, Dividend