Sensata Technologies (ST) to Release Earnings on Monday

Sensata Technologies (NYSE:ST) is scheduled to be releasing its earnings data after the market closes on Monday, July 29th. Analysts expect Sensata Technologies to post earnings of $0.93 per share for the quarter. Sensata Technologies has set its Q2 guidance at $0.89-0.95 EPS and its Q2 2024 guidance at 0.890-0.950 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Sensata Technologies (NYSE:ST) last released its quarterly earnings results on Monday, April 29th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $986.51 million. During the same period in the previous year, the business posted $0.92 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts expect Sensata Technologies to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Sensata Technologies Stock Performance

Sensata Technologies stock opened at $38.23 on Friday. The stock has a 50-day simple moving average of $39.49 and a 200 day simple moving average of $37.15. The company has a quick ratio of 1.74, a current ratio of 2.64 and a debt-to-equity ratio of 1.14. Sensata Technologies has a 12-month low of $30.56 and a 12-month high of $43.14. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of -347.55, a P/E/G ratio of 1.08 and a beta of 1.26.

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.48 annualized dividend and a yield of 1.26%. Sensata Technologies’s dividend payout ratio is currently -436.36%.

Insider Transactions at Sensata Technologies

In related news, Director Ali John Mirshekari acquired 73,137 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were bought at an average price of $39.17 per share, for a total transaction of $2,864,776.29. Following the purchase, the director now directly owns 73,137 shares in the company, valued at approximately $2,864,776.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

ST has been the subject of several analyst reports. Robert W. Baird boosted their target price on Sensata Technologies from $37.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Vertical Research initiated coverage on Sensata Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $55.00 price objective for the company. Truist Financial boosted their price objective on Sensata Technologies from $36.00 to $46.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Jefferies Financial Group initiated coverage on Sensata Technologies in a research report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price objective for the company. Finally, Evercore ISI upgraded Sensata Technologies from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $44.00 to $60.00 in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $44.90.

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.