FY2020 Earnings Estimate for Sensata Technologies Holding plc (NYSE:ST) Issued By Jefferies Financial Group


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Sensata Technologies Holding plc (NYSE:ST) – Investment analysts at Jefferies Financial Group boosted their FY2020 earnings estimates for shares of Sensata Technologies in a research report issued to clients and investors on Tuesday, January 12th. Jefferies Financial Group analyst D. Kelley now forecasts that the scientific and technical instruments company will post earnings of $2.17 per share for the year, up from their previous forecast of $2.08. Jefferies Financial Group has a “Hold” rating and a $52.00 price objective on the stock. Jefferies Financial Group also issued estimates for Sensata Technologies’ Q4 2020 earnings at $0.81 EPS, Q1 2021 earnings at $0.79 EPS, Q2 2021 earnings at $0.75 EPS, Q4 2021 earnings at $0.92 EPS, FY2021 earnings at $3.27 EPS and FY2022 earnings at $3.78 EPS.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Tuesday, October 27th. The scientific and technical instruments company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.11. The business had revenue of $788.31 million during the quarter, compared to the consensus estimate of $758.38 million. Sensata Technologies had a return on equity of 15.56% and a net margin of 2.96%. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 earnings per share.

Several other equities research analysts also recently weighed in on the company. Barclays increased their price objective on Sensata Technologies from $49.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Morgan Stanley increased their price objective on Sensata Technologies from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Monday. Berenberg Bank initiated coverage on Sensata Technologies in a report on Tuesday, October 6th. They issued a “buy” rating and a $55.00 price objective for the company. Zacks Investment Research downgraded Sensata Technologies from a “buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a report on Tuesday, December 22nd. Finally, Robert W. Baird initiated coverage on Sensata Technologies in a report on Monday, October 19th. They issued an “outperform” rating and a $57.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $49.00.

Shares of ST opened at $55.52 on Wednesday. The stock has a 50 day moving average price of $51.64 and a 200 day moving average price of $44.87. The company has a quick ratio of 1.93, a current ratio of 2.46 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 99.14, a price-to-earnings-growth ratio of 2.25 and a beta of 1.59. Sensata Technologies has a 52-week low of $18.25 and a 52-week high of $61.64.

In other Sensata Technologies news, Director Stephen M. Zide sold 6,015 shares of the company’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $42.84, for a total value of $257,682.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey J. Cote sold 18,843 shares of the company’s stock in a transaction dated Tuesday, November 24th. The shares were sold at an average price of $50.00, for a total transaction of $942,150.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 118,775 shares of company stock worth $5,626,496. 2.00% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Heritage Wealth Advisors lifted its holdings in shares of Sensata Technologies by 33.1% in the third quarter. Heritage Wealth Advisors now owns 1,065 shares of the scientific and technical instruments company’s stock valued at $46,000 after purchasing an additional 265 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Sensata Technologies by 2.1% in the third quarter. Nissay Asset Management Corp Japan ADV now owns 17,158 shares of the scientific and technical instruments company’s stock valued at $740,000 after purchasing an additional 360 shares in the last quarter. Ellevest Inc. lifted its holdings in shares of Sensata Technologies by 18.3% in the third quarter. Ellevest Inc. now owns 2,441 shares of the scientific and technical instruments company’s stock valued at $105,000 after purchasing an additional 378 shares in the last quarter. Ossiam raised its position in shares of Sensata Technologies by 175.7% in the third quarter. Ossiam now owns 601 shares of the scientific and technical instruments company’s stock valued at $26,000 after buying an additional 383 shares during the last quarter. Finally, BBVA USA Bancshares Inc. raised its position in shares of Sensata Technologies by 3.0% in the third quarter. BBVA USA Bancshares Inc. now owns 24,813 shares of the scientific and technical instruments company’s stock valued at $1,050,000 after buying an additional 727 shares during the last quarter. 96.36% of the stock is currently owned by institutional investors.

Sensata Technologies Company Profile

Sensata Technologies Holding plc, through its subsidiaries, develops, manufactures, and sells sensors, sensor-based solutions, controls, and other products in the Americas, Europe, Asia, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment offers pressure sensors, including microfused strain gage, ceramic capacitive, and micro-electromechanical sensors; speed and position sensors, such as magnetic speed and position sensors, and mechanical/electrical control systems; and temperature sensors.

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