Oppenheimer Comments on Sensata Technologies Holding’s Q1 2018 Earnings (ST)
Sensata Technologies Holding (NYSE:ST) – Equities research analysts at Oppenheimer upped their Q1 2018 earnings per share estimates for Sensata Technologies in a research note issued on Wednesday. Oppenheimer analyst C. Glynn now anticipates that the scientific and technical instruments company will post earnings per share of $0.82 for the quarter, up from their previous forecast of $0.77. Oppenheimer has a “Buy” rating and a $62.00 price objective on the stock. Oppenheimer also issued estimates for Sensata Technologies’ Q2 2018 earnings at $0.92 EPS, Q3 2018 earnings at $0.92 EPS, Q4 2018 earnings at $0.94 EPS, FY2018 earnings at $3.60 EPS and FY2019 earnings at $3.95 EPS.
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, topping the consensus estimate of $0.80 by $0.01. Sensata Technologies had a net margin of 9.39% and a return on equity of 25.75%. The firm had revenue of $819.10 million during the quarter, compared to analysts’ expectations of $803.14 million. During the same quarter in the previous year, the company posted $0.74 EPS. Sensata Technologies’s revenue was up 3.7% on a year-over-year basis.
Sensata Technologies (NYSE ST) traded down $0.25 during mid-day trading on Thursday, reaching $52.17. 1,366,400 shares of the company traded hands, compared to its average volume of 1,310,607. The company has a quick ratio of 2.04, a current ratio of 2.76 and a debt-to-equity ratio of 1.49. Sensata Technologies has a 1 year low of $38.71 and a 1 year high of $53.30. The company has a market cap of $8,979.36, a PE ratio of 16.96, a PEG ratio of 1.65 and a beta of 1.46.
Several hedge funds have recently made changes to their positions in ST. Janus Henderson Group PLC grew its holdings in shares of Sensata Technologies by 58,991.8% in the 2nd quarter. Janus Henderson Group PLC now owns 15,101,502 shares of the scientific and technical instruments company’s stock valued at $645,136,000 after buying an additional 15,075,946 shares during the period. BlackRock Inc. grew its holdings in shares of Sensata Technologies by 68.4% in the 2nd quarter. BlackRock Inc. now owns 8,293,010 shares of the scientific and technical instruments company’s stock valued at $354,278,000 after buying an additional 3,369,088 shares during the period. State Street Corp grew its holdings in shares of Sensata Technologies by 106.4% in the 2nd quarter. State Street Corp now owns 3,204,903 shares of the scientific and technical instruments company’s stock valued at $136,915,000 after buying an additional 1,652,112 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Sensata Technologies by 18.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,720,010 shares of the scientific and technical instruments company’s stock valued at $201,639,000 after buying an additional 725,786 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in shares of Sensata Technologies by 117.2% in the 2nd quarter. New York State Common Retirement Fund now owns 1,022,990 shares of the scientific and technical instruments company’s stock valued at $43,702,000 after buying an additional 551,919 shares during the period.
In other news, EVP Jeffrey J. Cote sold 40,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $48.38, for a total value of $1,935,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul B. Edgerley purchased 200,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was purchased at an average cost of $47.47 per share, with a total value of $9,494,000.00. The disclosure for this purchase can be found here. Insiders have sold a total of 87,588 shares of company stock valued at $4,258,599 in the last quarter. Corporate insiders own 1.00% of the company’s stock.
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About Sensata Technologies
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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