Sensata Technologies (NYSE:ST) Releases Q2 2024 Earnings Guidance

Sensata Technologies (NYSE:ST) issued an update on its second quarter 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.890-0.950 for the period, compared to the consensus estimate of 0.920. The company issued revenue guidance of $1.0 billion-$1.1 billion, compared to the consensus revenue estimate of $1.0 billion. Sensata Technologies also updated its Q2 guidance to $0.89-0.95 EPS.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Truist Financial reduced their price target on Sensata Technologies from $39.00 to $36.00 and set a hold rating for the company in a research report on Wednesday, February 7th. JPMorgan Chase & Co. downgraded Sensata Technologies from a neutral rating to an underweight rating and dropped their price objective for the stock from $37.00 to $34.00 in a research note on Monday, January 8th. The Goldman Sachs Group reissued a neutral rating and issued a $36.00 price objective (down previously from $44.00) on shares of Sensata Technologies in a research note on Tuesday, April 9th. Stifel Nicolaus dropped their price objective on Sensata Technologies from $40.00 to $36.00 and set a hold rating on the stock in a research note on Wednesday, February 7th. Finally, Bank of America downgraded Sensata Technologies from a buy rating to a neutral rating and dropped their price objective for the stock from $46.00 to $38.00 in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Sensata Technologies currently has an average rating of Hold and a consensus price target of $39.25.

Sensata Technologies Stock Up 2.0 %

Shares of ST stock traded up $0.70 on Monday, reaching $35.68. 1,862,382 shares of the company’s stock traded hands, compared to its average volume of 1,985,621. The business’s 50 day moving average price is $35.06 and its two-hundred day moving average price is $34.67. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.69 and a current ratio of 2.55. Sensata Technologies has a 12-month low of $30.56 and a 12-month high of $47.41. The company has a market capitalization of $5.37 billion, a P/E ratio of -708.26, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37.

Sensata Technologies (NYSE:ST) last issued its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 EPS 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 firm had revenue of $992.50 million during the quarter, compared to analysts’ expectations of $978.05 million. During the same quarter last year, the firm earned $0.96 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities analysts forecast that Sensata Technologies will post 3.72 earnings per share for the current year.

Sensata Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.35%. Sensata Technologies’s dividend payout ratio (DPR) is presently -959.81%.

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.