Sensata Technologies (NYSE:ST) Posts Earnings Results

Sensata Technologies (NYSE:ST - Get Free Report) issued its earnings results on Monday. The scientific and technical instruments company reported $0.86 EPS for the quarter, meeting analysts' consensus estimates of $0.86, Briefing.com reports. Sensata Technologies had a return on equity of 17.57% and a net margin of 0.21%. The business had revenue of $982.80 million during the quarter, compared to analyst estimates of $983.93 million. During the same period in the prior year, the company posted $0.91 earnings per share. Sensata Technologies's revenue was down 1.8% on a year-over-year basis. Sensata Technologies updated its Q4 guidance to $0.71-0.76 EPS and its Q4 2024 guidance to 0.710-0.760 EPS.

Sensata Technologies Stock Performance

Sensata Technologies stock traded down $2.07 during trading on Tuesday, hitting $31.57. The stock had a trading volume of 3,304,608 shares, compared to its average volume of 1,866,986. Sensata Technologies has a 1 year low of $30.56 and a 1 year high of $43.14. The stock's 50 day moving average is $35.52 and its two-hundred day moving average is $37.68. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 789.45, a price-to-earnings-growth ratio of 1.36 and a beta of 1.25. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 1.06.

Sensata Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Wednesday, November 13th. Sensata Technologies's dividend payout ratio (DPR) is currently 1,200.30%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ST. Wolfe Research initiated coverage on Sensata Technologies in a research note on Thursday, September 5th. They issued a "peer perform" rating on the stock. Oppenheimer dropped their price objective on Sensata Technologies from $47.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday. Robert W. Baird dropped their price objective on Sensata Technologies from $40.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. cut their price objective on shares of Sensata Technologies from $34.00 to $32.00 and set an "underweight" rating on the stock in a research report on Tuesday. Finally, Vertical Research initiated coverage on shares of Sensata Technologies in a report on Tuesday, July 23rd. They issued a "buy" rating and a $55.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $40.80.

Sensata Technologies Company Profile

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.