Sensata Technologies (NYSE:ST) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Sensata Technologies (NYSE:ST) announced its quarterly earnings results on Monday. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.03, Briefing.com reports. Sensata Technologies had a positive return on equity of 17.47% and a negative net margin of 0.10%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $986.51 million. During the same period in the prior year, the firm earned $0.92 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Sensata Technologies updated its Q2 guidance to $0.89-0.95 EPS and its Q2 2024 guidance to 0.890-0.950 EPS.

Sensata Technologies Stock Performance

Shares of ST stock opened at $35.68 on Tuesday. 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 one year low of $30.56 and a one year high of $47.41. The company’s 50-day simple moving average is $35.10 and its 200-day simple moving average is $34.65. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of -713.46, a PEG ratio of 0.85 and a beta of 1.37.

Sensata Technologies Announces Dividend

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 given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.35%. Sensata Technologies’s payout ratio is -959.81%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ST shares. Jefferies Financial Group began coverage on Sensata Technologies in a report on Tuesday, April 9th. They issued a “hold” rating and a $40.00 price target for the company. Truist Financial decreased their price objective on shares of Sensata Technologies from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, February 7th. Stifel Nicolaus upped their price objective on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. cut shares of Sensata Technologies from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $37.00 to $34.00 in a research report on Monday, January 8th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price objective (down from $44.00) on shares of Sensata Technologies in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $40.13.

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.