Brokers Offer Predictions for Sensata Technologies Holding PLC’s Q3 2020 Earnings (NYSE:ST)

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Sensata Technologies Holding PLC (NYSE:ST) – Equities research analysts at Jefferies Financial Group upped their Q3 2020 earnings per share estimates for Sensata Technologies in a research report issued to clients and investors on Wednesday, February 12th. Jefferies Financial Group analyst D. Kelley now expects that the scientific and technical instruments company will post earnings of $0.98 per share for the quarter, up from their prior estimate of $0.92. Jefferies Financial Group also issued estimates for Sensata Technologies’ Q4 2020 earnings at $0.99 EPS, FY2020 earnings at $3.55 EPS, Q1 2021 earnings at $0.82 EPS, Q2 2021 earnings at $1.02 EPS, Q3 2021 earnings at $1.07 EPS and Q4 2021 earnings at $1.06 EPS.

Several other equities analysts have also recently issued reports on the stock. Cross Research cut shares of Sensata Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Wolfe Research cut shares of Sensata Technologies from an “outperform” rating to a “peer perform” rating and set a $55.00 price objective on the stock. in a research note on Friday, November 22nd. Royal Bank of Canada started coverage on shares of Sensata Technologies in a research note on Tuesday, December 17th. They issued an “outperform” rating and a $62.00 price objective on the stock. Zacks Investment Research raised shares of Sensata Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, Oppenheimer started coverage on shares of Sensata Technologies in a research note on Tuesday. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $53.61.

Shares of ST opened at $48.88 on Friday. The firm’s 50 day moving average is $50.97 and its 200-day moving average is $49.90. The stock has a market capitalization of $7.83 billion, a P/E ratio of 16.57, a P/E/G ratio of 1.11 and a beta of 1.41. The company has a debt-to-equity ratio of 1.25, a current ratio of 3.14 and a quick ratio of 2.33. Sensata Technologies has a 12-month low of $42.50 and a 12-month high of $54.72.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.02. The company had revenue of $846.70 million for the quarter, compared to analysts’ expectations of $827.46 million. Sensata Technologies had a net margin of 14.00% and a return on equity of 22.78%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.

Several institutional investors have recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. increased its position in shares of Sensata Technologies by 65.8% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 494 shares of the scientific and technical instruments company’s stock worth $28,000 after acquiring an additional 196 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Sensata Technologies by 2.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 10,271 shares of the scientific and technical instruments company’s stock worth $553,000 after acquiring an additional 247 shares in the last quarter. Stifel Financial Corp increased its position in shares of Sensata Technologies by 0.3% in the fourth quarter. Stifel Financial Corp now owns 107,576 shares of the scientific and technical instruments company’s stock worth $5,801,000 after acquiring an additional 298 shares in the last quarter. M&T Bank Corp increased its position in shares of Sensata Technologies by 0.9% in the fourth quarter. M&T Bank Corp now owns 57,924 shares of the scientific and technical instruments company’s stock worth $3,120,000 after acquiring an additional 495 shares in the last quarter. Finally, World Asset Management Inc increased its position in shares of Sensata Technologies by 10.7% in the third quarter. World Asset Management Inc now owns 5,562 shares of the scientific and technical instruments company’s stock worth $278,000 after acquiring an additional 538 shares in the last quarter. 93.55% of the stock is currently owned by institutional investors and hedge funds.

Sensata Technologies Company Profile

Sensata Technologies Holding plc, through its subsidiary, Sensata Technologies Holding N.V., develops, manufactures, and sells a range of sensors and controls in the Americas, Asia, Europe, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures pressure sensors, speed and position sensors, and temperature sensors.

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Earnings History and Estimates for Sensata Technologies (NYSE:ST)

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