Sensata Technologies (ST) Set to Announce Earnings on Monday

Sensata Technologies (NYSE:ST) is scheduled to announce its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.86 per share for the quarter. Sensata Technologies has set its Q1 2024 guidance at 0.820-0.880 EPS and its Q1 guidance at $0.82-0.88 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

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). The firm had revenue of $992.50 million during the quarter, compared to analyst estimates of $978.05 million. Sensata Technologies had a negative net margin of 0.10% and a positive return on equity of 17.47%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 earnings per share. On average, analysts expect Sensata Technologies to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Sensata Technologies Stock Performance

Shares of NYSE ST opened at $34.96 on Friday. The business has a fifty day simple moving average of $35.06 and a 200 day simple moving average of $34.71. The company has a current ratio of 2.55, a quick ratio of 1.69 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of -699.06, a PEG ratio of 0.84 and a beta of 1.37. Sensata Technologies has a one year low of $30.56 and a one year high of $47.41.

Sensata Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.37%. Sensata Technologies’s payout ratio is -959.81%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ST shares. Jefferies Financial Group started coverage on Sensata Technologies in a research note on Tuesday, April 9th. They set a “hold” rating and a $40.00 price objective for the company. Truist Financial dropped their price objective on Sensata Technologies from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, February 7th. Bank of America cut Sensata Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $46.00 to $38.00 in a report on Wednesday, February 7th. Stifel Nicolaus decreased their target price on Sensata Technologies from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Finally, Oppenheimer upgraded Sensata Technologies from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.25.

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.