Sensata Technologies (NYSE:ST) Releases Earnings Results, Beats Estimates By $0.17 EPS

Sensata Technologies (NYSE:ST) posted its quarterly earnings data on Tuesday. The scientific and technical instruments company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.17, FiscalAI reports. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $972.97 million. Sensata Technologies had a net margin of 2.37% and a return on equity of 18.68%.

Sensata Technologies Trading Up 4.0%

Shares of NYSE:ST traded up $1.61 during trading on Tuesday, reaching $42.30. 1,976,437 shares of the stock were exchanged, compared to its average volume of 1,820,951. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.58 and a current ratio of 2.29. Sensata Technologies has a 12-month low of $28.16 and a 12-month high of $53.89. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 70.50, a price-to-earnings-growth ratio of 1.22 and a beta of 1.25. The firm’s 50-day moving average price is $42.18 and its 200 day moving average price is $41.70.

Sensata Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, November 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.1%. Sensata Technologies’s payout ratio is presently 80.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Barclays boosted their target price on shares of Sensata Technologies from $53.00 to $55.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Bank of America increased their price target on shares of Sensata Technologies from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Oppenheimer boosted their price objective on shares of Sensata Technologies from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Weiss Ratings downgraded Sensata Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Finally, UBS Group cut their target price on Sensata Technologies from $57.00 to $54.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $48.80.

Sensata Technologies Company Profile

Sensata Technologies Holding plc (NYSE: ST) is a global developer and manufacturer of sensing, control and protection solutions. The company supplies components that help monitor conditions, improve safety and efficiency, and support automated decision-making in vehicles, industrial equipment and other systems.

Its products include pressure, temperature, position, speed, force, current and fluid-level sensors, along with circuit breakers, controls and other protection devices. Sensata’s technologies are used in applications such as automotive systems, heavy-duty vehicles, industrial machinery, heating and air-conditioning equipment, aerospace and defense, energy infrastructure, and data centers.

Sensata serves original equipment manufacturers and other industrial customers across North America, Europe, Asia and additional international markets.