Sensata Technologies (NYSE:ST) Announces Quarterly Earnings Results

Key Points

• Sensata Technologies exceeded quarterly expectations, reporting earnings of $1.13 per share versus the $0.96 analyst consensus and revenue of approximately $1.0 billion versus expectations of $972.97 million.
• The stock rose 4.0% to $42.30 following the results, while trading below its 52-week high of $53.89. Analysts maintain an average “Hold” rating with an average price target of $48.80.
• Sensata declared a quarterly dividend of $0.12 per share, equivalent to an annualized payout of $0.48 and a 1.1% yield; the dividend will be paid November 25 to shareholders of record November 11.

Sensata Technologies (NYSE:ST - Get Free Report) released its quarterly earnings results on Tuesday. The scientific and technical instruments company reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.17, FiscalAI reports. Sensata Technologies had a return on equity of 18.68% and a net margin of 2.37%. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $972.97 million.

Sensata Technologies Trading Up 4.0%

Shares of Sensata Technologies stock traded up $1.61 during trading hours on Tuesday, reaching $42.30. 1,976,437 shares of the company's stock were exchanged, compared to its average volume of 1,820,951. Sensata Technologies has a 52-week low of $28.16 and a 52-week high of $53.89. The company has a fifty day moving average of $42.18 and a 200-day moving average of $41.70. The company has a current ratio of 2.29, a quick ratio of 1.58 and a debt-to-equity ratio of 0.83. The firm has a market capitalization 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.

Sensata Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 10th. Sensata Technologies's dividend payout ratio is currently 80.00%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Bank of America lifted their price objective on Sensata Technologies from $46.00 to $48.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. UBS Group reduced their target price on shares of Sensata Technologies from $57.00 to $54.00 and set a "buy" rating on the stock in a report on Wednesday, October 7th. Barclays upped 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. Wall Street Zen cut shares of Sensata Technologies from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 20th. Finally, Weiss Ratings downgraded shares of Sensata Technologies from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently 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.

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