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

Sensata Technologies (NYSE:ST - Get Free Report) issued its quarterly earnings results on Monday. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $986.51 million. During the same period last year, the company posted $0.92 EPS. The firm's quarterly revenue was up .9% on a year-over-year basis. 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 Up 7.0 %

NYSE ST traded up $2.52 during trading on Tuesday, reaching $38.28. The company's stock had a trading volume of 14,624,330 shares, compared to its average volume of 2,132,944. 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 stock has a market capitalization of $5.76 billion, a PE ratio of -765.45, a PEG ratio of 0.85 and a beta of 1.37. Sensata Technologies has a 1-year low of $30.56 and a 1-year high of $47.41. The business has a 50-day moving average price of $35.19 and a 200-day moving average price of $34.66.

Sensata Technologies Announces Dividend

The company also recently declared 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 is Tuesday, May 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.25%. Sensata Technologies's payout ratio is -959.81%.

Analyst Upgrades and Downgrades

ST has been the subject of a number of research reports. Oppenheimer upgraded shares of Sensata Technologies from a "market perform" rating to an "outperform" rating and set a $50.00 target price for the company in a report on Tuesday, January 30th. Stifel Nicolaus lifted their target price on Sensata Technologies from $36.00 to $43.00 and gave the stock a "hold" rating in a report on Tuesday. Evercore ISI upped their target price on Sensata Technologies from $36.00 to $44.00 and gave the company an "in-line" rating in a report on Tuesday. JPMorgan Chase & Co. cut Sensata Technologies from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from $37.00 to $34.00 in a research note on Monday, January 8th. Finally, Truist Financial upped their price objective on shares of Sensata Technologies from $36.00 to $46.00 and gave the company a "hold" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $42.00.

Sensata Technologies Company Profile

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.