Sensata Technologies (NYSE:ST) Issues Q2 2024 Earnings Guidance

Sensata Technologies (NYSE:ST - Get Free Report) updated its second quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.890-0.950 for the period, compared to the consensus estimate of 0.920. The company issued revenue guidance of $1.0 billion-$1.1 billion, compared to the consensus revenue estimate of $1.0 billion. Sensata Technologies also updated its Q2 guidance to $0.89-0.95 EPS.

Sensata Technologies Stock Up 2.0 %

Shares of Sensata Technologies stock traded up $0.70 on Monday, hitting $35.68. 1,862,382 shares of the company's stock traded hands, compared to its average volume of 1,985,621. Sensata Technologies has a 52-week low of $30.56 and a 52-week high of $47.41. The company has a quick ratio of 1.69, a current ratio of 2.55 and a debt-to-equity ratio of 1.13. The stock has a market cap of $5.37 billion, a P/E ratio of -713.46, a PEG ratio of 0.85 and a beta of 1.37. The firm's 50-day moving average is $35.10 and its 200 day moving average is $34.65.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.05). The company 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 company's revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 earnings per share. Equities analysts anticipate that Sensata Technologies will post 3.72 earnings per share for the current year.

Sensata Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.35%. The ex-dividend date is Tuesday, May 7th. Sensata Technologies's dividend payout ratio is currently -959.81%.

Analyst Ratings Changes

Several brokerages have recently commented on ST. Stifel Nicolaus decreased their target price on Sensata Technologies from $40.00 to $36.00 and set a hold rating for the company in a research report on Wednesday, February 7th. Oppenheimer raised shares of Sensata Technologies from a market perform rating to an outperform rating and set a $50.00 price objective for the company in a report on Tuesday, January 30th. Truist Financial dropped their target price on shares of Sensata Technologies from $39.00 to $36.00 and set a hold rating on the stock in a report on Wednesday, February 7th. The Goldman Sachs Group reaffirmed a neutral rating and issued a $36.00 price target (down from $44.00) on shares of Sensata Technologies in a report on Tuesday, April 9th. Finally, Jefferies Financial Group initiated coverage on shares of Sensata Technologies in a research report on Tuesday, April 9th. They set a hold rating and a $40.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $39.25.

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.