Sensata Technologies (NYSE:ST – Get Free Report) issued an update on its first quarter 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.820-0.880 for the period, compared to the consensus EPS estimate of 0.920. The company issued revenue guidance of $970.0 million-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Sensata Technologies also updated its Q1 guidance to $0.82-0.88 EPS.
Sensata Technologies Stock Down 1.4 %
ST opened at $32.70 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.55 and a debt-to-equity ratio of 1.13. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of -653.87, a PEG ratio of 0.78 and a beta of 1.39. Sensata Technologies has a twelve month low of $30.56 and a twelve month high of $52.74. The company’s 50-day moving average price is $35.41 and its two-hundred day moving average price is $36.20.
Sensata Technologies (NYSE:ST – Get Free Report) last released its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). The company had revenue of $992.50 million during the quarter, compared to analysts’ expectations of $978.05 million. Sensata Technologies had a negative net margin of 0.10% and a positive return on equity of 17.47%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 earnings per share. As a group, equities analysts expect that Sensata Technologies will post 3.85 earnings per share for the current year.
Sensata Technologies Dividend Announcement
Analysts Set New Price Targets
ST has been the topic of several research reports. Oppenheimer raised shares of Sensata Technologies from a market perform rating to an outperform rating and set a $50.00 price target on the stock in a research report on Tuesday, January 30th. Truist Financial lowered their price target on shares of Sensata Technologies from $39.00 to $36.00 and set a hold rating on the stock in a research report on Wednesday. Bank of America lowered shares of 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. JPMorgan Chase & Co. lowered shares of Sensata Technologies from a neutral rating to an underweight rating and decreased their target price for the stock from $37.00 to $34.00 in a report on Monday, January 8th. Finally, Stifel Nicolaus decreased their target price on shares of Sensata Technologies from $40.00 to $36.00 and set a hold rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $39.67.
Hedge Funds Weigh In On Sensata Technologies
A number of institutional investors have recently made changes to their positions in the stock. Citigroup Inc. increased its holdings in shares of Sensata Technologies by 9.0% in the 3rd quarter. Citigroup Inc. now owns 65,851 shares of the scientific and technical instruments company’s stock worth $2,490,000 after buying an additional 5,421 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Sensata Technologies in the 3rd quarter valued at $424,000. Morgan Stanley boosted its stake in shares of Sensata Technologies by 3.2% in the 3rd quarter. Morgan Stanley now owns 2,375,363 shares of the scientific and technical instruments company’s stock valued at $89,836,000 after purchasing an additional 73,859 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Sensata Technologies by 119.1% in the 3rd quarter. Sei Investments Co. now owns 132,392 shares of the scientific and technical instruments company’s stock valued at $5,007,000 after purchasing an additional 71,969 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Sensata Technologies by 80.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 399,183 shares of the scientific and technical instruments company’s stock valued at $15,097,000 after purchasing an additional 177,641 shares in the last quarter. Institutional investors own 96.46% of the company’s stock.
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. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures sensors, high-voltage solutions, and other solutions used in mission-critical systems and applications, such as tire pressure monitoring, thermal management, electrical protection, regenerative braking, powertrain (engine/transmission), exhaust management, and operator controls for automobiles, on-road trucks, and off-road equipment customers.
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