Sensata Technologies (NYSE:ST) Issues Q1 2024 Earnings Guidance

Sensata Technologies (NYSE:STGet 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:STGet 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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Tuesday, February 13th. Sensata Technologies’s dividend payout ratio (DPR) is currently -959.81%.

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.

Check Out Our Latest Stock Report on ST

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

(Get Free Report)

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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