Sensata Technologies (NYSE:ST) Issues Q2 Earnings Guidance

Sensata Technologies (NYSE:STGet Rating) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.78-$0.87 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.97. The company issued revenue guidance of $990 million – $1.03 billion, compared to the consensus revenue estimate of $1.05 billion.Sensata Technologies also updated its FY22 guidance to $3.80-$4.06 EPS.

Several brokerages have issued reports on ST. Robert W. Baird lowered Sensata Technologies from an outperform rating to a neutral rating and set a $67.00 target price for the company. in a research note on Friday, January 14th. Truist Financial cut their target price on Sensata Technologies from $62.00 to $55.00 and set a hold rating for the company in a research note on Friday, April 8th. Barclays decreased their target price on Sensata Technologies from $70.00 to $63.00 and set an overweight rating for the company in a report on Thursday, April 7th. UBS Group upgraded Sensata Technologies from a neutral rating to a buy rating and increased their price objective for the stock from $62.00 to $68.00 in a report on Monday, February 14th. Finally, StockNews.com initiated coverage on shares of Sensata Technologies in a research note on Thursday, March 31st. They set a hold rating for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of $65.10.

ST opened at $48.73 on Tuesday. The company has a current ratio of 3.68, a quick ratio of 2.98 and a debt-to-equity ratio of 1.37. The company has a market cap of $7.65 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.14 and a beta of 1.32. The company’s 50 day moving average is $52.47 and its 200 day moving average is $56.61. Sensata Technologies has a 12-month low of $46.74 and a 12-month high of $65.58.

Sensata Technologies (NYSE:STGet Rating) last issued its quarterly earnings results on Tuesday, February 1st. The scientific and technical instruments company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.06. Sensata Technologies had a net margin of 9.52% and a return on equity of 19.20%. The business had revenue of $934.60 million for the quarter, compared to the consensus estimate of $918.68 million. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, analysts predict that Sensata Technologies will post 3.94 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. CIBC World Markets Inc. increased its position in Sensata Technologies by 18.9% in the fourth quarter. CIBC World Markets Inc. now owns 4,429 shares of the scientific and technical instruments company’s stock worth $273,000 after purchasing an additional 704 shares during the last quarter. MML Investors Services LLC increased its position in Sensata Technologies by 6.0% in the fourth quarter. MML Investors Services LLC now owns 24,879 shares of the scientific and technical instruments company’s stock worth $1,535,000 after purchasing an additional 1,399 shares during the last quarter. Marshall Wace LLP bought a new stake in Sensata Technologies in the fourth quarter worth $7,426,000. Stifel Financial Corp increased its position in Sensata Technologies by 9.8% during the fourth quarter. Stifel Financial Corp now owns 68,449 shares of the scientific and technical instruments company’s stock valued at $4,223,000 after acquiring an additional 6,129 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in Sensata Technologies by 115.7% during the fourth quarter. Advisors Asset Management Inc. now owns 8,821 shares of the scientific and technical instruments company’s stock valued at $544,000 after acquiring an additional 4,731 shares during the last quarter. Hedge funds and other institutional investors own 97.98% of the company’s stock.

About Sensata Technologies (Get Rating)

Sensata Technologies Holding plc develops, manufactures, and sells sensors, sensor-based solutions, controls, and other products in the Americas, Europe, Asia, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures sensors, high-voltage contactors, and other solutions used in mission-critical systems and applications, such as tire pressure monitoring, thermal management, electrical protection, regenerative braking, powertrain (engine/transmission), and exhaust management.

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Earnings History and Estimates for Sensata Technologies (NYSE:ST)

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