Sensata Technologies (NYSE:ST) Releases FY22 Earnings Guidance

Sensata Technologies (NYSE:ST – Get Rating) issued an update on its FY22 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.80-$4.06 for the period, compared to the Thomson Reuters consensus estimate of $3.94. The company issued revenue guidance of $4.125-$4.275 billion, compared to the consensus revenue estimate of $4.20 billion.Sensata Technologies also updated its Q2 guidance to $0.78-$0.87 EPS.

Sensata Technologies stock opened at $48.73 on Tuesday. The company’s 50 day simple moving average is $52.47 and its 200 day simple moving average is $56.61. Sensata Technologies has a fifty-two week low of $46.74 and a fifty-two week high of $65.58. The firm has a market capitalization 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 has a debt-to-equity ratio of 1.37, a current ratio of 3.68 and a quick ratio of 2.98.

Sensata Technologies (NYSE:ST – Get Rating) last released its quarterly earnings data on Tuesday, February 1st. The scientific and technical instruments company reported $0.87 earnings per share for the quarter, topping 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 analyst estimates of $918.68 million. During the same quarter last year, the firm earned $0.85 EPS. Sensata Technologies’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, analysts predict that Sensata Technologies will post 3.94 EPS for the current fiscal year.

Several analysts have commented on the stock. Morgan Stanley dropped their target price on shares of Sensata Technologies from $75.00 to $71.00 and set an overweight rating on the stock in a report on Wednesday, February 2nd. Robert W. Baird downgraded shares of Sensata Technologies from an outperform rating to a neutral rating and set a $67.00 target price on the stock. in a report on Friday, January 14th. Barclays dropped their target price on shares of Sensata Technologies from $70.00 to $63.00 and set an overweight rating on the stock in a report on Thursday, April 7th. UBS Group upgraded shares of Sensata Technologies from a neutral rating to a buy rating and raised their target price for the stock from $62.00 to $68.00 in a report on Monday, February 14th. Finally, StockNews.com started coverage on shares of Sensata Technologies in a report on Thursday, March 31st. They set a hold rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $65.10.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its position in Sensata Technologies by 1.9% during the fourth quarter. BlackRock Inc. now owns 10,190,269 shares of the scientific and technical instruments company’s stock worth $628,639,000 after acquiring an additional 192,222 shares in the last quarter. Comerica Bank raised its position in Sensata Technologies by 18.8% during the fourth quarter. Comerica Bank now owns 151,966 shares of the scientific and technical instruments company’s stock worth $8,817,000 after acquiring an additional 24,024 shares in the last quarter. Allianz Asset Management GmbH raised its position in Sensata Technologies by 63.3% during the fourth quarter. Allianz Asset Management GmbH now owns 766,183 shares of the scientific and technical instruments company’s stock worth $47,266,000 after acquiring an additional 297,121 shares in the last quarter. Toroso Investments LLC bought a new stake in Sensata Technologies during the fourth quarter worth $207,000. Finally, California State Teachers Retirement System raised its position in Sensata Technologies by 2.4% during the fourth quarter. California State Teachers Retirement System now owns 294,537 shares of the scientific and technical instruments company’s stock worth $18,170,000 after acquiring an additional 7,002 shares in the last quarter. 97.98% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Stories