Jefferies Financial Group Research Analysts Raise Earnings Estimates for Sensata Technologies Holding plc (NYSE:ST)

Sensata Technologies Holding plc (NYSE:STGet Rating) – Stock analysts at Jefferies Financial Group lifted their Q3 2022 earnings per share estimates for shares of Sensata Technologies in a research note issued on Wednesday, April 27th. Jefferies Financial Group analyst D. Kelley now forecasts that the scientific and technical instruments company will earn $1.12 per share for the quarter, up from their prior estimate of $1.02. Jefferies Financial Group also issued estimates for Sensata Technologies’ Q4 2022 earnings at $1.09 EPS and FY2022 earnings at $3.83 EPS.

Several other brokerages have also commented on ST. Zacks Investment Research upgraded shares of Sensata Technologies from a “sell” rating to a “hold” rating and set a $50.00 price objective for the company in a report on Thursday. Barclays decreased their price objective on shares of Sensata Technologies from $70.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, April 7th. Truist Financial decreased their price objective on shares of Sensata Technologies from $62.00 to $55.00 and set a “hold” rating for the company in a report on Friday, April 8th. Cowen decreased their price objective on shares of Sensata Technologies from $70.00 to $65.00 in a report on Wednesday. Finally, UBS Group upgraded shares of Sensata Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $62.00 to $68.00 in a report on Monday, February 14th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $62.10.

Shares of NYSE ST opened at $46.38 on Friday. The company has a current ratio of 3.68, a quick ratio of 2.98 and a debt-to-equity ratio of 1.37. Sensata Technologies has a 12 month low of $43.61 and a 12 month high of $65.58. The firm has a market capitalization of $7.28 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 1.14 and a beta of 1.32. The firm has a fifty day simple moving average of $51.71 and a two-hundred day simple moving average of $56.39.

Sensata Technologies (NYSE:STGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The scientific and technical instruments company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.02. The business had revenue of $975.77 million during the quarter, compared to analysts’ expectations of $960.62 million. Sensata Technologies had a net margin of 9.52% and a return on equity of 19.20%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 EPS.

A number of large investors have recently added to or reduced their stakes in ST. Allspring Global Investments Holdings LLC bought a new stake in Sensata Technologies during the 4th quarter valued at about $100,615,000. Norges Bank bought a new stake in Sensata Technologies during the 4th quarter valued at about $60,725,000. Pictet Asset Management SA increased its stake in Sensata Technologies by 28.3% during the 4th quarter. Pictet Asset Management SA now owns 4,200,158 shares of the scientific and technical instruments company’s stock valued at $259,108,000 after purchasing an additional 926,093 shares in the last quarter. CI Investments Inc. increased its stake in Sensata Technologies by 31.8% during the 3rd quarter. CI Investments Inc. now owns 3,031,305 shares of the scientific and technical instruments company’s stock valued at $165,873,000 after purchasing an additional 730,522 shares in the last quarter. Finally, Epoch Investment Partners Inc. bought a new stake in Sensata Technologies during the 4th quarter valued at about $35,016,000. Institutional investors and hedge funds own 97.98% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 25th. Investors of record on Wednesday, May 11th will be paid a $0.11 dividend. The ex-dividend date is Tuesday, May 10th. This represents a $0.44 annualized dividend and a dividend yield of 0.95%.

Sensata Technologies Company Profile (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.

See Also

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

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