Sensata Technologies (NYSE:ST) Releases Q3 2019 Earnings Guidance

Sensata Technologies (NYSE:ST) updated its third quarter 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.88-0.92 for the period, compared to the Thomson Reuters consensus estimate of $1.02. The company issued revenue guidance of $847-871 million, compared to the consensus revenue estimate of $894.41 million.Sensata Technologies also updated its FY 2019 guidance to $3.67-3.77 EPS.

Several equities research analysts have weighed in on the company. SunTrust Banks set a $53.00 target price on Sensata Technologies and gave the stock a hold rating in a research note on Wednesday. Evercore ISI assumed coverage on Sensata Technologies in a research note on Wednesday, June 5th. They set an in-line rating and a $50.00 target price for the company. Zacks Investment Research upgraded Sensata Technologies from a sell rating to a hold rating in a research note on Wednesday. JPMorgan Chase & Co. cut Sensata Technologies from an overweight rating to a neutral rating and cut their target price for the stock from $60.00 to $57.00 in a research note on Monday, April 22nd. Finally, ValuEngine upgraded Sensata Technologies from a sell rating to a hold rating in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Sensata Technologies presently has a consensus rating of Hold and a consensus target price of $52.53.

Shares of ST traded down $1.08 during trading hours on Friday, reaching $45.22. The stock had a trading volume of 7,262 shares, compared to its average volume of 733,876. Sensata Technologies has a 12 month low of $40.78 and a 12 month high of $56.28. The company has a market cap of $7.66 billion, a PE ratio of 12.39, a PEG ratio of 1.08 and a beta of 1.42. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.96 and a quick ratio of 2.20. The stock has a 50-day moving average price of $47.58.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Tuesday, July 30th. The scientific and technical instruments company reported $0.93 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). Sensata Technologies had a net margin of 16.93% and a return on equity of 24.35%. The firm had revenue of $883.70 million during the quarter, compared to the consensus estimate of $898.90 million. During the same quarter in the previous year, the company posted $0.93 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. On average, research analysts predict that Sensata Technologies will post 3.74 EPS for the current year.

About Sensata Technologies

Sensata Technologies Holding plc, through its subsidiary, Sensata Technologies Holding N.V., develops, manufactures, and sells a range of sensors and controls in the Americas, Asia, Europe, and internationally. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures pressure sensors, speed and position sensors, and temperature sensors.

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

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