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

Sensata Technologies (NYSE:ST) issued an update on its third quarter 2019 earnings guidance on Tuesday morning. 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.

Shares of ST traded down $0.94 during trading hours on Friday, reaching $45.36. The stock had a trading volume of 188,117 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 stock’s 50-day moving average is $47.58. 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 firm has a market cap of $7.66 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 1.08 and a beta of 1.42.

Sensata Technologies (NYSE:ST) last issued its earnings results on Tuesday, July 30th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). Sensata Technologies had a return on equity of 24.35% and a net margin of 16.93%. 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 prior year, the business earned $0.93 earnings per share. Sensata Technologies’s revenue for the quarter was down 3.3% on a year-over-year basis. Sell-side analysts expect that Sensata Technologies will post 3.74 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on the company. ValuEngine raised Sensata Technologies from a sell rating to a hold rating in a research report on Thursday, April 18th. Longbow Research lowered Sensata Technologies from a buy rating to a neutral rating and set a $45.84 target price for the company. in a research report on Monday, June 17th. JPMorgan Chase & Co. lowered Sensata Technologies from an overweight rating to a neutral rating and decreased their target price for the company from $60.00 to $57.00 in a research report on Monday, April 22nd. Evercore ISI initiated coverage on Sensata Technologies in a research report on Wednesday, June 5th. They set an in-line rating and a $50.00 target price for the company. Finally, Morgan Stanley decreased their price objective on Sensata Technologies from $45.00 to $44.00 and set an underweight rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $52.53.

Sensata Technologies Company Profile

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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