Analysts Anticipate Sensata Technologies Holding PLC (NYSE:ST) Will Announce Quarterly Sales of $855.78 Million

Brokerages expect Sensata Technologies Holding PLC (NYSE:ST) to report $855.78 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Sensata Technologies’ earnings. The lowest sales estimate is $852.80 million and the highest is $860.10 million. Sensata Technologies reported sales of $873.55 million during the same quarter last year, which would suggest a negative year over year growth rate of 2%. The business is expected to report its next earnings report on Tuesday, October 29th.

On average, analysts expect that Sensata Technologies will report full year sales of $3.48 billion for the current fiscal year, with estimates ranging from $3.47 billion to $3.49 billion. For the next year, analysts forecast that the firm will post sales of $3.61 billion, with estimates ranging from $3.47 billion to $3.67 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Sensata Technologies.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Tuesday, July 30th. The scientific and technical instruments company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.01). Sensata Technologies had a net margin of 16.16% and a return on equity of 23.71%. The firm had revenue of $883.70 million for the quarter, compared to analyst estimates of $898.90 million. During the same period last year, the company earned $0.93 EPS. The company’s revenue was down 3.3% compared to the same quarter last year.

ST has been the topic of several research reports. Longbow Research lowered Sensata Technologies from a “buy” rating to a “neutral” rating and set a $45.84 price target on the stock. in a research note on Monday, June 17th. Zacks Investment Research raised Sensata Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley cut their price target on Sensata Technologies from $45.00 to $44.00 and set an “underweight” rating on the stock in a research note on Wednesday. SunTrust Banks set a $53.00 price target on Sensata Technologies and gave the company a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered Sensata Technologies from an “overweight” rating to a “neutral” rating and cut their price target for the company from $60.00 to $57.00 in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $52.53.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Investors Research Corp bought a new stake in shares of Sensata Technologies in the first quarter worth about $27,000. Buffington Mohr McNeal bought a new stake in shares of Sensata Technologies in the first quarter worth about $29,000. Coastal Investment Advisors Inc. bought a new stake in shares of Sensata Technologies in the second quarter worth about $47,000. Quadrant Capital Group LLC increased its holdings in shares of Sensata Technologies by 6,773.7% in the first quarter. Quadrant Capital Group LLC now owns 1,306 shares of the scientific and technical instruments company’s stock worth $57,000 after acquiring an additional 1,287 shares in the last quarter. Finally, Advisory Services Network LLC increased its holdings in shares of Sensata Technologies by 26.8% in the fourth quarter. Advisory Services Network LLC now owns 1,657 shares of the scientific and technical instruments company’s stock worth $74,000 after acquiring an additional 350 shares in the last quarter. Institutional investors and hedge funds own 94.00% of the company’s stock.

Shares of ST traded down $0.27 during trading hours on Friday, hitting $46.03. 803,211 shares of the stock traded hands, compared to its average volume of 842,685. The company has a quick ratio of 2.20, a current ratio of 3.13 and a debt-to-equity ratio of 1.24. Sensata Technologies has a 1-year low of $40.78 and a 1-year high of $56.28. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 1.06 and a beta of 1.43. The firm has a fifty day simple moving average of $47.56.

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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