Equities analysts forecast that Sensata Technologies Ltd (NYSE:ST) will announce $908.32 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Sensata Technologies’ earnings, with the lowest sales estimate coming in at $902.70 million and the highest estimate coming in at $918.51 million. Sensata Technologies posted sales of $839.87 million during the same quarter last year, which would indicate a positive year over year growth rate of 8.2%. The company is scheduled to report its next quarterly earnings results on Tuesday, July 24th.
According to Zacks, analysts expect that Sensata Technologies will report full-year sales of $3.54 billion for the current financial year, with estimates ranging from $3.53 billion to $3.56 billion. For the next fiscal year, analysts expect that the company will report sales of $3.69 billion per share, with estimates ranging from $3.61 billion to $3.82 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Sensata Technologies.
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Sensata Technologies (NYSE:ST) last issued its earnings results on Tuesday, April 24th. The scientific and technical instruments company reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The business had revenue of $886.29 million during the quarter, compared to analysts’ expectations of $863.40 million. Sensata Technologies had a return on equity of 25.32% and a net margin of 12.61%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS.
A number of brokerages recently weighed in on ST. Zacks Investment Research upgraded Sensata Technologies from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Wednesday, January 10th. BMO Capital Markets restated a “hold” rating and set a $51.00 price objective on shares of Sensata Technologies in a research note on Tuesday, January 30th. Barclays upped their price objective on Sensata Technologies from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Stifel Nicolaus restated a “buy” rating and set a $63.00 price objective on shares of Sensata Technologies in a research note on Thursday, February 1st. Finally, Morgan Stanley upped their price objective on Sensata Technologies from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Sensata Technologies currently has a consensus rating of “Buy” and an average target price of $56.67.
Shares of NYSE ST opened at $49.59 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 3.03 and a quick ratio of 2.34. The firm has a market cap of $8,466.02, a P/E ratio of 15.63, a P/E/G ratio of 1.26 and a beta of 1.52. Sensata Technologies has a 1-year low of $38.71 and a 1-year high of $57.40.
In other news, EVP Jeffrey J. Cote sold 5,000 shares of the stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $52.48, for a total value of $262,400.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in Sensata Technologies by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,090,286 shares of the scientific and technical instruments company’s stock worth $52,406,000 after acquiring an additional 36,430 shares during the period. New England Research & Management Inc. acquired a new stake in Sensata Technologies during the fourth quarter worth about $491,000. American National Bank grew its holdings in Sensata Technologies by 6.4% during the fourth quarter. American National Bank now owns 77,989 shares of the scientific and technical instruments company’s stock worth $3,986,000 after acquiring an additional 4,667 shares during the period. Appleton Partners Inc. MA acquired a new stake in Sensata Technologies during the fourth quarter worth about $2,387,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in Sensata Technologies by 5.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 739,668 shares of the scientific and technical instruments company’s stock worth $37,805,000 after acquiring an additional 35,680 shares during the period.
Sensata Technologies Company Profile
Sensata Technologies Holding N.V. is an industrial technology company. The Company is engaged in the development, manufacture, and sale of sensors and controls. The Company operates through two segments: Performance Sensing and Sensing Solutions. It produces a range of sensors and controls for applications, such as pressure sensors in automotive systems, thermal circuit breakers in aircraft, and bimetal current and temperature control devices.
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