Equities analysts forecast that Sensata Technologies Holding (NYSE:ST) will post $819.66 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Sensata Technologies’ earnings, with estimates ranging from $815.00 million to $826.52 million. Sensata Technologies reported sales of $788.40 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4%. The firm is expected to issue its next quarterly earnings report on Thursday, February 1st.
According to Zacks, analysts expect that Sensata Technologies will report full year sales of $819.66 million for the current year, with estimates ranging from $3.28 billion to $3.29 billion. For the next fiscal year, analysts expect that the company will post sales of $3.44 billion per share, with estimates ranging from $3.40 billion to $3.47 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Sensata Technologies.
Sensata Technologies (NYSE:ST) last announced its earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. Sensata Technologies had a return on equity of 25.75% and a net margin of 9.39%. The company had revenue of $819.10 million during the quarter, compared to analysts’ expectations of $803.14 million. During the same period last year, the business posted $0.74 EPS. Sensata Technologies’s revenue for the quarter was up 3.7% on a year-over-year basis.
A number of equities analysts recently commented on ST shares. Zacks Investment Research upgraded Sensata Technologies from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Tuesday, September 12th. Oppenheimer restated a “buy” rating on shares of Sensata Technologies in a report on Tuesday, October 24th. SunTrust Banks lowered Sensata Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $55.00 price target on shares of Sensata Technologies in a research report on Thursday, October 26th. Finally, Cowen reaffirmed a “hold” rating and issued a $45.00 price target on shares of Sensata Technologies in a research report on Sunday, September 17th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $54.92.
In other Sensata Technologies news, EVP Steven Beringhause sold 7,588 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $51.18, for a total value of $388,353.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Paul B. Edgerley purchased 200,000 shares of Sensata Technologies stock in a transaction on Thursday, November 16th. The stock was bought at an average cost of $47.47 per share, for a total transaction of $9,494,000.00. The disclosure for this purchase can be found here. Insiders sold a total of 87,588 shares of company stock worth $4,258,599 in the last ninety days. 1.00% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Skba Capital Management LLC acquired a new stake in shares of Sensata Technologies during the 3rd quarter worth about $201,000. Tredje AP fonden raised its position in shares of Sensata Technologies by 174.7% during the 2nd quarter. Tredje AP fonden now owns 4,780 shares of the scientific and technical instruments company’s stock worth $204,000 after acquiring an additional 3,040 shares in the last quarter. Aberdeen Asset Management PLC UK acquired a new stake in shares of Sensata Technologies during the 2nd quarter worth about $206,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Sensata Technologies during the 2nd quarter worth about $216,000. Finally, QCM Cayman Ltd. raised its position in shares of Sensata Technologies by 1.4% during the 2nd quarter. QCM Cayman Ltd. now owns 5,210 shares of the scientific and technical instruments company’s stock worth $223,000 after acquiring an additional 74 shares in the last quarter.
Sensata Technologies (NYSE ST) opened at $52.16 on Friday. Sensata Technologies has a twelve month low of $38.71 and a twelve month high of $53.30. The company has a market capitalization of $8,818.34, a PE ratio of 29.30, a P/E/G ratio of 1.45 and a beta of 1.47. The company has a current ratio of 2.76, a quick ratio of 2.04 and a debt-to-equity ratio of 1.49.
About Sensata Technologies
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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