Sensata Technologies Holding N.V. to Post FY2017 Earnings of $3.17 Per Share, SunTrust Banks Forecasts (NYSE:ST)

Sensata Technologies Holding N.V. (NYSE:ST) – SunTrust Banks lifted their FY2017 earnings estimates for Sensata Technologies Holding N.V. in a note issued to investors on Tuesday, Zacks Investment Research reports. SunTrust Banks analyst W. Stein now forecasts that the scientific and technical instruments company will post earnings per share of $3.17 for the year, up from their prior estimate of $3.15. SunTrust Banks currently has a “Buy” rating and a $53.00 target price on the stock.

Sensata Technologies Holding N.V. (NYSE:ST) last announced its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. Sensata Technologies Holding N.V. had a net margin of 9.39% and a return on equity of 25.75%. The company had revenue of $819.10 million during the quarter, compared to analyst estimates of $803.14 million. During the same quarter last year, the business posted $0.74 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis.

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A number of other research analysts also recently issued reports on ST. BMO Capital Markets set a $42.00 price objective on shares of Sensata Technologies Holding N.V. and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Zacks Investment Research raised shares of Sensata Technologies Holding N.V. from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Tuesday, September 12th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Sensata Technologies Holding N.V. in a research report on Tuesday, October 24th. Cowen and Company reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Sensata Technologies Holding N.V. in a research report on Sunday, September 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $50.00 price objective (up previously from $46.00) on shares of Sensata Technologies Holding N.V. in a research report on Wednesday, July 26th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $51.00.

Shares of Sensata Technologies Holding N.V. (NYSE:ST) traded down $0.02 on Thursday, reaching $47.89. 669,300 shares of the company were exchanged, compared to its average volume of 1,317,485. The company has a quick ratio of 2.04, a current ratio of 2.76 and a debt-to-equity ratio of 1.49. The company has a market cap of $8,206.81, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46. Sensata Technologies Holding N.V. has a one year low of $36.32 and a one year high of $50.83.

In other Sensata Technologies Holding N.V. news, COO Jeffrey J. Cote sold 26,689 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $48.05, for a total transaction of $1,282,406.45. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders have sold 80,000 shares of company stock worth $3,870,245. 1.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Taylor Cottrill Erickson & Associates Inc. lifted its stake in Sensata Technologies Holding N.V. by 25.8% during the 3rd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 24,275 shares of the scientific and technical instruments company’s stock valued at $1,167,000 after acquiring an additional 4,975 shares during the period. Capital Advisors Inc. OK acquired a new position in shares of Sensata Technologies Holding N.V. in the 2nd quarter valued at $7,549,000. Rhumbline Advisers acquired a new position in shares of Sensata Technologies Holding N.V. in the 2nd quarter valued at $7,016,000. AXA lifted its stake in shares of Sensata Technologies Holding N.V. by 24.2% in the 2nd quarter. AXA now owns 688,333 shares of the scientific and technical instruments company’s stock valued at $29,406,000 after purchasing an additional 134,244 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Sensata Technologies Holding N.V. by 18.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,720,010 shares of the scientific and technical instruments company’s stock valued at $201,639,000 after purchasing an additional 725,786 shares during the period.

About Sensata Technologies Holding N.V.

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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Earnings History and Estimates for Sensata Technologies Holding N.V. (NYSE:ST)

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