Analysts Expect Sensata Technologies Holding (ST) Will Post Quarterly Sales of $819.66 Million

Analysts forecast that Sensata Technologies Holding (NYSE:ST) will post sales of $819.66 million for the current quarter, Zacks reports. Five analysts have provided estimates for Sensata Technologies’ earnings, with the highest sales estimate coming in at $826.52 million and the lowest estimate coming in at $815.00 million. Sensata Technologies reported sales of $788.40 million in the same quarter last year, which would suggest a positive year over year growth rate of 4%. The firm is expected to report 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 financial year, analysts forecast that the firm will post sales of $3.44 billion per share, with estimates ranging from $3.40 billion to $3.47 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Sensata Technologies.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.01. The company had revenue of $819.10 million during the quarter, compared to the consensus estimate of $803.14 million. Sensata Technologies had a return on equity of 25.75% and a net margin of 9.39%. Sensata Technologies’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 EPS.

Several research firms have issued reports on ST. Zacks Investment Research cut Sensata Technologies from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Cowen reaffirmed a “hold” rating and issued a $45.00 target price on shares of Sensata Technologies in a research note on Sunday, September 17th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Sensata Technologies currently has an average rating of “Hold” and an average price target of $54.50.

Shares of Sensata Technologies (ST) opened at $52.31 on Wednesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.04 and a current ratio of 2.76. The company has a market capitalization of $8,984.50, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 1.65 and a beta of 1.46. Sensata Technologies has a one year low of $38.71 and a one year high of $53.30.

In other Sensata Technologies news, EVP Steven Beringhause sold 7,588 shares of Sensata Technologies stock in a transaction that occurred on Wednesday, December 13th. The shares were 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 accessible through the SEC website. Also, EVP Jeffrey J. Cote sold 40,000 shares of Sensata Technologies stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $48.38, for a total transaction of $1,935,200.00. The disclosure for this sale can be found here. Insiders have sold 87,588 shares of company stock worth $4,258,599 in the last quarter. Company insiders own 1.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in ST. AXA increased its holdings in shares of Sensata Technologies by 26.0% during the 3rd quarter. AXA now owns 867,598 shares of the scientific and technical instruments company’s stock worth $41,706,000 after purchasing an additional 179,265 shares during the period. Crestwood Advisors Group LLC increased its holdings in shares of Sensata Technologies by 1.0% during the 3rd quarter. Crestwood Advisors Group LLC now owns 261,101 shares of the scientific and technical instruments company’s stock worth $12,551,000 after purchasing an additional 2,541 shares during the period. Yellowstone Partners LLC bought a new position in shares of Sensata Technologies during the 3rd quarter worth about $2,487,000. Neuberger Berman Group LLC increased its holdings in shares of Sensata Technologies by 5.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,909,627 shares of the scientific and technical instruments company’s stock worth $91,796,000 after purchasing an additional 102,880 shares during the period. Finally, California Public Employees Retirement System increased its holdings in shares of Sensata Technologies by 2.5% during the 3rd quarter. California Public Employees Retirement System now owns 349,571 shares of the scientific and technical instruments company’s stock worth $16,804,000 after purchasing an additional 8,671 shares during the period.

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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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Earnings History and Estimates for Sensata Technologies (NYSE:ST)

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