Sensata Technologies (ST) Issues FY18 Earnings Guidance
Sensata Technologies (NYSE:ST) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $3.52-3.68 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.46. The company issued revenue guidance of $3.41 -3.51 billion, compared to the consensus revenue estimate of $3.42 billion.
A number of research firms have issued reports on ST. SunTrust Banks cut Sensata Technologies from a buy rating to a hold rating in a research note on Friday, December 1st. Stifel Nicolaus reissued a buy rating and issued a $55.00 target price on shares of Sensata Technologies in a research note on Thursday, October 26th. Citigroup boosted their target price on Sensata Technologies from $49.00 to $55.00 and gave the company a neutral rating in a research note on Wednesday, October 25th. Oppenheimer reissued a buy rating on shares of Sensata Technologies in a research note on Tuesday, October 24th. Finally, Zacks Investment Research cut Sensata Technologies from a buy rating to a hold rating in a research report on Tuesday, October 24th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $51.00.
Sensata Technologies (NYSE:ST) traded down $0.15 during mid-day trading on Tuesday, hitting $47.90. The stock had a trading volume of 975,500 shares, compared to its average volume of 1,293,583. 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 firm has a market capitalization of $8,600.00, a PE ratio of 15.55, a P/E/G ratio of 1.51 and a beta of 1.46. Sensata Technologies has a 52 week low of $38.71 and a 52 week high of $50.83.
In related news, Director Paul B. Edgerley bought 200,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were acquired at an average price of $47.47 per share, for a total transaction of $9,494,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeffrey J. Cote sold 40,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $48.38, for a total value of $1,935,200.00. The disclosure for this sale can be found here. Insiders have sold 80,000 shares of company stock valued at $3,870,245 over the last ninety days. 1.00% of the stock is owned by insiders.
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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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