Zacks: Brokerages Expect Sensata Technologies Holding (ST) Will Post Earnings of $0.84 Per Share

Equities analysts forecast that Sensata Technologies Holding (NYSE:ST) will announce $0.84 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Sensata Technologies’ earnings, with the highest EPS estimate coming in at $0.85 and the lowest estimate coming in at $0.83. Sensata Technologies reported earnings per share of $0.71 in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.3%. The business is scheduled to announce its next earnings results on Tuesday, April 24th.

According to Zacks, analysts expect that Sensata Technologies will report full-year earnings of $3.65 per share for the current fiscal year, with EPS estimates ranging from $3.58 to $3.68. For the next fiscal year, analysts anticipate that the business will report earnings of $3.99 per share, with EPS estimates ranging from $3.82 to $4.09. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Sensata Technologies.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings results on Thursday, February 1st. The scientific and technical instruments company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. Sensata Technologies had a return on equity of 25.40% and a net margin of 12.35%. The business had revenue of $840.53 million for the quarter, compared to the consensus estimate of $822.31 million. During the same period in the prior year, the firm posted $0.76 earnings per share. The business’s quarterly revenue was up 6.6% on a year-over-year basis.

ST has been the topic of several recent analyst reports. Oppenheimer reissued a “buy” rating and set a $62.00 target price (up from $57.00) on shares of Sensata Technologies in a research note on Wednesday, December 13th. Stifel Nicolaus increased their price objective on shares of Sensata Technologies from $55.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, December 13th. Royal Bank of Canada restated a “buy” rating and set a $55.00 price target on shares of Sensata Technologies in a report on Wednesday, December 13th. SunTrust Banks restated a “buy” rating and set a $53.00 price target on shares of Sensata Technologies in a report on Thursday, October 12th. Finally, JPMorgan Chase & Co. set a $60.00 price target on shares of Sensata Technologies and gave the stock a “buy” rating in a report on Wednesday, December 13th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $57.00.

Shares of Sensata Technologies (ST) opened at $53.33 on Wednesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.94 and a quick ratio of 2.23. Sensata Technologies has a 1-year low of $38.71 and a 1-year high of $57.40. The company has a market cap of $8,970.00, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 1.50 and a beta of 1.52.

In related news, EVP Steven Beringhause sold 7,588 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $51.18, for a total transaction of $388,353.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul B. Edgerley acquired 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were 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. 1.00% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Taylor Cottrill Erickson & Associates Inc. raised its position in shares of Sensata Technologies by 25.8% in the third 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 buying an additional 4,975 shares during the last quarter. Swiss National Bank raised its position in shares of Sensata Technologies by 1.2% in the third quarter. Swiss National Bank now owns 630,250 shares of the scientific and technical instruments company’s stock valued at $30,296,000 after buying an additional 7,700 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Sensata Technologies by 22.2% in the third quarter. Schroder Investment Management Group now owns 631,867 shares of the scientific and technical instruments company’s stock valued at $29,989,000 after buying an additional 114,867 shares during the last quarter. British Airways Pensions Investment Management Ltd acquired a new position in shares of Sensata Technologies in the third quarter valued at approximately $15,458,000. Finally, Russell Investments Group Ltd. raised its position in shares of Sensata Technologies by 13.9% in the third quarter. Russell Investments Group Ltd. now owns 984,131 shares of the scientific and technical instruments company’s stock valued at $47,305,000 after buying an additional 119,913 shares during the last quarter.

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

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