Sensata Technologies Holding PLC (ST) Expected to Announce Quarterly Sales of $908.32 Million

Brokerages forecast that Sensata Technologies Holding PLC (NYSE:ST) will report sales of $908.32 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Sensata Technologies’ earnings. The lowest sales estimate is $902.70 million and the highest is $918.51 million. Sensata Technologies posted sales of $839.87 million in the same quarter last year, which suggests a positive year over year growth rate of 8.2%. The firm is expected to report its next quarterly earnings results on Tuesday, July 24th.

On average, analysts expect that Sensata Technologies will report full year sales of $3.53 billion for the current year, with estimates ranging from $3.50 billion to $3.55 billion. For the next fiscal year, analysts forecast that the business will report sales of $3.67 billion per share, with estimates ranging from $3.61 billion to $3.82 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Sensata Technologies.

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Sensata Technologies (NYSE:ST) last released its quarterly earnings data on Tuesday, April 24th. The scientific and technical instruments company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. The business had revenue of $886.29 million during the quarter, compared to analyst estimates of $863.40 million. Sensata Technologies had a net margin of 12.61% and a return on equity of 25.32%. Sensata Technologies’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 EPS.

A number of brokerages have recently issued reports on ST. Zacks Investment Research upgraded shares of Sensata Technologies from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Tuesday, June 5th. ValuEngine lowered shares of Sensata Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Sensata Technologies currently has a consensus rating of “Buy” and a consensus target price of $56.58.

Shares of Sensata Technologies opened at $49.83 on Tuesday, according to Marketbeat. The stock has a market cap of $8.78 billion, a PE ratio of 15.62, a P/E/G ratio of 1.31 and a beta of 1.51. Sensata Technologies has a 52 week low of $41.10 and a 52 week high of $57.40. The company has a debt-to-equity ratio of 1.33, a current ratio of 3.03 and a quick ratio of 2.34.

In related news, EVP Jeffrey J. Cote sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $52.48, for a total value of $262,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas Wroe, Jr. sold 3,650 shares of the firm’s stock in a transaction on Wednesday, June 6th. The shares were sold at an average price of $54.33, for a total transaction of $198,304.50. Following the completion of the transaction, the director now directly owns 11,794 shares of the company’s stock, valued at approximately $640,768.02. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in shares of Sensata Technologies during the 1st quarter worth about $132,000. Advisor Group Inc. lifted its stake in shares of Sensata Technologies by 73.5% during the 4th quarter. Advisor Group Inc. now owns 2,731 shares of the scientific and technical instruments company’s stock worth $140,000 after buying an additional 1,157 shares during the last quarter. Perigon Wealth Management LLC acquired a new stake in shares of Sensata Technologies during the 1st quarter worth about $183,000. American International Group Inc. acquired a new stake in shares of Sensata Technologies during the 4th quarter worth about $193,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Sensata Technologies by 30.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,308 shares of the scientific and technical instruments company’s stock worth $327,000 after buying an additional 1,490 shares during the last quarter.

Sensata Technologies Company Profile

Sensata Technologies Holding PLC would be operating as a holding company for Sensata Technologies Holding N.V. that develops, manufactures, and sells sensors and controls in the Americas, Asia, and Europe. It operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment supplies pressure sensors, speed and position sensors, temperature sensors, and pressure switches.

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

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