ST Stock Recent News

Sensata Technologies Holding Plc's stock ST, -0.61% fell 1.6% early Tuesday, after the maker of sensors and senor-based technology for the automotive and aerospace industries, lowered full-year guidance to reflect the impact of the UAW strike. The company posted net income of $62.8 million, or 41 cents a share, for the third quarter, down from $140.3 million, or 91 cents a share, in the year-earlier period.

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Sensata recently detailed its strategic outlook till 2026, emphasizing its role in the evolving automotive electrification. The company has set aggressive revenue and margin targets, aiming for a 7%-9% revenue CAGR by 2026, focusing on electrification. Electrification and cost management are primary drivers for Sensata, targeting electrification to contribute 40% of total revenue by 2026.

Sensata's (ST) latest addition to the portfolio is the range of new Electrified Flight (SELF) contactors. These are designed and tested to meet the demands of electric aircraft.

SWINDON, United Kingdom--(BUSINESS WIRE)--Sensata Technologies (NYSE: ST) today announced that it will disclose its third quarter 2023 financial results on Tuesday, October 31, 2023, at 6:00 a.m. Eastern Time. Sensata will then host a live conference call and webcast on the same day at 8:00 a.m. Eastern Time to discuss the results and business performance. The webcast and subsequent replay will be available on the investor relations page of the Company's website at http://investors.sensata.com.

Sensata (ST) also announces a new share buyback program worth $500 million and reiterates guidance for the third quarter of 2023.

Sensata (ST) unveils two bidirectional contactors. The recent launch is a part of ST's new GTM contactor product line which boasts GTMS technology.

Sensata (ST) reported earnings 30 days ago. What's next for the stock?

Sensata (ST) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.83 per share a year ago.

US vehicle sales increased by over 20% month-on-month in June, which is positive for auto equipment producers such as Sensata Technologies. ST is a leading manufacturer of sensors and controls, with potential growth in its Automotive segment due to the rise of electrification and AV technology. Despite a lukewarm chart, ST's low valuation, solid free cash flow, and robust auto sales make it a promising buy, with the potential for an earnings beat in the near future.