Sensata Tech (NYSE: ST) announced its earnings results on Wednesday. The company reported $0.47 earnings per share for the quarter, beating the analysts? consensus estimate of $0.46 by $0.01. The company had revenue of $445.40 million for the quarter, compared to the consensus estimate of $445.46 million. During the same quarter last year, the company posted $0.45 earnings per share. Sensata Tech?s revenue was down 1.8% compared to the same quarter last year. Sensata Tech updated its Q1 guidance to $0.43-0.47 EPS and its FY13 guidance to $2.00-2.20 EPS.
ST has been the subject of a number of recent research reports. Analysts at UBS AG upgraded shares of Sensata Tech from an ?equal weight? rating to an ?overweight? rating in a research note to investors on Monday. They now have a $43.00 price target on the stock, up previously from $34.00. On a related note, analysts at Barclays Capital downgraded shares of Sensata Tech to an ?equal weight? rating in a research note to investors on Monday. Finally, analysts at Barclays Capital upgraded shares of Sensata Tech from an ?equal weight? rating to an ?overweight? rating in a research note to investors on Monday. They now have a $43.00 price target on the stock, up previously from $33.00.
Six investment analysts have rated the stock with a buy rating, and four have issued a hold rating to the stock. The stock currently has a consensus rating of ?overweight? and an average target price of $34.28.
Shares of Sensata Tech (ST) opened at 34.69 on Wednesday. Sensata Tech (ST) has a 52 week low of $25.75 and a 52 week high of $35.55. The stock?s 50-day moving average is currently $32.66. The company has a market cap of $6.166 billion and a P/E ratio of 49.00.
Sensata Technologies Holding N.V. (Sensata Technologies Holding) is subsidiary of Sensata Investment Company S.