Sensata Technologies Holding N.V. (ST) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.73 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.72. The company posted revenue of $827.50 million in the period, compared to analysts expectations of $823.78 million. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.
Many Wall Street Analysts have commented on Sensata Technologies Holding N.V.. Shares were Reiterated by RBC Capital Mkts on Jul 1, 2016 to “Sector Perform” and Lowered the Price Target to $ 38 from a previous price target of $40 .
Sensata Technologies Holding N.V. opened for trading at $36.33 and hit $37.52 on the upside on Wednesday, eventually ending the session at $37.24, with a gain of 2.73% or 0.99 points. The heightened volatility saw the trading volume jump to 20,40,146 shares. Company has a market cap of $6,351 M.
In a different news, on May 2, 2016, Martha N. Sullivan (President and CEO) sold 120,287 shares at $38.56 per share price. According to the SEC, on Nov 18, 2015, Martin J Carter (SVP, Sensing Solutions) sold 66,000 shares at $43.87 per share price. On Nov 4, 2015, Geert Braaksma (Vice President Global HVOR) sold 54,874 shares at $49.29 per share price, according to the Form-4 filing with the securities and exchange commission.
Sensata Technologies Holding N.V. is a global industrial technology company. The Company is engaged in the development manufacture and sale of sensors and controls. The Company’s operating segments include Sensors segment and Controls segment. The Company produce sensors and controls for applications such as thermal circuit breakers in aircraft pressure sensors in automotive systems and bimetal current and temperature control devices in electric motors. The Company’s sensors are customized devices that translate a physical phenomenon such as force or position into electronic signals that microprocessors or computer-based control systems can act upon. Its controls are customized devices embedded within systems to protect them from heat or current. The Company’s products include low- medium- and high-pressure sensors temperature sensors speed sensors position sensors force sensors motor protectors and thermal and magnetic-hydraulic circuit breakers and switches.