Stock Monitor: Cognex Post Earnings Reporting
LONDON, UK / ACCESSWIRE / February 22, 2018 / Active-Investors.com has just released a free earnings report on Sensata Technologies Holding N.V. (NYSE: ST) ("Sensata"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=ST. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on February 01, 2018. The maker of sensing, electrical protection, control, and power management products outperformed top- and bottom-line expectations, and provided guidance for the upcoming quarter and fiscal year. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Sensata Technologies Holding most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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Earnings Highlights and Summary
For the fourth quarter of 2017, Sensata's revenues grew 6.6% to $840.5 million from $788.4 million in Q4 2016. Excluding a 1.4% positive effect from changes in foreign exchange rates, the Company recorded an organic revenue growth of 5.2% in the reported quarter. Sensata's revenue numbers topped analysts' estimates of $817.9 million.
For Q4 2017, Sensata's net income was $169.1 million, or $0.98 per diluted share, compared to $66.5 million, or $0.39 per diluted share, in Q4 2016. The Company's adjusted net income totaled $149.4 million, or $0.87 per diluted share, for the reported quarter compared to $131.0 million, or $0.76 per diluted share, in the year earlier same quarter. Changes in foreign exchange rates increased Sensata's adjusted earnings per share (EPS) by $0.04 in Q4 2017 compared to Q4 2016. The Company's earnings numbers beat Wall Street's estimates of $0.85 per share.
For the full year FY17, Sensata's revenues were $3.31 billion, reflecting an increase of 3.3% from $3.20 billion for FY16. Excluding a 0.7% negative effect from changes in foreign exchange rates, Sensata reported an organic revenue growth of 4.0% in FY17.
For FY17, Sensata recorded a net income of $408.4 million, or $2.37 per diluted share, compared to $262.4 million, or $1.53 per diluted share, in FY16. The Company's adjusted net income was $548.7 million, or $3.19 per diluted share, for FY17 compared to $494.8 million, or $2.89 per diluted share, for FY16.
Segment Results
During Q4 2017, Sensata's Performance Sensing segment's revenues totaled $634.70 million, up 7.9% compared to $587.99 million in Q4 2016. The segment's profit was $180.70 million in the reported quarter versus $161.99 million in the year earlier comparable quarter.
For Q4 2017, Sensata's Sensing Solutions segment's reported revenues advanced 11.9% to $180.70 million compared to $161.99 million in Q4 2016. The segment recorded a profit of $67.54 million in the reported quarter versus $63.18 million in the year earlier corresponding quarter.
Cash Matters
Sensata's cash balance was $753.1 million as at December 31, 2017, an improvement from $351.4 million as at December 31, 2016. During FY17, the Company's operating cash flow totaled $557.6 million, reflecting an increase of 6.9% on a y-o-y basis. The Company's free cash flow grew 5.6% to $413.1 million on a y-o-y basis in FY17.
Outlook
For FY18, Sensata anticipates revenues to be between $3.44 billion and $3.54 billion, which would represent an organic revenue growth of between 3% and 5% on a y-o-y basis. Additionally, the Company expects adjusted net income to be between $617 million and $645 million, and adjusted EPS to be between $3.57 and $3.73 for FY18, reflecting an organic growth of 9% to 13%.
For Q1 2018, Sensata is projecting revenues to be in the range of $849 million and $873 million, which would represent an organic revenue growth of between 3% and 5%. The Company is estimating adjusted EPS to be between $0.81 and $0.85 for Q1 2018.
Stock Performance Snapshot
February 21, 2018 - At Wednesday's closing bell, Sensata Technologies Holding's stock was slightly down 0.30%, ending the trading session at $53.34.
Volume traded for the day: 666.70 thousand shares.
Stock performance in the last three-month - up 11.57%; previous six-month period - up 23.42%; past twelve-month period - up 26.19%; and year-to-date - up 4.36%
After yesterday's close, Sensata Technologies Holding's market cap was at $9.14 billion.
Price to Earnings (P/E) ratio was at 22.51.
The stock is part of the Technology sector, categorized under the Scientific & Technical Instruments industry.
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