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March 27, 2014
07:31 EDTSTSensata recent multiple expansion sustainable, says Oppenheimer
Oppenheimer believes that Sensata's recent multiple expansion reflects the re-emergence of steady growth by the company, and it thinks the expansion is sustainable with potential runway The firm expects the company to benefit from steady content growth trends through 2016, and it raised its price target on the shares to $52 from $48 while keeping an Outperform rating on the stock.
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July 30, 2015
06:30 EDTSTSensata sees sensing portfolio acquisition 23c-26c accretive to EPS in 3rd year
Paul Vasington, Sensata Technologies CFO, stated, "On a stand-alone basis, this is a profitable and highly cash generative business with EBITDA margins of approximately 26% and Sensata brings significant, value-creating synergies. Including interest and integration expenses, we expect this acquisition to be breakeven to adjusted net income in the first full year and to be 23c-26c accretive to adjusted net income per diluted share in the third year."
06:27 EDTSTSensata acquires sensing portfolio of Custom Sensors & Technologies for $1B
Sensata Technologies announced that it has reached an agreement to acquire the sensing portfolio of Custom Sensors & Technologies, or CST, for a total enterprise value of $1.0B. The acquisition includes the Kavlico, BEI, Crydom and Newall product lines and brands and includes sales, engineering and manufacturing sites in the United States, the United Kingdom, Germany, France, China and Mexico that employ approximately 2,500 people, including approximately 250 engineers. Revenue for the business being acquired was approximately $320M during the last 12 months. The transaction is subject to customary regulatory approvals and is expected to close in Q4 of FY15 or early FY16.
July 28, 2015
06:14 EDTSTSensata sees FY15 adjusted EPS $2.86-$2.98, consensus $2.92
Sees FY15 revenue $2.99B-$3.07B, consensus $3.07B.
06:13 EDTSTSensata sees Q3 adjusted EPS 68c-74c, consensus 75c
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06:12 EDTSTSensata reports Q2 adjusted EPS 73c, consensus 72c
Reports Q2 revenue $770.4M, consensus $772.46M.

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