Information Provided By:
Fly News Breaks for February 11, 2020
Feb 11, 2020 | 13:57 EDT
Stifel analyst Matthew Sheerin lowered his forward estimates for Sensata to reflect the negative impact from the coronavirus crisis in China, as well as ongoing weakness in auto/HVOR production and distribution inventory headwinds in the company's industrial segments. Still, his 2020 topline estimates reflect flattish organic growth, which is well above underlying growth in its core markets. The analyst sees those trends continuing, particularly in China in both autos and heavy trucks, as well as EV. Sheerin revised his March quarter revenue and adjusted EPS estimates from $823.6M and 86c to $802.4M and 64c, respectively. His fiscal year 2020 sales and adjusted EPS estimates went from $3.348B and $3.72 to $3.454B and $3.48, respectively, and he introduced fiscal year 2021 sales and adjusted EPS estimates of $3.598B and $4. Sheerin believes Sensata continues to execute well, and expects a seamless CEO transition. The analyst maintains a Buy rating and $60 price target on the shares.
News For ST From the Last 2 Days
There are no results for your query ST