Analysts expect Stoneridge, Inc. (NYSE:SRI) to post earnings of $0.26 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Stoneridge’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.25. Stoneridge posted earnings of $0.55 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 52.7%. The firm is expected to announce its next quarterly earnings report on Wednesday, August 7th.
On average, analysts expect that Stoneridge will report full-year earnings of $1.59 per share for the current financial year, with EPS estimates ranging from $1.55 to $1.63. For the next fiscal year, analysts forecast that the business will post earnings of $2.02 per share, with EPS estimates ranging from $1.90 to $2.12. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Stoneridge.
Stoneridge (NYSE:SRI) last announced its quarterly earnings results on Wednesday, May 1st. The auto parts company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. Stoneridge had a net margin of 5.84% and a return on equity of 20.46%. The business had revenue of $218.00 million during the quarter, compared to analysts’ expectations of $216.20 million. During the same period last year, the business earned $0.50 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Garrett Motion from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Barrington Research reiterated a “buy” rating and set a $40.00 price target on shares of Stoneridge in a research report on Tuesday, April 2nd. Finally, Citigroup reiterated an “average” rating on shares of Stoneridge in a research report on Tuesday, May 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $35.33.
In other news, VP Anthony L. Moore sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $26.50, for a total value of $185,500.00. Following the completion of the transaction, the vice president now owns 15,082 shares of the company’s stock, valued at $399,673. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Thomas A. Beaver sold 21,093 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $26.49, for a total transaction of $558,753.57. Following the completion of the transaction, the vice president now directly owns 53,001 shares of the company’s stock, valued at approximately $1,403,996.49. The disclosure for this sale can be found here. In the last three months, insiders sold 48,716 shares of company stock valued at $1,337,315. Insiders own 4.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Royce & Associates LP lifted its stake in Stoneridge by 9.1% in the first quarter. Royce & Associates LP now owns 853,666 shares of the auto parts company’s stock worth $24,637,000 after acquiring an additional 71,319 shares during the last quarter. Pembroke Management LTD lifted its stake in Stoneridge by 13.2% in the first quarter. Pembroke Management LTD now owns 825,290 shares of the auto parts company’s stock worth $23,818,000 after acquiring an additional 96,233 shares during the last quarter. Rice Hall James & Associates LLC lifted its stake in Stoneridge by 47.1% in the first quarter. Rice Hall James & Associates LLC now owns 553,295 shares of the auto parts company’s stock worth $15,968,000 after acquiring an additional 177,242 shares during the last quarter. Systematic Financial Management LP lifted its stake in Stoneridge by 2.4% in the first quarter. Systematic Financial Management LP now owns 485,366 shares of the auto parts company’s stock worth $14,008,000 after acquiring an additional 11,171 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH purchased a new position in Stoneridge in the first quarter worth approximately $13,420,000. Institutional investors own 94.52% of the company’s stock.
Shares of SRI traded up $0.14 during trading on Friday, reaching $31.66. 3,866 shares of the company traded hands, compared to its average volume of 237,125. Stoneridge has a twelve month low of $21.91 and a twelve month high of $35.00. The firm has a market cap of $917.66 million, a PE ratio of 15.95 and a beta of 1.34. The business’s 50-day moving average is $30.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.48 and a current ratio of 2.06.
Stoneridge Company Profile
Stoneridge, Inc designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets. The company operates in three segments: Control Devices, Electronics, and PST. The Control Devices segment offers sensors, switches, valves, and actuators that monitor, measure, or activate specific functions within a vehicle.
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