Stoneridge (NYSE:SRI) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Stoneridge (NYSE:SRI) announced its earnings results on Wednesday. The auto parts company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01), FiscalAI reports. The company had revenue of $180.00 million during the quarter, compared to the consensus estimate of $178.73 million. Stoneridge had a negative return on equity of 24.23% and a negative net margin of 18.78%.

Stoneridge Price Performance

Shares of Stoneridge stock traded up $0.17 on Friday, hitting $4.95. 185,063 shares of the company traded hands, compared to its average volume of 208,863. The stock has a market capitalization of $141.05 million, a P/E ratio of -1.05 and a beta of 1.99. Stoneridge has a 52 week low of $4.60 and a 52 week high of $9.71. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.27 and a current ratio of 1.89. The business has a 50-day simple moving average of $6.53 and a 200 day simple moving average of $6.89.

Insider Transactions at Stoneridge

In related news, CFO Scott Humphrey acquired 6,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was acquired at an average cost of $7.01 per share, with a total value of $42,060.00. Following the purchase, the chief financial officer directly owned 6,000 shares of the company’s stock, valued at approximately $42,060. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Natalia Noblet acquired 5,000 shares of the business’s stock in a transaction on Monday, August 10th. The shares were purchased at an average price of $7.31 per share, for a total transaction of $36,550.00. Following the transaction, the chief executive officer directly owned 5,000 shares of the company’s stock, valued at approximately $36,550. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 11.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SRI shares. Weiss Ratings restated a “sell (d-)” rating on shares of Stoneridge in a research report on Monday, September 21st. Zacks Research raised Stoneridge from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Stoneridge currently has an average rating of “Reduce”.

Stoneridge Company Profile

Stoneridge, Inc (NYSE: SRI) is a global designer and manufacturer of highly engineered electrical and electronic systems for the automotive, commercial vehicle and off-highway vehicle markets. The company develops technologies intended to improve vehicle safety, efficiency, connectivity and the driver experience.

Its products include electronic instrument clusters and driver-information systems, vehicle controls and switches, sensors, wiring and connectivity solutions, telematics systems, and camera-based vision technologies.