Analysts expect Stoneridge, Inc. (NYSE:SRI) to announce $0.26 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Stoneridge’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.25. Stoneridge posted earnings of $0.55 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 52.7%. The company is scheduled to issue its next earnings report after the market closes on Wednesday, August 7th.
According to Zacks, 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 expect that the company will report earnings of $2.02 per share, with EPS estimates ranging from $1.90 to $2.12. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Stoneridge.
Stoneridge (NYSE:SRI) last issued its quarterly earnings data on Wednesday, May 1st. The auto parts company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.09. The business had revenue of $218.00 million during the quarter, compared to the consensus estimate of $216.20 million. Stoneridge had a net margin of 5.84% and a return on equity of 20.46%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS.
Several analysts recently commented on SRI shares. Citigroup reiterated an “average” rating on shares of Stoneridge in a research report on Tuesday, May 7th. ValuEngine downgraded 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 issued a $40.00 price target on shares of Stoneridge in a research report on Tuesday, April 2nd. Finally, Zacks Investment Research upgraded shares of Garrett Motion from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $35.33.
Shares of NYSE:SRI traded down $0.03 during trading on Friday, hitting $31.49. 150,692 shares of the company were exchanged, compared to its average volume of 224,778. The stock has a market capitalization of $903.61 million, a PE ratio of 15.82 and a beta of 1.34. The company has a quick ratio of 1.48, a current ratio of 2.06 and a debt-to-equity ratio of 0.37. Stoneridge has a 12-month low of $21.91 and a 12-month high of $35.00. The company has a 50 day moving average of $30.20.
In related news, VP Thomas A. Beaver sold 21,093 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $26.49, for a total value of $558,753.57. Following the completion of the sale, the vice president now owns 53,001 shares in the company, valued at approximately $1,403,996.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Anthony L. Moore sold 7,000 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $26.50, for a total transaction of $185,500.00. Following the completion of the sale, the vice president now owns 15,082 shares of the company’s stock, valued at approximately $399,673. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,716 shares of company stock valued at $1,337,315. 4.20% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc acquired a new position in Stoneridge in the 4th quarter valued at $26,000. Lake Point Wealth Management acquired a new position in Stoneridge in the 4th quarter valued at $33,000. Quantamental Technologies LLC acquired a new position in Stoneridge in the 1st quarter valued at $117,000. Legal & General Group Plc increased its stake in Stoneridge by 10.0% in the 4th quarter. Legal & General Group Plc now owns 4,980 shares of the auto parts company’s stock valued at $123,000 after buying an additional 452 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Stoneridge by 200.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,919 shares of the auto parts company’s stock valued at $229,000 after buying an additional 5,284 shares during the period. Hedge funds and other institutional investors own 94.52% of the company’s stock.
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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