Strattec Security (NASDAQ:STRT) Releases Quarterly Earnings Results, Beats Expectations By $0.36 EPS

Strattec Security (NASDAQ:STRT) posted its earnings results on Monday. The auto parts company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.36, Zacks reports. Strattec Security had a return on equity of 7.17% and a net margin of 2.93%. The firm had revenue of $139.05 million during the quarter, compared to analysts’ expectations of $139.32 million. During the same quarter in the previous year, the business earned $1.05 earnings per share.

Strattec Security Stock Performance

NASDAQ STRT traded up $0.74 on Wednesday, hitting $37.75. 10,412 shares of the company’s stock were exchanged, compared to its average volume of 14,108. The firm has a market cap of $154.78 million, a price-to-earnings ratio of 9.39, a P/E/G ratio of 1.87 and a beta of 1.14. The firm’s 50-day moving average price is $37.73 and its two-hundred day moving average price is $30.54. Strattec Security has a fifty-two week low of $20.87 and a fifty-two week high of $43.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.15 and a quick ratio of 1.46.

Insider Activity

In other Strattec Security news, VP Richard P. Messina sold 1,270 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $38.78, for a total transaction of $49,250.60. Following the sale, the vice president now directly owns 11,930 shares in the company, valued at approximately $462,645.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 2,070 shares of company stock valued at $74,033 in the last three months. 6.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Strattec Security from a “strong-buy” rating to a “buy” rating in a report on Friday, August 2nd.

Strattec Security Company Profile

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company provides mechanical and electronically enhanced locks and keys, passive entry passive start systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, and related products.