Stoneridge, Inc. (NYSE:SRI) – Stock analysts at B. Riley issued their Q1 2019 earnings per share estimates for Stoneridge in a research note issued on Tuesday. B. Riley analyst C. Horn expects that the auto parts company will post earnings of $0.53 per share for the quarter. B. Riley currently has a “Neutral” rating and a $24.00 target price on the stock. B. Riley also issued estimates for Stoneridge’s Q2 2019 earnings at $0.57 EPS, Q3 2019 earnings at $0.54 EPS and Q4 2019 earnings at $0.52 EPS.
SRI has been the subject of a number of other research reports. Zacks Investment Research raised shares of Stoneridge from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a research report on Friday, February 9th. ValuEngine upgraded shares of Stoneridge from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, KeyCorp restated a “hold” rating on shares of Stoneridge in a report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $25.50.
Stoneridge (SRI) traded down $0.26 during trading on Wednesday, reaching $24.29. 62,738 shares of the company’s stock were exchanged, compared to its average volume of 175,952. The firm has a market cap of $687.66, a price-to-earnings ratio of 19.53 and a beta of 1.37. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.65 and a current ratio of 2.24. Stoneridge has a 52-week low of $14.16 and a 52-week high of $26.47.
Stoneridge (NYSE:SRI) last released its earnings results on Wednesday, February 28th. The auto parts company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.05. The firm had revenue of $207.40 million during the quarter, compared to analyst estimates of $206.50 million. Stoneridge had a net margin of 5.48% and a return on equity of 21.09%. The business’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 EPS.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. bought a new stake in Stoneridge during the fourth quarter valued at about $160,000. Highbridge Capital Management LLC acquired a new stake in Stoneridge during the 3rd quarter valued at $206,000. Teacher Retirement System of Texas acquired a new stake in Stoneridge during the 4th quarter valued at $213,000. GW&K Investment Management LLC acquired a new stake in Stoneridge during the 4th quarter valued at $222,000. Finally, UBS Asset Management Americas Inc. acquired a new stake in Stoneridge during the 4th quarter valued at $222,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.
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Stoneridge Company Profile
Stoneridge, Inc is a designer and manufacturer of engineered electrical and electronic components, modules and systems for the automotive, commercial, motorcycle, off-highway and agricultural vehicle markets. The Company operates through three segments: Control Devices, Electronics and PST. The Company’s Control Devices segment designs and manufactures products that monitor, measure or activate specific functions within a vehicle and includes product lines, such as sensors, switches, valves, and actuators.
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