Wall Street brokerages forecast that Stoneridge, Inc. (NYSE:SRI) will announce earnings per share of $0.26 for the current 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 reported earnings per share of $0.55 during the same quarter last year, which indicates a negative year over year growth rate of 52.7%. The company is scheduled to report its next earnings report after the market closes on Wednesday, August 7th.
On average, analysts expect that Stoneridge will report full-year earnings of $1.59 per share for the current year, with EPS estimates ranging from $1.55 to $1.63. For the next financial year, analysts expect that the firm will report earnings of $2.02 per share, with EPS estimates ranging from $1.90 to $2.12. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Stoneridge.
Stoneridge (NYSE:SRI) last posted its earnings results on Wednesday, May 1st. The auto parts company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.09. The company had revenue of $218.00 million for the quarter, compared to analysts’ expectations of $216.20 million. Stoneridge had a return on equity of 20.46% and a net margin of 5.84%. Stoneridge’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share.
SRI has been the topic of several recent analyst reports. Zacks Investment Research raised Garrett Motion from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Barrington Research reissued a “buy” rating and issued a $40.00 target price on shares of Stoneridge in a research note on Tuesday, April 2nd. Finally, Citigroup reissued an “average” rating on shares of Stoneridge in a research note on Tuesday, May 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.33.
In other Stoneridge news, insider Robert J. Jr. Hartman sold 5,601 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $28.75, for a total value of $161,028.75. Following the completion of the sale, the insider now directly owns 37,281 shares in the company, valued at $1,071,828.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Anthony L. Moore sold 7,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was 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 $399,673. The disclosure for this sale can be found here. Insiders sold 48,716 shares of company stock worth $1,337,315 over the last three months. 4.20% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Quantinno Capital Management LP purchased a new position in shares of Stoneridge during the first quarter valued at approximately $650,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Stoneridge during the fourth quarter valued at approximately $442,000. New York State Common Retirement Fund lifted its holdings in shares of Stoneridge by 14.0% during the first quarter. New York State Common Retirement Fund now owns 36,450 shares of the auto parts company’s stock valued at $1,052,000 after purchasing an additional 4,487 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new position in shares of Stoneridge during the fourth quarter valued at approximately $585,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Stoneridge by 5.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 39,807 shares of the auto parts company’s stock valued at $981,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 94.52% of the company’s stock.
Shares of NYSE SRI traded down $0.03 during trading hours on Friday, hitting $31.49. The company’s stock had a trading volume of 150,692 shares, compared to its average volume of 224,778. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.48 and a current ratio of 2.06. The stock has a market capitalization of $903.61 million, a PE ratio of 15.82 and a beta of 1.34. Stoneridge has a 12 month low of $21.91 and a 12 month high of $35.00. The stock has a 50-day moving average price of $30.20.
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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