Analysts Anticipate Stoneridge, Inc. (SRI) to Announce $0.30 Earnings Per Share

Wall Street analysts predict that Stoneridge, Inc. (NYSE:SRI) will post earnings per share of $0.30 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Stoneridge’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.25. Stoneridge posted earnings of $0.55 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 45.5%. The firm is expected to announce its next quarterly earnings report on Wednesday, August 7th.

On average, analysts expect that Stoneridge will report full year earnings of $1.67 per share for the current financial year, with EPS estimates ranging from $1.55 to $1.85. For the next fiscal year, analysts expect that the business will report earnings of $2.04 per share, with EPS estimates ranging from $1.90 to $2.16. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Stoneridge.

Stoneridge (NYSE:SRI) last issued its earnings results on Wednesday, May 1st. The auto parts company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.09. Stoneridge had a net margin of 5.84% and a return on equity of 20.46%. The company had revenue of $218.00 million for the quarter, compared to the consensus estimate of $216.20 million. During the same quarter in the previous year, the company earned $0.50 EPS. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year.

SRI has been the subject of a number of research analyst reports. Stephens set a $34.00 price target on Stoneridge and gave the company a “buy” rating in a report on Friday, March 1st. Zacks Investment Research downgraded Stoneridge from a “hold” rating to a “sell” rating in a research report on Saturday, January 26th. Barrington Research set a $35.00 target price on Stoneridge and gave the stock a “buy” rating in a report on Tuesday, February 26th. ValuEngine upgraded Stoneridge from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Finally, Citigroup reiterated an “average” rating on shares of Stoneridge in a report on Tuesday, May 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $35.33.

Shares of Stoneridge stock traded down $0.62 during trading on Monday, reaching $27.88. The company’s stock had a trading volume of 156,180 shares, compared to its average volume of 249,663. 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 one year low of $21.91 and a one year high of $37.69. The stock has a market capitalization of $817.67 million, a price-to-earnings ratio of 14.01 and a beta of 1.10.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc grew its stake in Stoneridge by 15.4% in the third quarter. Vanguard Group Inc now owns 1,512,485 shares of the auto parts company’s stock valued at $44,952,000 after acquiring an additional 201,789 shares during the period. Vanguard Group Inc. raised its holdings in Stoneridge by 15.4% during the third quarter. Vanguard Group Inc. now owns 1,512,485 shares of the auto parts company’s stock valued at $44,952,000 after acquiring an additional 201,789 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Stoneridge by 7.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,255,145 shares of the auto parts company’s stock valued at $30,939,000 after acquiring an additional 86,741 shares during the period. Royce & Associates LP raised its holdings in Stoneridge by 9.1% during the first quarter. Royce & Associates LP now owns 853,666 shares of the auto parts company’s stock valued at $24,637,000 after acquiring an additional 71,319 shares during the period. Finally, Pembroke Management LTD raised its holdings in Stoneridge by 13.2% during the first quarter. Pembroke Management LTD now owns 825,290 shares of the auto parts company’s stock valued at $23,818,000 after acquiring an additional 96,233 shares during the period. 94.41% of the stock is owned by hedge funds and other institutional investors.

Stoneridge Company Profile

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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Earnings History and Estimates for Stoneridge (NYSE:SRI)

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