Equities analysts forecast that Stoneridge, Inc. (NYSE:SRI) will announce $0.59 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Stoneridge’s earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.60. Stoneridge posted earnings of $0.42 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 40.5%. The business is scheduled to report its next quarterly earnings results on Sunday, October 28th.
On average, analysts expect that Stoneridge will report full year earnings of $2.04 per share for the current fiscal year, with EPS estimates ranging from $1.98 to $2.07. For the next fiscal year, analysts forecast that the business will report earnings of $2.22 per share, with EPS estimates ranging from $2.15 to $2.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Stoneridge.
Stoneridge (NYSE:SRI) last announced its quarterly earnings results on Friday, October 26th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Stoneridge had a net margin of 6.52% and a return on equity of 21.43%. The firm had revenue of $208.90 million for the quarter, compared to the consensus estimate of $204.36 million. During the same period in the prior year, the firm posted $0.36 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis.
Shares of Stoneridge stock traded down $0.08 on Friday, reaching $22.56. The stock had a trading volume of 380,792 shares, compared to its average volume of 277,424. Stoneridge has a 1 year low of $20.63 and a 1 year high of $37.69. The company has a market cap of $644.85 million, a price-to-earnings ratio of 14.37, a PEG ratio of 1.31 and a beta of 1.06. The company has a current ratio of 2.13, a quick ratio of 1.59 and a debt-to-equity ratio of 0.43.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA raised its stake in Stoneridge by 145.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,168,404 shares of the auto parts company’s stock valued at $34,725,000 after purchasing an additional 692,760 shares in the last quarter. First Quadrant L P CA raised its stake in Stoneridge by 47.1% in the third quarter. First Quadrant L P CA now owns 9,286 shares of the auto parts company’s stock valued at $276,000 after purchasing an additional 2,974 shares in the last quarter. Peregrine Capital Management LLC purchased a new stake in Stoneridge in the third quarter valued at approximately $5,797,000. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in Stoneridge by 43.4% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 71,425 shares of the auto parts company’s stock valued at $2,122,000 after purchasing an additional 21,615 shares in the last quarter. Finally, Scout Investments Inc. purchased a new stake in Stoneridge in the third quarter valued at approximately $3,787,000. 89.59% of the stock is currently owned by institutional investors and hedge funds.
Stoneridge Company Profile
Stoneridge, Inc designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets. It operates through three segments: Control Devices, Electronics, and PST. The Control Devices segment provides sensors, switches, valves, and actuators that monitor, measure, or activate specific functions within a vehicle.
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