Equities research analysts expect that Stoneridge, Inc. (NYSE:SRI) will report $175.67 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Stoneridge’s earnings. The lowest sales estimate is $166.54 million and the highest is $184.80 million. Stoneridge reported sales of $210.81 million in the same quarter last year, which would suggest a negative year over year growth rate of 16.7%. The business is scheduled to issue its next earnings results on Wednesday, February 26th.
On average, analysts expect that Stoneridge will report full-year sales of $819.59 million for the current fiscal year, with estimates ranging from $810.47 million to $828.70 million. For the next financial year, analysts anticipate that the firm will report sales of $838.47 million, with estimates ranging from $824.64 million to $852.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Stoneridge.
Stoneridge (NYSE:SRI) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. Stoneridge had a return on equity of 16.59% and a net margin of 7.97%. The company had revenue of $203.39 million for the quarter, compared to analysts’ expectations of $203.21 million. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue was down 2.6% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently bought and sold shares of SRI. WINTON GROUP Ltd raised its stake in Stoneridge by 116.6% in the 2nd quarter. WINTON GROUP Ltd now owns 17,352 shares of the auto parts company’s stock valued at $547,000 after acquiring an additional 9,342 shares during the period. Scout Investments Inc. raised its stake in Stoneridge by 63.3% in the 2nd quarter. Scout Investments Inc. now owns 220,148 shares of the auto parts company’s stock valued at $6,946,000 after acquiring an additional 85,374 shares during the period. Pembroke Management LTD raised its stake in Stoneridge by 8.5% in the 2nd quarter. Pembroke Management LTD now owns 895,050 shares of the auto parts company’s stock valued at $28,239,000 after acquiring an additional 69,760 shares during the period. James Investment Research Inc. raised its stake in Stoneridge by 4.6% in the 2nd quarter. James Investment Research Inc. now owns 29,675 shares of the auto parts company’s stock valued at $936,000 after acquiring an additional 1,295 shares during the period. Finally, Roubaix Capital LLC raised its stake in Stoneridge by 52.0% in the 2nd quarter. Roubaix Capital LLC now owns 125,884 shares of the auto parts company’s stock valued at $3,972,000 after acquiring an additional 43,053 shares during the period.
Shares of Stoneridge stock traded down $0.04 on Thursday, reaching $30.79. 122,541 shares of the company were exchanged, compared to its average volume of 226,443. Stoneridge has a one year low of $21.91 and a one year high of $34.46. The company has a market capitalization of $835.68 million, a price-to-earnings ratio of 15.47, a PEG ratio of 2.19 and a beta of 1.27. The company has a current ratio of 2.06, a quick ratio of 1.42 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $31.33 and a 200 day moving average of $30.65.
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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