According to Zacks, “Stoneridge Inc. is an independent designer and manufacturer of highly engineered electrical and electronic components, modules and systems for the automotive, medium and heavy-duty truck, and agricultural vehicle markets. Their products interface with a vehicle’s mechanical and electrical systems to activate equipment and accessories, display and monitor vehicle performance, and control and distribute electrical power and signals. “
Several other research firms also recently weighed in on SRI. Barrington Research reiterated a “buy” rating and set a $35.00 target price on shares of Stoneridge in a research report on Monday, July 29th. ValuEngine downgraded Stoneridge from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $33.80.
NYSE SRI opened at $30.69 on Tuesday. The company has a market capitalization of $829.65 million, a PE ratio of 15.42, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.42 and a current ratio of 2.06. The business’s fifty day moving average is $31.36 and its 200 day moving average is $30.66. Stoneridge has a fifty-two week low of $21.91 and a fifty-two week high of $34.46.
Stoneridge (NYSE:SRI) last released its earnings results on Wednesday, October 30th. The auto parts company reported $0.37 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. The company had revenue of $203.39 million for the quarter, compared to the consensus estimate of $203.21 million. Stoneridge had a return on equity of 16.59% and a net margin of 7.97%. Stoneridge’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 earnings per share. On average, sell-side analysts forecast that Stoneridge will post 1.55 EPS for the current year.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Stoneridge by 3.3% in the second quarter. BlackRock Inc. now owns 1,966,904 shares of the auto parts company’s stock valued at $62,053,000 after acquiring an additional 62,019 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Stoneridge by 0.7% in the second quarter. Vanguard Group Inc. now owns 1,734,460 shares of the auto parts company’s stock valued at $54,722,000 after acquiring an additional 12,613 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Stoneridge by 8,017.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,181,223 shares of the auto parts company’s stock valued at $37,268,000 after acquiring an additional 1,166,672 shares in the last quarter. Pembroke Management LTD lifted its position in shares of Stoneridge by 8.5% in the second 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 in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Stoneridge by 264.3% in the second quarter. Bank of New York Mellon Corp now owns 778,415 shares of the auto parts company’s stock valued at $24,559,000 after acquiring an additional 564,715 shares in the last quarter.
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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