Strattec Security (NASDAQ:STRT) Releases Earnings Results, Beats Expectations By $0.36 EPS

Strattec Security (NASDAQ:STRT) released its earnings results on Monday. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.36, Zacks reports. Strattec Security had a return on equity of 7.17% and a net margin of 2.93%. The company had revenue of $139.05 million during the quarter, compared to analyst estimates of $139.32 million. During the same quarter in the prior year, the company earned $1.05 earnings per share.

Strattec Security Stock Up 2.6 %

Strattec Security stock traded up $0.97 during mid-day trading on Wednesday, hitting $37.98. 10,240 shares of the company’s stock were exchanged, compared to its average volume of 14,107. The company has a current ratio of 2.15, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06. The stock has a market cap of $155.72 million, a P/E ratio of 9.39, a P/E/G ratio of 1.87 and a beta of 1.14. Strattec Security has a 1-year low of $20.87 and a 1-year high of $43.15. The stock has a 50 day moving average of $37.73 and a two-hundred day moving average of $30.54.

Insiders Place Their Bets

In other Strattec Security news, VP Richard P. Messina sold 1,270 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $38.78, for a total transaction of $49,250.60. Following the completion of the sale, the vice president now directly owns 11,930 shares in the company, valued at $462,645.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 2,070 shares of company stock valued at $74,033 over the last three months. 6.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Strattec Security from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 2nd.

Strattec Security Company Profile

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company provides mechanical and electronically enhanced locks and keys, passive entry passive start systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, and related products.