Stoneridge (NYSE:SRI) Releases Earnings Results

Stoneridge (NYSE:SRI) posted its quarterly earnings data on Wednesday. The auto parts company reported ($0.18) earnings per share for the quarter, Zacks reports. Stoneridge had a negative return on equity of 9.24% and a negative net margin of 3.39%. Stoneridge updated its FY 2025 guidance to EPS.

Stoneridge Stock Performance

NYSE:SRI opened at $6.91 on Thursday. The firm has a market capitalization of $193.38 million, a PE ratio of -6.39 and a beta of 1.57. The business’s fifty day moving average price is $7.55 and its 200 day moving average price is $6.77. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.14 and a quick ratio of 1.35. Stoneridge has a 12 month low of $3.54 and a 12 month high of $9.10.

Wall Street Analyst Weigh In

SRI has been the topic of a number of recent research reports. Barrington Research reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Stoneridge in a research report on Monday. Weiss Ratings reissued a “sell (d)” rating on shares of Stoneridge in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $16.00.

Hedge Funds Weigh In On Stoneridge

Several large investors have recently bought and sold shares of the stock. Millennium Management LLC boosted its stake in Stoneridge by 3.0% in the first quarter. Millennium Management LLC now owns 954,577 shares of the auto parts company’s stock valued at $4,382,000 after acquiring an additional 28,037 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Stoneridge by 29.7% during the second quarter. AQR Capital Management LLC now owns 691,962 shares of the auto parts company’s stock worth $4,871,000 after buying an additional 158,492 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Stoneridge by 25.0% during the second quarter. JPMorgan Chase & Co. now owns 614,538 shares of the auto parts company’s stock worth $4,326,000 after buying an additional 122,897 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Stoneridge by 55.9% during the first quarter. Goldman Sachs Group Inc. now owns 490,160 shares of the auto parts company’s stock worth $2,250,000 after buying an additional 175,736 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of Stoneridge by 186.7% during the second quarter. Marshall Wace LLP now owns 293,987 shares of the auto parts company’s stock worth $2,070,000 after buying an additional 191,444 shares during the period. Institutional investors and hedge funds own 98.07% of the company’s stock.

Stoneridge Company Profile

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.