Stoneridge (NYSE:SRI) updated its FY20 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.95 – $1.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.70. The company issued revenue guidance of $750.0 – $770.0 million, compared to the consensus revenue estimate of $823.91 million.Stoneridge also updated its FY 2020
After-Hours guidance to 0.95-1.15 EPS.
A number of brokerages have recently commented on SRI. B. Riley set a $33.00 price objective on shares of Stoneridge and gave the stock a hold rating in a research report on Friday, November 1st. Zacks Investment Research raised shares of Stoneridge from a sell rating to a hold rating in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $34.25.
Shares of SRI stock traded down $1.47 during trading on Wednesday, reaching $26.57. The company’s stock had a trading volume of 301,341 shares, compared to its average volume of 177,591. The business has a fifty day moving average price of $29.01 and a 200-day moving average price of $30.36. The company has a quick ratio of 1.42, a current ratio of 2.06 and a debt-to-equity ratio of 0.46. The company has a market cap of $784.75 million, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 1.90 and a beta of 1.32. Stoneridge has a one year low of $25.11 and a one year high of $34.46.
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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