Equities analysts predict that Stoneridge, Inc. (NYSE:SRI) will report $0.37 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Stoneridge’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.40. Stoneridge posted earnings of $0.47 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 21.3%. The firm is expected to report its next earnings report after the market closes on Wednesday, February 26th.
According to Zacks, analysts expect that Stoneridge will report full-year earnings of $1.52 per share for the current year, with EPS estimates ranging from $1.50 to $1.59. For the next year, analysts forecast that the company will post earnings of $1.68 per share, with EPS estimates ranging from $1.54 to $1.92. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Stoneridge.
A number of equities analysts recently issued reports on the company. B. Riley set a $33.00 target price on Stoneridge and gave the stock a “hold” rating in a research note on Friday, November 1st. Zacks Investment Research upgraded Stoneridge from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Stoneridge presently has an average rating of “Hold” and an average price target of $34.25.
Shares of Stoneridge 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 company has a market cap of $784.75 million, a price-to-earnings ratio of 11.07, a P/E/G ratio of 1.90 and a beta of 1.32. 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 50-day simple moving average of $29.01 and a two-hundred day simple moving average of $30.36. Stoneridge has a 1-year low of $25.11 and a 1-year high of $34.46.
A number of hedge funds have recently modified their holdings of SRI. US Bancorp DE purchased a new position in Stoneridge in the 4th quarter worth $25,000. Great West Life Assurance Co. Can purchased a new position in Stoneridge in the 4th quarter worth $55,000. Meeder Asset Management Inc. raised its stake in Stoneridge by 125.8% in the 4th quarter. Meeder Asset Management Inc. now owns 5,118 shares of the auto parts company’s stock worth $150,000 after acquiring an additional 2,851 shares during the last quarter. Synovus Financial Corp purchased a new position in Stoneridge in the 3rd quarter worth $321,000. Finally, Sciencast Management LP purchased a new position in Stoneridge in the 4th quarter worth $322,000. Institutional investors own 97.84% of the company’s stock.
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.
Featured Story: How Investors Can Profit from Options Trading
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Stoneridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stoneridge and related companies with MarketBeat.com's FREE daily email newsletter.