Brokerages Expect Stoneridge, Inc. (SRI) Will Post Earnings of $0.42 Per Share
Analysts forecast that Stoneridge, Inc. (NYSE:SRI) will post earnings per share of $0.42 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Stoneridge’s earnings, with estimates ranging from $0.41 to $0.43. Stoneridge also reported earnings of $0.42 per share during the same quarter last year. The firm is expected to report its next earnings report on Wednesday, February 27th.
According to Zacks, analysts expect that Stoneridge will report full year earnings of $1.94 per share for the current financial year, with EPS estimates ranging from $1.93 to $1.95. For the next financial year, analysts forecast that the business will post earnings of $2.12 per share, with EPS estimates ranging from $2.05 to $2.19. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Stoneridge.
SRI has been the subject of several recent analyst reports. Barrington Research restated a “buy” rating and set a $35.00 target price on shares of Stoneridge in a research note on Wednesday, January 23rd. Buckingham Research set a $32.00 target price on Stoneridge and gave the company a “buy” rating in a research note on Friday, December 28th. Stephens restated a “buy” rating and set a $31.00 target price on shares of Stoneridge in a research note on Sunday, January 6th. Finally, Zacks Investment Research upgraded Stoneridge from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Stoneridge has an average rating of “Buy” and an average target price of $31.20.
Shares of Stoneridge stock traded up $0.19 during trading hours on Monday, hitting $25.45. 123,087 shares of the company’s stock traded hands, compared to its average volume of 241,828. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.20 and a quick ratio of 1.60. The company has a market capitalization of $719.52 million, a PE ratio of 16.21 and a beta of 1.01. Stoneridge has a twelve month low of $21.68 and a twelve month high of $37.69.
Stoneridge Company Profile
Stoneridge, Inc designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets. It operates through three segments: Control Devices, Electronics, and PST. The Control Devices segment provides sensors, switches, valves, and actuators that monitor, measure, or activate specific functions within a vehicle.
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