Analysts predict that Stoneridge, Inc. (NYSE:SRI) will post $175.67 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Stoneridge’s earnings, with estimates ranging from $166.54 million to $184.80 million. Stoneridge posted sales of $210.81 million during the same quarter last year, which suggests a negative year over year growth rate of 16.7%. The company is expected to report its next earnings results on Wednesday, February 26th.

According to Zacks, analysts expect that Stoneridge will report full-year sales of $819.59 million for the current year, with estimates ranging from $810.47 million to $828.70 million. For the next financial year, analysts expect that the firm will post sales of $838.47 million, with estimates ranging from $824.64 million to $852.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Stoneridge.

Stoneridge (NYSE:SRI) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The firm had revenue of $203.39 million for the quarter, compared to the consensus estimate of $203.21 million. Stoneridge had a return on equity of 16.59% and a net margin of 7.97%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 EPS.

A number of analysts recently weighed in on the stock. ValuEngine lowered shares of Stoneridge from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th. B. Riley set a $33.00 target price on shares of Stoneridge and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Zacks Investment Research lowered shares of Stoneridge from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.25.

Institutional investors have recently bought and sold shares of the stock. Equitable Trust Co. grew its stake in shares of Stoneridge by 3.4% during the second quarter. Equitable Trust Co. now owns 23,380 shares of the auto parts company’s stock worth $738,000 after buying an additional 770 shares during the last quarter. Brinker Capital Inc. grew its holdings in Stoneridge by 4.4% during the third quarter. Brinker Capital Inc. now owns 25,160 shares of the auto parts company’s stock worth $779,000 after acquiring an additional 1,054 shares during the period. Envestnet Asset Management Inc. grew its holdings in Stoneridge by 15.2% during the third quarter. Envestnet Asset Management Inc. now owns 10,548 shares of the auto parts company’s stock worth $327,000 after acquiring an additional 1,395 shares during the period. Meeder Asset Management Inc. grew its holdings in Stoneridge by 279.1% during the third quarter. Meeder Asset Management Inc. now owns 2,267 shares of the auto parts company’s stock worth $70,000 after acquiring an additional 1,669 shares during the period. Finally, James Investment Research Inc. grew its holdings in Stoneridge by 6.3% during the third quarter. James Investment Research Inc. now owns 31,555 shares of the auto parts company’s stock worth $977,000 after acquiring an additional 1,880 shares during the period. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:SRI traded down $0.15 during midday trading on Tuesday, hitting $29.52. 203,959 shares of the company’s stock were exchanged, compared to its average volume of 162,412. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.06 and a quick ratio of 1.42. The stock has a 50 day moving average price of $30.18 and a 200-day moving average price of $30.94. The company has a market cap of $812.40 million, a PE ratio of 12.30, a price-to-earnings-growth ratio of 1.97 and a beta of 1.30. Stoneridge has a 12 month low of $24.97 and a 12 month high of $34.46.

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.

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