Stoneridge Inc. (SRI) Releases FY14 Earnings Guidance
Stoneridge Inc. (NYSE:SRI) issued an update on its FY14 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.55-0.75 for the period, compared to the Thomson Reuters consensus estimate of $0.62, StockRatingsNetwork.com reports. The company issued revenue guidance of $680-720 million, compared to the consensus revenue estimate of $782.11 million.
Shares of Stoneridge Inc. (NYSE:SRI) traded down 5.98% during mid-day trading on Monday, hitting $11.00. The stock had a trading volume of 267,942 shares. Stoneridge Inc. has a 52 week low of $8.68 and a 52 week high of $13.63. The stock has a 50-day moving average of $10.97 and a 200-day moving average of $10.76. The company has a market cap of $310.7 million and a price-to-earnings ratio of 25.49.
Stoneridge (NYSE:SRI) last announced its earnings results on Monday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.06. The company had revenue of $162.10 million for the quarter, compared to the consensus estimate of $196.40 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, analysts predict that Stoneridge Inc. will post $0.64 earnings per share for the current fiscal year.
Stoneridge, Inc is a designer and manufacturer of engineered electrical and electronic components, modules and systems for the commercial vehicle, automotive, agricultural and off-highway vehicle markets.
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