Stoneridge, Inc. (NYSE:SRI) issued its quarterly earnings results on Wednesday. The auto parts company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.04, Bloomberg Earnings reports. The business had revenue of $203.60 million during the quarter, compared to analyst estimates of $192.80 million. Stoneridge had a return on equity of 20.91% and a net margin of 9.45%. Stoneridge’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 EPS. Stoneridge updated its FY17 guidance to $1.48-1.54 EPS.

Shares of Stoneridge (NYSE SRI) traded up $0.04 during trading hours on Friday, hitting $22.24. 195,313 shares of the company were exchanged, compared to its average volume of 174,632. The stock has a market capitalization of $607.65, a P/E ratio of 14.38 and a beta of 1.48.

COPYRIGHT VIOLATION NOTICE: This article was first reported by American Banking News and is owned by of American Banking News. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. and international copyright legislation. The original version of this article can be viewed at

SRI has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Stoneridge from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub lowered Stoneridge from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Finally, KeyCorp restated a “hold” rating on shares of Stoneridge in a research report on Sunday, October 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $19.50.

In related news, VP Michael D. Sloan sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $16.30, for a total value of $489,000.00. Following the transaction, the vice president now directly owns 34,223 shares of the company’s stock, valued at approximately $557,834.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Jr. Hartman sold 7,358 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $16.51, for a total value of $121,480.58. Following the completion of the transaction, the insider now directly owns 37,281 shares in the company, valued at $615,509.31. The disclosure for this sale can be found here. Corporate insiders own 5.30% of the company’s stock.

Stoneridge Company Profile

Stoneridge, Inc is a designer and manufacturer of engineered electrical and electronic components, modules and systems for the automotive, commercial, motorcycle, off-highway and agricultural vehicle markets. The Company operates through three segments: Control Devices, Electronics and PST. The Company’s Control Devices segment designs and manufactures products that monitor, measure or activate specific functions within a vehicle and includes product lines, such as sensors, switches, valves, and actuators.

Earnings History for Stoneridge (NYSE:SRI)

Receive News & Ratings for Stoneridge Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stoneridge Inc. and related companies with's FREE daily email newsletter.