Equities analysts expect that Stoneridge, Inc. (NYSE:SRI) will report $200.40 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Stoneridge’s earnings, with estimates ranging from $199.60 million to $201.20 million. Stoneridge reported sales of $172.61 million in the same quarter last year, which would suggest a positive year over year growth rate of 16.1%. The business is scheduled to announce its next quarterly earnings results on Thursday, March 1st.

According to Zacks, analysts expect that Stoneridge will report full-year sales of $200.40 million for the current fiscal year, with estimates ranging from $816.60 million to $818.20 million. For the next financial year, analysts anticipate that the firm will report sales of $853.10 million per share, with estimates ranging from $845.40 million to $860.80 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Stoneridge.

Stoneridge (NYSE:SRI) last released its quarterly earnings data on Wednesday, November 1st. The auto parts company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. Stoneridge had a return on equity of 20.37% and a net margin of 9.45%. The business had revenue of $203.60 million for the quarter, compared to analyst estimates of $192.80 million. During the same quarter in the prior year, the firm posted $0.36 EPS. The business’s quarterly revenue was up 17.1% compared to the same quarter last year.

Several equities research analysts have commented on the company. BidaskClub lowered Stoneridge from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Zacks Investment Research raised Stoneridge from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday, November 9th. KeyCorp reaffirmed a “hold” rating on shares of Stoneridge in a research note on Sunday, October 15th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Stoneridge in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $23.50.

In related news, VP Thomas A. Beaver sold 49,779 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $21.51, for a total value of $1,070,746.29. Following the completion of the transaction, the vice president now directly owns 76,529 shares of the company’s stock, valued at approximately $1,646,138.79. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert J. Jr. Hartman sold 7,358 shares of the stock in a transaction 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 of the company’s stock, valued at $615,509.31. The disclosure for this sale can be found here. Corporate insiders own 5.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of SRI. Legal & General Group Plc raised its stake in Stoneridge by 12.2% in the 1st quarter. Legal & General Group Plc now owns 7,077 shares of the auto parts company’s stock valued at $128,000 after purchasing an additional 772 shares during the last quarter. CAPROCK Group Inc. acquired a new position in Stoneridge in the 2nd quarter valued at $157,000. Highbridge Capital Management LLC acquired a new position in Stoneridge in the 3rd quarter valued at $206,000. Nine Chapters Capital Management LLC acquired a new position in Stoneridge in the 3rd quarter valued at $216,000. Finally, SG Americas Securities LLC acquired a new position in Stoneridge in the 2nd quarter valued at $217,000. 86.94% of the stock is owned by hedge funds and other institutional investors.

Stoneridge (NYSE SRI) traded down $0.32 during trading on Thursday, reaching $22.82. The company’s stock had a trading volume of 247,028 shares, compared to its average volume of 155,591. The company has a current ratio of 2.24, a quick ratio of 1.65 and a debt-to-equity ratio of 0.58. Stoneridge has a 1-year low of $14.16 and a 1-year high of $23.47. The stock has a market cap of $649.35, a price-to-earnings ratio of 15.37 and a beta of 1.48.

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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.

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Earnings History and Estimates for Stoneridge (NYSE:SRI)

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