Stoneridge, Inc. (NYSE:SRI) – Analysts at Barrington Research issued their Q1 2020 earnings per share estimates for Stoneridge in a research report issued on Wednesday, March 4th. Barrington Research analyst G. Prestopino forecasts that the auto parts company will post earnings per share of $0.26 for the quarter. Barrington Research currently has a “Hold” rating on the stock. Barrington Research also issued estimates for Stoneridge’s Q2 2020 earnings at $0.25 EPS, Q3 2020 earnings at $0.22 EPS and Q4 2020 earnings at $0.23 EPS.
Stoneridge (NYSE:SRI) last issued its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.07). Stoneridge had a net margin of 7.23% and a return on equity of 14.41%. The firm had revenue of $190.37 million during the quarter, compared to analyst estimates of $175.67 million.
Several other analysts have also issued reports on SRI. Zacks Investment Research lowered Stoneridge from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. Stephens reduced their target price on Stoneridge from $36.00 to $28.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Finally, ValuEngine raised Stoneridge from a “hold” rating to a “buy” rating in a report on Saturday, February 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $32.75.
SRI opened at $17.62 on Monday. The firm has a market cap of $535.01 million, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 2.19 and a beta of 1.55. Stoneridge has a 52-week low of $17.01 and a 52-week high of $34.46. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.72 and a current ratio of 2.39. The business’s fifty day moving average is $26.90 and its 200-day moving average is $29.77.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Isthmus Partners LLC lifted its position in shares of Stoneridge by 1.1% during the 4th quarter. Isthmus Partners LLC now owns 38,186 shares of the auto parts company’s stock worth $1,120,000 after buying an additional 411 shares during the last quarter. Strs Ohio lifted its position in shares of Stoneridge by 2.1% during the 4th quarter. Strs Ohio now owns 24,400 shares of the auto parts company’s stock worth $715,000 after buying an additional 500 shares during the last quarter. US Bancorp DE bought a new stake in shares of Stoneridge during the 4th quarter worth $25,000. Synovus Financial Corp lifted its position in shares of Stoneridge by 9.2% during the 4th quarter. Synovus Financial Corp now owns 11,412 shares of the auto parts company’s stock worth $329,000 after buying an additional 965 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Stoneridge by 8.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,459 shares of the auto parts company’s stock worth $424,000 after buying an additional 1,185 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors.
Stoneridge declared that its board has approved a stock repurchase plan on Wednesday, February 26th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the auto parts company to repurchase up to 8.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
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.