Analysts forecast that Stoneridge, Inc. (NYSE:SRI) will post $0.36 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Stoneridge’s earnings, with estimates ranging from $0.35 to $0.36. Stoneridge posted earnings per share of $0.34 during the same quarter last year, which suggests a positive year-over-year growth rate of 5.9%. The business is expected to report its next earnings results on Thursday, March 1st.

On average, analysts expect that Stoneridge will report full year earnings of $1.50 per share for the current financial year, with EPS estimates ranging from $1.45 to $1.54. For the next year, analysts anticipate that the business will post earnings of $1.54 per share, with EPS estimates ranging from $1.50 to $1.60. Zacks’ EPS calculations are a mean average based on a survey of sell-side 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, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. Stoneridge had a net margin of 9.45% and a return on equity of 20.37%. The firm had revenue of $203.60 million for the quarter, compared to the consensus estimate of $192.80 million. During the same period in the previous year, the company earned $0.36 earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis.

Several equities analysts have commented on SRI shares. ValuEngine upgraded shares of Stoneridge from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded shares of Stoneridge from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. B. Riley reiterated a “neutral” rating on shares of Stoneridge in a report on Friday, November 3rd. Finally, KeyCorp reiterated a “hold” rating on shares of Stoneridge in a report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Stoneridge currently has an average rating of “Hold” and an average price target of $24.50.

In related news, VP Thomas A. Beaver sold 49,779 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $21.51, for a total value of $1,070,746.29. Following the transaction, the vice president now directly owns 76,529 shares in the company, valued at $1,646,138.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. NWQ Investment Management Company LLC grew its stake in shares of Stoneridge by 1.7% in the third quarter. NWQ Investment Management Company LLC now owns 2,037,198 shares of the auto parts company’s stock valued at $40,357,000 after acquiring an additional 33,240 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Stoneridge by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,833,777 shares of the auto parts company’s stock valued at $36,327,000 after acquiring an additional 77,601 shares in the last quarter. Royce & Associates LP grew its stake in shares of Stoneridge by 0.8% in the third quarter. Royce & Associates LP now owns 1,246,116 shares of the auto parts company’s stock valued at $24,686,000 after acquiring an additional 10,379 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Stoneridge by 4.1% in the second quarter. JPMorgan Chase & Co. now owns 1,054,612 shares of the auto parts company’s stock valued at $16,252,000 after acquiring an additional 42,020 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Stoneridge by 33.4% in the second quarter. Renaissance Technologies LLC now owns 835,600 shares of the auto parts company’s stock valued at $12,877,000 after acquiring an additional 209,000 shares in the last quarter. Institutional investors and hedge funds own 86.98% of the company’s stock.

Stoneridge (SRI) traded up $0.90 during trading hours on Thursday, hitting $26.35. 280,917 shares of the company’s stock traded hands, compared to its average volume of 191,452. Stoneridge has a 12-month low of $14.16 and a 12-month high of $26.47. The firm has a market capitalization of $742.31, a P/E ratio of 17.57 and a beta of 1.45. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.65 and a current ratio of 2.24.

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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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