Stoneridge, Inc. (SRI) Issues FY12 Earnings Guidance
Shares of Stoneridge, Inc. (SRI) opened at 5.02 on Friday. Stoneridge, Inc. (SRI) has a 52 week low of $4.45 and a 52 week high of $10.89. The company has a market cap of $140.8 million and a P/E ratio of 2.88.
Stoneridge last announced its earnings results on Thursday, August 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.02. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. On average, analysts predict that Stoneridge, Inc. (SRI) will post $0.76 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SRI shares. Analysts at Stephens initiated coverage on shares of Stoneridge in a research note to investors on Friday. They set an equal weight rating on the stock. On a related note, analysts at BB&T downgraded shares of Stoneridge from a buy rating to a hold rating in a research note to investors on Monday, September 24th. Finally, analysts at BB&T downgraded shares of Stoneridge from a buy rating to a hold rating in a research note to investors on Monday, September 24th.
Stoneridge, Inc. is an independent designer and manufacturer of highly engineered electrical and electronic components, modules and systems for the medium- and heavy-duty truck, automotive, agricultural and off-highway vehicle markets.
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