Stoneridge, Inc. (NYSE:SRI) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.38-1.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.29. The company issued revenue guidance of $795.0-815.0 million, compared to the consensus revenue estimate of $791.35 million.

SRI has been the subject of a number of analyst reports. Zacks Investment Research raised Stoneridge from a hold rating to a buy rating and set a $17.00 price objective for the company in a research report on Wednesday. ValuEngine raised Stoneridge from a hold rating to a buy rating in a research report on Tuesday, June 27th. Finally, B. Riley reaffirmed a buy rating and set a $22.00 price objective on shares of Stoneridge in a research report on Saturday, May 13th.

Stoneridge, Inc. (SRI) traded down 0.77% on Friday, reaching $16.84. The company had a trading volume of 133,983 shares. The stock’s 50-day moving average is $15.25 and its 200-day moving average is $16.88. Stoneridge, Inc. has a 52 week low of $13.42 and a 52 week high of $20.82. The company has a market capitalization of $474.37 million, a P/E ratio of 6.23 and a beta of 1.33.

Stoneridge (NYSE:SRI) last posted its earnings results on Wednesday, August 2nd. The auto parts company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.10. The company had revenue of $209.10 million during the quarter, compared to analyst estimates of $202.45 million. Stoneridge had a return on equity of 24.84% and a net margin of 10.77%. Stoneridge’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. Equities research analysts forecast that Stoneridge, Inc. will post $1.36 EPS for the current fiscal year.

In other Stoneridge news, insider Peter Kruk sold 22,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $16.63, for a total transaction of $365,860.00. Following the completion of the sale, the insider now owns 20,047 shares in the company, valued at $333,381.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.30% of the stock is owned by corporate insiders.

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About Stoneridge

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 and Estimates for Stoneridge (NYSE:SRI)

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