Analysts expect Stoneridge, Inc. (NYSE:SRI) to announce $189.94 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Stoneridge’s earnings. The highest sales estimate is $194.40 million and the lowest is $187.70 million. Stoneridge reported sales of $173.85 million during the same quarter last year, which indicates a positive year over year growth rate of 9.3%. The company is scheduled to report its next quarterly earnings report on Thursday, October 26th.

According to Zacks, analysts expect that Stoneridge will report full-year sales of $189.94 million for the current fiscal year, with estimates ranging from $782.61 million to $804.20 million. For the next financial year, analysts anticipate that the firm will report sales of $824.98 million per share, with estimates ranging from $812.65 million to $835.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Stoneridge.

Stoneridge (NYSE:SRI) last posted its quarterly earnings results on Wednesday, August 2nd. The auto parts company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.10. The company had revenue of $209.10 million for the quarter, compared to analyst estimates of $202.45 million. Stoneridge had a net margin of 10.12% and a return on equity of 22.52%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS.

Several equities analysts have recently weighed in on the stock. BidaskClub lowered shares of Stoneridge from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Zacks Investment Research raised shares of Stoneridge from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Wednesday, August 2nd. Finally, ValuEngine raised shares of Stoneridge from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $18.67.

In related news, insider Robert J. Jr. Hartman sold 7,358 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $16.51, for a total value of $121,480.58. Following the transaction, the insider now directly owns 37,281 shares in the company, valued at $615,509.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael D. Sloan sold 30,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $16.30, for a total transaction of $489,000.00. Following the completion of the transaction, the vice president now owns 34,223 shares in the company, valued at $557,834.90. The disclosure for this sale can be found here. 5.30% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its stake in shares of Stoneridge by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 112,389 shares of the auto parts company’s stock valued at $1,732,000 after acquiring an additional 627 shares in the last quarter. Horizon Investment Services LLC grew its stake in shares of Stoneridge by 0.6% in the second quarter. Horizon Investment Services LLC now owns 110,869 shares of the auto parts company’s stock valued at $1,708,000 after acquiring an additional 713 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Stoneridge by 12.2% in the first quarter. Legal & General Group Plc now owns 7,077 shares of the auto parts company’s stock valued at $128,000 after acquiring an additional 772 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Stoneridge by 0.8% in the first quarter. Alliancebernstein L.P. now owns 109,790 shares of the auto parts company’s stock valued at $1,992,000 after acquiring an additional 900 shares in the last quarter. Finally, American International Group Inc. grew its stake in shares of Stoneridge by 7.0% in the first quarter. American International Group Inc. now owns 16,522 shares of the auto parts company’s stock valued at $300,000 after acquiring an additional 1,087 shares in the last quarter. Institutional investors and hedge funds own 87.83% of the company’s stock.

Shares of Stoneridge (NYSE SRI) opened at 19.57 on Friday. Stoneridge has a 52-week low of $13.42 and a 52-week high of $20.82. The firm has a market capitalization of $551.27 million, a price-to-earnings ratio of 7.24 and a beta of 1.33. The firm has a 50-day moving average of $16.59 and a 200 day moving average of $16.79.

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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.

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Earnings History and Estimates for Stoneridge (NYSE:SRI)

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