Stoneridge (SRI) Getting Somewhat Favorable News Coverage, Analysis Shows
Media headlines about Stoneridge (NYSE:SRI) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Stoneridge earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the auto parts company an impact score of 45.5261908970464 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Stoneridge, Inc. (SRI) Set to Announce Earnings on Wednesday (americanbankingnews.com)
- Financial Analysis: Stoneridge (SRI) and Its Competitors (americanbankingnews.com)
- Zacks: Brokerages Expect Stoneridge, Inc. (SRI) Will Post Earnings of $0.32 Per Share (americanbankingnews.com)
- Stoneridge, Inc. (SRI) Rating Reiterated by KeyCorp (americanbankingnews.com)
- Stoneridge, Inc. (SRI) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
SRI has been the subject of several recent analyst reports. KeyCorp reiterated a “hold” rating on shares of Stoneridge in a research note on Sunday. Zacks Investment Research cut shares of Stoneridge from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. ValuEngine cut shares of Stoneridge from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, BidaskClub cut shares of Stoneridge from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $18.67.
Shares of Stoneridge (NYSE SRI) traded up 2.89% during trading on Wednesday, reaching $22.76. 151,885 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $18.81 and its 200 day moving average price is $17.04. Stoneridge has a 52 week low of $13.42 and a 52 week high of $22.78. The firm has a market capitalization of $641.13 million, a PE ratio of 8.42 and a beta of 1.44.
Stoneridge (NYSE:SRI) last issued its quarterly earnings results on Wednesday, August 2nd. The auto parts company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.10. Stoneridge had a net margin of 10.12% and a return on equity of 22.52%. The company had revenue of $209.10 million during the quarter, compared to the consensus estimate of $202.45 million. During the same period in the prior year, the company earned $0.41 EPS. Stoneridge’s revenue was up 11.9% on a year-over-year basis. Analysts predict that Stoneridge will post $1.46 EPS for the current fiscal year.
In other Stoneridge news, 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 value of $489,000.00. Following the completion of the sale, the vice president now directly owns 34,223 shares of the company’s stock, valued at approximately $557,834.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $121,480.58. Following the completion of the sale, the insider now directly owns 37,281 shares of the company’s stock, valued at $615,509.31. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by corporate insiders.
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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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