Stoneridge (NYSE:SRI) Releases Earnings Results

Stoneridge (NYSE:SRI) issued its quarterly earnings data on Wednesday. The auto parts company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01), FiscalAI reports. Stoneridge had a negative net margin of 15.64% and a negative return on equity of 24.91%. The company had revenue of $180.00 million during the quarter, compared to analyst estimates of $178.73 million.

Stoneridge Trading Down 1.2%

Shares of NYSE:SRI traded down $0.07 during trading on Wednesday, reaching $5.72. 178,113 shares of the company’s stock traded hands, compared to its average volume of 187,324. Stoneridge has a fifty-two week low of $4.60 and a fifty-two week high of $9.71. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.89 and a quick ratio of 1.27. The company has a 50-day simple moving average of $6.58 and a 200-day simple moving average of $6.90.

Insider Transactions at Stoneridge

In other Stoneridge news, CFO Scott Humphrey purchased 6,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were bought at an average price of $7.01 per share, for a total transaction of $42,060.00. Following the completion of the transaction, the chief financial officer owned 6,000 shares of the company’s stock, valued at $42,060. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Natalia Noblet acquired 5,000 shares of the company’s stock in a transaction on Monday, August 10th. The stock was acquired at an average cost of $7.31 per share, for a total transaction of $36,550.00. Following the completion of the acquisition, the chief executive officer owned 5,000 shares of the company’s stock, valued at $36,550. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 11.00% of the company’s stock.

Wall Street Analysts Forecast Growth

SRI has been the topic of several analyst reports. Zacks Research raised Stoneridge from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Stoneridge in a report on Monday, September 21st. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Stoneridge has an average rating of “Reduce”.

About Stoneridge

Stoneridge, Inc (NYSE: SRI) is a global designer and manufacturer of highly engineered electrical and electronic systems for the automotive, commercial vehicle and off-highway vehicle markets. The company develops technologies intended to improve vehicle safety, efficiency, connectivity and the driver experience.

Its products include electronic instrument clusters and driver-information systems, vehicle controls and switches, sensors, wiring and connectivity solutions, telematics systems, and camera-based vision technologies.