Stoneridge, Inc. (SRI) Expected to Announce Earnings of $0.42 Per Share
Wall Street analysts expect Stoneridge, Inc. (NYSE:SRI) to announce earnings of $0.42 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Stoneridge’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.41. Stoneridge also posted earnings per share of $0.42 in the same quarter last year. The company is scheduled to issue its next earnings report on Wednesday, February 27th.
On average, analysts expect that Stoneridge will report full-year earnings of $1.94 per share for the current financial year, with EPS estimates ranging from $1.93 to $1.95. For the next fiscal year, analysts anticipate that the company will post earnings of $2.12 per share, with EPS estimates ranging from $2.05 to $2.19. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Stoneridge.
A number of equities analysts have recently issued reports on SRI shares. Barrington Research restated a “buy” rating and set a $35.00 price objective on shares of Stoneridge in a research report on Wednesday, January 23rd. Buckingham Research set a $32.00 price objective on Stoneridge and gave the company a “buy” rating in a research note on Friday, December 28th. Stephens reaffirmed a “buy” rating and set a $31.00 target price on shares of Stoneridge in a research report on Sunday, January 6th. Finally, Zacks Investment Research raised Stoneridge from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $30.50.
Stoneridge stock opened at $27.17 on Monday. Stoneridge has a 12 month low of $21.68 and a 12 month high of $37.69. The company has a quick ratio of 1.60, a current ratio of 2.20 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $765.95 million, a price-to-earnings ratio of 17.31 and a beta of 1.01.
Stoneridge, Inc designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets. It operates through three segments: Control Devices, Electronics, and PST. The Control Devices segment provides sensors, switches, valves, and actuators that monitor, measure, or activate specific functions within a vehicle.
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