Stoneridge (SRI) Getting Somewhat Favorable News Coverage, Analysis Shows
News coverage about Stoneridge (NYSE:SRI) has trended somewhat positive on Saturday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. 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 news impact score of 0.11 on Accern’s scale. Accern also assigned news stories about the auto parts company an impact score of 46.3398508134164 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Stoneridge (SRI) traded up 0.56% during trading on Friday, hitting $16.19. 135,334 shares of the company traded hands. The firm has a 50 day moving average price of $15.84 and a 200-day moving average price of $16.85. The stock has a market cap of $456.06 million, a price-to-earnings ratio of 5.99 and a beta of 1.33. Stoneridge has a one year low of $13.42 and a one year high of $20.82.
Stoneridge (NYSE:SRI) last released its earnings results on Wednesday, August 2nd. The auto parts company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.10. The business had revenue of $209.10 million for the quarter, compared to the consensus estimate of $202.45 million. Stoneridge had a net margin of 10.12% and a return on equity of 22.52%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. Analysts predict that Stoneridge will post $1.46 EPS for the current year.
SRI has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Stoneridge from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 4th. B. Riley reaffirmed a “buy” rating and issued a $22.00 price target on shares of Stoneridge in a report on Monday, May 8th. ValuEngine downgraded shares of Stoneridge from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, BidaskClub downgraded shares of Stoneridge from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Stoneridge presently has an average rating of “Hold” and a consensus price target of $18.67.
In other news, VP Michael D. Sloan sold 30,000 shares of Stoneridge stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $16.30, for a total value of $489,000.00. Following the transaction, the vice president now directly owns 34,223 shares of the company’s stock, valued at $557,834.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.30% of the company’s stock.
Stoneridge Company Profile
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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