Media headlines about Stoneridge (NYSE:SRI) have trended somewhat positive on Tuesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Stoneridge earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media headlines about the auto parts company an impact score of 46.0463131183712 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Stoneridge, Inc. (SRI) Expected to Post Quarterly Sales of $189.04 Million (americanbankingnews.com)
- Analysts Anticipate Stoneridge, Inc. (SRI) to Post $0.32 Earnings Per Share (americanbankingnews.com)
- Stoneridge, Inc. (SRI) Insider Sells $121,480.58 in Stock (americanbankingnews.com)
- Is Stoneridge (SRI) Stock a Solid Choice Right Now? (finance.yahoo.com)
Shares of Stoneridge (NYSE SRI) traded up 2.27% on Tuesday, hitting $17.11. 41,791 shares of the stock were exchanged. The company has a market cap of $481.97 million, a PE ratio of 6.33 and a beta of 1.33. Stoneridge has a 12 month low of $13.42 and a 12 month high of $20.82. The company has a 50-day moving average price of $16.21 and a 200 day moving average price of $16.79.
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 Zacks’ consensus estimate of $0.32 by $0.10. The firm 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 company’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. Equities analysts forecast that Stoneridge will post $1.46 EPS for the current fiscal year.
SRI has been the subject of a number of analyst reports. ValuEngine upgraded shares of Stoneridge from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Zacks Investment Research upgraded shares of Stoneridge from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Wednesday, August 2nd. Finally, BidaskClub cut shares of Stoneridge from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $18.67.
In other 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 sale, the insider now directly owns 37,281 shares of the company’s stock, valued at approximately $615,509.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael D. Sloan sold 30,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $16.30, for a total transaction of $489,000.00. Following the completion of the sale, the vice president now directly 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.
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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