Equities research analysts predict that Stoneridge, Inc. (NYSE:SRI) will report $0.36 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Stoneridge’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.36. Stoneridge posted earnings per share of $0.34 during the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The business is expected to issue its next earnings results on Thursday, March 1st.

On average, analysts expect that Stoneridge will report full year earnings of $1.50 per share for the current financial year, with EPS estimates ranging from $1.45 to $1.54. For the next financial year, analysts anticipate that the company will post earnings of $1.54 per share, with EPS estimates ranging from $1.50 to $1.60. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Stoneridge.

Stoneridge (NYSE:SRI) last issued its quarterly earnings results on Wednesday, November 1st. The auto parts company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.04. The firm had revenue of $203.60 million during the quarter, compared to analysts’ expectations of $192.80 million. Stoneridge had a net margin of 9.45% and a return on equity of 20.37%. Stoneridge’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS.

A number of analysts recently weighed in on SRI shares. Zacks Investment Research cut shares of Stoneridge from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. KeyCorp restated a “hold” rating on shares of Stoneridge in a research note on Friday, November 17th. B. Riley restated a “neutral” rating on shares of Stoneridge in a research note on Friday, November 3rd. Finally, ValuEngine upgraded shares of Stoneridge from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Stoneridge has a consensus rating of “Hold” and a consensus price target of $24.50.

In other news, VP Thomas A. Beaver sold 49,779 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $21.51, for a total value of $1,070,746.29. Following the completion of the sale, the vice president now owns 76,529 shares in the company, valued at approximately $1,646,138.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.30% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. NWQ Investment Management Company LLC lifted its stake in shares of Stoneridge by 1.7% in the third quarter. NWQ Investment Management Company LLC now owns 2,037,198 shares of the auto parts company’s stock valued at $40,357,000 after purchasing an additional 33,240 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Stoneridge by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,833,777 shares of the auto parts company’s stock valued at $36,327,000 after purchasing an additional 77,601 shares during the period. Royce & Associates LP lifted its stake in shares of Stoneridge by 0.8% in the third quarter. Royce & Associates LP now owns 1,246,116 shares of the auto parts company’s stock valued at $24,686,000 after purchasing an additional 10,379 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Stoneridge by 4.1% in the second quarter. JPMorgan Chase & Co. now owns 1,054,612 shares of the auto parts company’s stock valued at $16,252,000 after purchasing an additional 42,020 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Stoneridge by 33.4% in the second quarter. Renaissance Technologies LLC now owns 835,600 shares of the auto parts company’s stock valued at $12,877,000 after purchasing an additional 209,000 shares during the period. Hedge funds and other institutional investors own 86.98% of the company’s stock.

Shares of Stoneridge (NYSE SRI) traded down $0.56 during trading hours on Thursday, reaching $25.45. 162,842 shares of the company were exchanged, compared to its average volume of 229,250. The firm has a market cap of $703.72, a PE ratio of 9.71 and a beta of 1.45. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.65 and a current ratio of 2.24. Stoneridge has a 12-month low of $14.16 and a 12-month high of $26.05.

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About Stoneridge

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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