Stoneridge, Inc. (NYSE:SRI) – Equities researchers at B. Riley issued their Q1 2018 earnings estimates for Stoneridge in a research report issued on Tuesday. B. Riley analyst C. Horn expects that the auto parts company will post earnings of $0.50 per share for the quarter. B. Riley has a “Neutral” rating and a $24.00 price objective on the stock. B. Riley also issued estimates for Stoneridge’s Q2 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.49 EPS, FY2018 earnings at $2.01 EPS and FY2019 earnings at $2.16 EPS.
Stoneridge (NYSE:SRI) last announced its earnings results on Wednesday, February 28th. The auto parts company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.05. Stoneridge had a net margin of 5.48% and a return on equity of 21.09%. The firm had revenue of $207.40 million for the quarter, compared to the consensus estimate of $206.50 million. During the same period in the prior year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis.
Shares of Stoneridge (NYSE SRI) opened at $25.30 on Thursday. Stoneridge has a 52 week low of $14.16 and a 52 week high of $26.47. The firm has a market cap of $712.73, a P/E ratio of 16.11 and a beta of 1.37. The company has a current ratio of 2.24, a quick ratio of 1.65 and a debt-to-equity ratio of 0.58.
A number of hedge funds and other institutional investors have recently bought and sold shares of SRI. Pembroke Management LTD acquired a new position in Stoneridge during the 4th quarter worth approximately $7,226,000. Driehaus Capital Management LLC acquired a new position in Stoneridge during the 4th quarter worth approximately $5,765,000. TIAA CREF Investment Management LLC grew its holdings in Stoneridge by 155.2% during the 4th quarter. TIAA CREF Investment Management LLC now owns 294,305 shares of the auto parts company’s stock worth $6,728,000 after acquiring an additional 178,989 shares in the last quarter. EAM Investors LLC acquired a new position in Stoneridge during the 4th quarter worth approximately $2,389,000. Finally, Bank of Montreal Can grew its holdings in Stoneridge by 111,050.6% during the 4th quarter. Bank of Montreal Can now owns 98,924 shares of the auto parts company’s stock worth $2,262,000 after acquiring an additional 98,835 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “B. Riley Weighs in on Stoneridge, Inc.’s Q1 2018 Earnings (SRI)” was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://sportsperspectives.com/2018/03/10/b-riley-weighs-in-on-stoneridge-inc-s-q1-2018-earnings-sri.html.
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.
Receive News & Ratings for Stoneridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stoneridge and related companies with MarketBeat.com's FREE daily email newsletter.