Q1 Earnings Estimate for Strattec Security Issued By Sidoti

Key Points

• Sidoti raised Strattec Security’s Q1 2027 EPS estimate to $1.38 from $1.31, while forecasting $5.05 in fiscal 2028 earnings per share. The consensus full-year estimate is currently $4.85.
• Strattec recently reported quarterly EPS of $2.06, surpassing analysts’ $1.36 estimate, and revenue of $151.83 million, above the $146.77 million consensus.
• Shares opened at $70.29, down 3.4%, while the company’s board authorized a $40 million share repurchase covering up to 12.8% of outstanding shares; institutional investors own 68.91% of the stock.

Strattec Security Corporation (NASDAQ:STRT - Free Report) - Equities researchers at Sidoti boosted their Q1 2027 earnings estimates for shares of Strattec Security in a note issued to investors on Thursday, August 27th. Sidoti analyst J. Franzreb now anticipates that the auto parts company will post earnings per share of $1.38 for the quarter, up from their previous estimate of $1.31. The consensus estimate for Strattec Security's current full-year earnings is $4.85 per share. Sidoti also issued estimates for Strattec Security's Q2 2027 earnings at $0.87 EPS, Q3 2027 earnings at $0.94 EPS, Q1 2028 earnings at $1.44 EPS, Q2 2028 earnings at $1.04 EPS, Q3 2028 earnings at $1.12 EPS and FY2028 earnings at $5.05 EPS.

Several other analysts also recently commented on STRT. Zacks Research raised Strattec Security from a "strong sell" rating to a "hold" rating in a research note on Friday, July 10th. Wall Street Zen lowered Strattec Security from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. Weiss Ratings reissued a "buy (b)" rating on shares of Strattec Security in a report on Wednesday, June 24th. Finally, Freedom Capital upgraded Strattec Security from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Strattec Security has an average rating of "Buy".

Strattec Security Stock Down 3.4%

NASDAQ STRT opened at $70.29 on Friday. Strattec Security has a 52-week low of $57.01 and a 52-week high of $93.00. The business's 50-day moving average price is $82.03 and its 200 day moving average price is $79.79. The firm has a market cap of $293.81 million, a P/E ratio of 14.06, a P/E/G ratio of 1.50 and a beta of 1.18.

Strattec Security (NASDAQ:STRT - Get Free Report) last announced its earnings results on Tuesday, August 25th. The auto parts company reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.70. Strattec Security had a net margin of 3.56% and a return on equity of 10.82%. The business had revenue of $151.83 million during the quarter, compared to analysts' expectations of $146.77 million.

Strattec Security declared that its Board of Directors has authorized a share buyback program on Thursday, May 28th that allows the company to buyback $40.00 million in outstanding shares. This buyback authorization allows the auto parts company to buy up to 12.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Strattec Security

A number of institutional investors have recently added to or reduced their stakes in STRT. BlackRock Inc. purchased a new position in shares of Strattec Security during the 2nd quarter worth approximately $26,464,000. Gabelli Funds LLC lifted its holdings in shares of Strattec Security by 41.7% in the 1st quarter. Gabelli Funds LLC now owns 247,800 shares of the auto parts company's stock valued at $19,413,000 after buying an additional 72,900 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Strattec Security in the third quarter valued at approximately $4,353,000. Millennium Management LLC boosted its stake in shares of Strattec Security by 117.3% in the third quarter. Millennium Management LLC now owns 112,312 shares of the auto parts company's stock valued at $7,644,000 after buying an additional 60,628 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Strattec Security by 110.2% during the second quarter. Geode Capital Management LLC now owns 90,389 shares of the auto parts company's stock worth $5,624,000 after acquiring an additional 47,389 shares during the period. Hedge funds and other institutional investors own 68.91% of the company's stock.

Strattec Security Company Profile

Strattec Security Corporation is a Wisconsin‐based designer and manufacturer of mechanical and electronic locking systems for the global automotive market. Established more than five decades ago, the company supplies original equipment manufacturers (OEMs) and the aftermarket with a broad portfolio of lock and key solutions tailored to passenger cars, light trucks and commercial vehicles.

The company's product range includes mechanical locking systems such as door lock cylinders, ignition lock modules, key blanks and door handles, as well as electromechanical and keyless‐entry systems.

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