NYSE:SRI

Stoneridge (SRI) Stock Forecast, Price & News

$19.98

+0.02 (+0.10%)

(As of 09/21/2023 ET)

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Today's Range: $19.41
▼
$20.23
50-Day Range: $18.57
▼
$24.48
52-Week Range: $14.18
▼
$25.87

Volume: 72,525 shs
Average Volume: 71,888 shs
Market Capitalization: $549.85 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $27.00

Stoneridge MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 35.1% Upside
$27.00 Price Target
Short Interest: Bearish
2.26% of Float Sold Short
Dividend Strength: N/A
Sustainability: -3.29
Upright™ Environmental Score
News Sentiment: 0.60
Based on 3 Articles This Week
Insider Trading: Balanced
Insiders Both Buying and Selling
Proj. Earnings Growth: Growing
From ($0.05) to $0.49 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.07 out of 5 stars

Computer And Technology Sector

395th out of 594 stocks

Motor Vehicle Parts & Accessories Industry

24th out of 34 stocks

3.5

Analyst's Opinion

Consensus Rating
Stoneridge has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $27.00, Stoneridge has a forecasted upside of 35.1% from its current price of $19.98.
Amount of Analyst Coverage
Stoneridge has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.26% of the float of Stoneridge has been sold short.
Short Interest Ratio / Days to Cover
Stoneridge has a short interest ratio ("days to cover") of 5.9.
Change versus previous month
Short interest in Stoneridge has recently increased by 28.43%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Stoneridge does not currently pay a dividend.
Dividend Growth
Stoneridge does not have a long track record of dividend growth.

1.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Stoneridge has received a -3.74% net impact score from Upright. The largest negative impact of Stoneridge in category "GHG emissions" seems to be driven mostly by its "Car electric distribution systems", "Road vehicle control modules", and "Car sensors" products. See details.
Environmental Sustainability
The Environmental Impact score for Stoneridge is -3.29.

2.6

News and Social Media Coverage

News Sentiment
Stoneridge has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Stoneridge this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for SRI on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
64 people have added Stoneridge to their MarketBeat watchlist in the last 30 days. This is an increase of 6,300% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Stoneridge insiders have sold just slightly more of their company's stock than they have bought. Specifically, they have bought $50,803.00 in company stock and sold $53,250.00 in company stock. It is common for insiders to sell company stock at intervals simply to diversify their holdings.
Percentage Held by Insiders
Only 4.40% of the stock of Stoneridge is held by insiders.
Percentage Held by Institutions
98.07% of the stock of Stoneridge is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Stoneridge are expected to grow in the coming year, from ($0.05) to $0.49 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Stoneridge is -58.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Stoneridge is -58.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Stoneridge has a P/B Ratio of 1.94. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Stoneridge (NYSE:SRI) Stock

Stoneridge, Inc., together with its subsidiaries, designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates in three segments: Control Devices, Electronics, and Stoneridge Brazil. The Control Devices segment offers actuators, sensors, switches, actuators, and connectors that monitor, measure, or activate specific functions within a vehicle. The Electronics segment designs and manufactures driver information systems, camera-based vision systems, connectivity and compliance products, and electronic control units. Its products collect, store, and display vehicle information, such as speed, pressure, maintenance data, trip information, operator performance, temperature, distance traveled, and driver messages related to vehicle performance. This segment offers electronic control units that regulate, coordinate, monitor, and direct the operation of the electrical system within a vehicle. The Stoneridge Brazil segment designs, manufactures, and sells vehicle tracking devices and monitoring services; vehicle security alarms and convenience accessories; in-vehicle audio and infotainment devices; and telematics solutions. It also offers security alarms and convenience applications, such as parking sensors and rearview cameras, audio and infotainment systems, and telematics products. The company provides its products and systems to various original equipment manufacturers and Tier 1 customers, as well as aftermarket distributors and mass merchandisers for use in various vehicle platforms. Stoneridge, Inc. was founded in 1965 and is headquartered in Novi, Michigan.

SRI Price History

30 days | 90 days | 365 days | Advanced Chart

SRI Stock News Headlines

September 19, 2023 | americanbankingnews.com

Stoneridge (NYSE:SRI) Stock Price Passes Above 200-Day Moving Average of $18.78

September 19, 2023 | barrons.com

Stoneridge Inc.

September 22, 2023 | Edge On The Street (Ad)

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September 7, 2023 | finance.yahoo.com

Stoneridge to Present at CL King's 21st Annual Best Ideas Conference

August 24, 2023 | finance.yahoo.com

Stoneridge Asia-Pacific Earns 2023 Greater Suzhou Best Employer Award

August 14, 2023 | markets.businessinsider.com

Stoneridge (SRI) Receives a Rating Update from a Top Analyst

August 11, 2023 | finance.yahoo.com

Returns On Capital At Stoneridge (NYSE:SRI) Paint A Concerning Picture

August 6, 2023 | seekingalpha.com

Stoneridge, Inc. 2023 Q2 - Results - Earnings Call Presentation

September 22, 2023 | Wall Street Fundamentals (Ad)

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August 3, 2023 | msn.com

Barrington Research Upgrades Stoneridge (SRI)

August 3, 2023 | benzinga.com

Stoneridge Reports Second Quarter 2023 Results

August 3, 2023 | markets.businessinsider.com

Stoneridge Inc. Q2 Loss Declines

July 20, 2023 | finance.yahoo.com

STONERIDGE, INC. TO BROADCAST ITS SECOND-QUARTER 2023 CONFERENCE CALL ON THE WEB

July 19, 2023 | finance.yahoo.com

SRI - Stoneridge, Inc.

July 11, 2023 | forbes.com

Convert Sri Lankan Rupee To United States Dollar

July 6, 2023 | finance.yahoo.com

Why Fast-paced Mover Stoneridge (SRI) Is a Great Choice for Value Investors

July 3, 2023 | finance.yahoo.com

Stoneridge Insider Ups Holding During Year

May 26, 2023 | msn.com

Stephens & Co. Reiterates Stoneridge (SRI) Overweight Recommendation

May 3, 2023 | finance.yahoo.com

Stoneridge Reports First Quarter 2023 Results

April 20, 2023 | finance.yahoo.com

STONERIDGE, INC. TO BROADCAST ITS FIRST-QUARTER 2023 CONFERENCE CALL ON THE WEB

April 19, 2023 | finance.yahoo.com

Investors in Stoneridge (NYSE:SRI) have unfortunately lost 31% over the last five years

March 8, 2023 | finance.yahoo.com

Stoneridge Elects Sheila M. Rutt to Board of Directors

March 7, 2023 | finance.yahoo.com

Stoneridge, Inc. (NYSE:SRI) Q4 2022 Earnings Call Transcript

March 4, 2023 | finance.yahoo.com

Stoneridge Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

March 4, 2023 | finance.yahoo.com

Stoneridge (NYSE:SRI) May Have Issues Allocating Its Capital

March 3, 2023 | finance.yahoo.com

Are Options Traders Betting on a Big Move in Stoneridge (SRI) Stock?

March 3, 2023 | finance.yahoo.com

Q4 2022 Stoneridge Inc Earnings Call

See More Headlines

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SRI Company Calendar

Last Earnings: 8/02/2023
Today: 9/21/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Motor vehicle parts & accessories
Sub-Industry: Auto Parts & Equipment
Sector: Computer and Technology
Current Symbol: NYSE:SRI
CUSIP: 86183P10
CIK: 1043337
Web: www.stoneridge.com
Phone: (248) 489-9300
Fax: 330-856-3618
Employees: 5,250
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $27.00
High Stock Price Forecast: $27.00
Low Stock Price Forecast: $27.00
Forecasted Upside/Downside: +35.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.34)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-14,060,000.00
Net Margins: -0.97%
Pretax Margin: -0.74%
Return on Equity: -1.51%
Return on Assets: -0.63%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.14
Quick Ratio: 0.69

Sales & Book Value

Annual Sales: $899.92 million
Price / Sales: 0.61
Cash Flow: $0.80 per share
Price / Cash Flow: 25.11
Book Value: $10.28 per share
Price / Book: 1.94

Miscellaneous

Outstanding Shares: 27,520,000
Free Float: 26,311,000
Market Cap: $549.85 million
Optionable: Optionable
Beta: 1.40

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Key Executives

Mr. James Zizelman (Age 62)
Pres, CEO & Director
Comp: $423.78k

Mr. Matthew R. Horvath (Age 37)
CFO & Treasurer
Comp: $369.25k

Ms. Susan C. Benedict (Age 57)
Chief HR Officer and Assistant Gen. Counsel of Labor & Employment
Comp: $326.4k

Mr. Archie Nimmer III
VP of Global Operations

Mr. Robert J. Hartman Jr. (Age 56)
Chief Accounting Officer

Ms. Theresa G. Mitchell
Chief Information Officer

Kelly K. Harvey
Director of Investor Relations

Samantha Simmerson
Mang. of Global Marketing & Communications

Mr. Caetano Roberto Ferraiolo (Age 55)
Pres of Stoneridge Brazil Division

Mr. Salvatore Dino Orsini (Age 53)
Chief Procurement Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SRI Stock - Frequently Asked Questions

Should I buy or sell Stoneridge stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Stoneridge in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SRI shares.
View SRI analyst ratings or view top-rated stocks.
What is Stoneridge's stock price forecast for 2023?: 2 Wall Street analysts have issued 12-month price targets for Stoneridge's shares. Their SRI share price forecasts range from $27.00 to $27.00. On average, they anticipate the company's stock price to reach $27.00 in the next year. This suggests a possible upside of 35.1% from the stock's current price.
View analysts price targets for SRI or view top-rated stocks among Wall Street analysts.
How have SRI shares performed in 2023?: Stoneridge's stock was trading at $21.56 at the start of the year. Since then, SRI stock has decreased by 7.3% and is now trading at $19.98.
View the best growth stocks for 2023 here.
Are investors shorting Stoneridge?: Stoneridge saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 591,700 shares, an increase of 28.4% from the August 15th total of 460,700 shares. Based on an average daily trading volume, of 100,300 shares, the short-interest ratio is currently 5.9 days. Currently, 2.3% of the company's stock are sold short.
View Stoneridge's Short Interest.
When is Stoneridge's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our SRI earnings forecast.
How were Stoneridge's earnings last quarter?: Stoneridge, Inc. (NYSE:SRI) posted its earnings results on Wednesday, August, 2nd. The auto parts company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The auto parts company earned $266.81 million during the quarter, compared to analyst estimates of $242.13 million. Stoneridge had a negative trailing twelve-month return on equity of 1.51% and a negative net margin of 0.97%. The firm's quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.29) EPS.
What guidance has Stoneridge issued on next quarter's earnings?: Stoneridge issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of -$0.10-$0.10 for the period, compared to the consensus EPS estimate of -$0.14. The company issued revenue guidance of $960.00 million-$990.00 million, compared to the consensus revenue estimate of $960.56 million.
What is John C. Corey's approval rating as Stoneridge's CEO?: 19 employees have rated Stoneridge Chief Executive Officer John C. Corey on Glassdoor.com. John C. Corey has an approval rating of 77% among the company's employees.

What other stocks do shareholders of Stoneridge own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Stoneridge investors own include Hawkins (HWKN), CA (CA), XOMA (XOMA), Endologix (ELGX), BlackRock (BLK), NVIDIA (NVDA), STMicroelectronics (STM), Vuzix (VUZI), Micron Technology (MU) and Sangamo Therapeutics (SGMO).
What is Stoneridge's stock symbol?: Stoneridge trades on the New York Stock Exchange (NYSE) under the ticker symbol "SRI."
Who are Stoneridge's major shareholders?: Stoneridge's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Thrivent Financial for Lutherans (10.58%), BlackRock Inc. (7.59%), Cooke & Bieler LP (5.98%), Frontier Capital Management Co. LLC (5.76%), Dimensional Fund Advisors LP (5.29%) and ArrowMark Colorado Holdings LLC (3.97%). Insiders that own company stock include George S Mayes Jr, Jonathan B Degaynor, Laurent Borne, Rajaey Kased and Robert J Jr Hartman.
View institutional ownership trends.
How do I buy shares of Stoneridge?: Shares of SRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Stoneridge's stock price today?: One share of SRI stock can currently be purchased for approximately $19.98.
How much money does Stoneridge make?: Stoneridge (NYSE:SRI) has a market capitalization of $549.85 million and generates $899.92 million in revenue each year. The auto parts company earns $-14,060,000.00 in net income (profit) each year or ($0.34) on an earnings per share basis.
How many employees does Stoneridge have?: The company employs 5,250 workers across the globe.
How can I contact Stoneridge?: Stoneridge's mailing address is 39675 MACKENZIE DRIVE SUITE 400, NOVI MI, 48377. The official website for the company is www.stoneridge.com. The auto parts company can be reached via phone at (248) 489-9300, via email at investor_relations@stoneridge.com, or via fax at 330-856-3618.

This page (NYSE:SRI) was last updated on 9/22/2023 by MarketBeat.com Staff

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