NYSE:SRIStoneridge Stock Price, Forecast & News

$20.30

+0.90 (+4.64 %)

(As of 05/26/2020 03:34 PM ET)

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Today's Range

$19.40

Now: $20.30▼

$20.34

50-Day Range

$13.91

MA: $17.60▼

$20.02

52-Week Range

$13.87

Now: $20.30▼

$34.46

Volume18,240 shs

Average Volume320,010 shs

Market Capitalization$547.90 million

P/E Ratio10.52

Dividend YieldN/A

Beta1.61

Stoneridge, Inc. designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets. The company operates in three segments: Control Devices, Electronics, and PST. The Control Devices segment offers sensors, switches, valves, and actuators that monitor, measure, or activate specific functions within a vehicle. The Electronics segment provides electronic instrument clusters, electronic control units, and driver information systems, camera-based vision systems, monitors, and related products. 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's power distribution modules and systems regulate, coordinate, monitor, and direct the operation of the electrical system within a vehicle. The PST segment offers in-vehicle audio and video devices, electronic vehicle security alarms, convenience accessories, vehicle monitoring and tracking devices, and infotainment systems. It 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 in North America, South America, Europe, and internationally. Stoneridge, Inc. was founded in 1965 and is headquartered in Novi, Michigan.

Beat the Market (BTM) Rank^™

3.2 Analyst's Opinion

Consensus Rating
Stoneridge has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $27.67, Stoneridge has a potential upside of 37.0% from its current price of $20.19.
Amount of Analyst Coverage
Stoneridge has only been the subject of 3 research reports in the past 90 days.

2.7 Community Rank

Outperform Votes
Stoneridge has received 397 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Stoneridge has received 339 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Stoneridge has received 53.94% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Stoneridge and other stocks. Vote “Outperform” if you believe SRI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SRI will underperform the S&P 500 over the long term. You may vote once every thirty days.

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.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Stoneridge insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.60% of the stock of Stoneridge is held by insiders.
Percentage Held by Institutions
97.35% of the stock of Stoneridge is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Stoneridge are expected to grow in the coming year, from ($0.07) to $0.56 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Stoneridge is 10.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of Stoneridge is 10.46, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.80.
Price to Book Value per Share Ratio
Stoneridge has a P/B Ratio of 1.91. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.75 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Motor vehicle parts & accessories

Sub-IndustryAuto Parts & Equipment

SectorComputer and Technology

Current SymbolNYSE:SRI

Previous Symbol

CUSIP86183P10

CIK1043337

Webwww.stoneridge.com

Phone248-489-9300

Debt

Debt-to-Equity Ratio0.67

Current Ratio2.68

Quick Ratio1.94

Price-To-Earnings

Trailing P/E Ratio10.52

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$834.29 million

Price / Sales0.66

Cash Flow$2.91 per share

Price / Cash Flow6.97

Book Value$10.59 per share

Price / Book1.92

Profitability

EPS (Most Recent Fiscal Year)$1.47

Net Income$60.29 million

Net Margins6.77%

Return on Equity12.02%

Return on Assets5.60%

Miscellaneous

Employees4,700

Outstanding Shares26,990,000

Market Cap$547.90 million

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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Stoneridge (NYSE:SRI) Frequently Asked Questions

How has Stoneridge's stock been impacted by COVID-19 (Coronavirus)?

Stoneridge's stock was trading at $18.37 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SRI shares have increased by 9.9% and is now trading at $20.19. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Stoneridge?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Stoneridge in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Stoneridge.

When is Stoneridge's next earnings date?

Stoneridge is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Stoneridge.

How were Stoneridge's earnings last quarter?

Stoneridge, Inc. (NYSE:SRI) announced its quarterly earnings results on Wednesday, May, 6th. The auto parts company reported $0.20 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.19 by $0.01. The auto parts company had revenue of $183 million for the quarter, compared to analysts' expectations of $182.15 million. Stoneridge had a net margin of 6.77% and a return on equity of 12.02%. The company's quarterly revenue was down 16.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 earnings per share. View Stoneridge's earnings history.

How will Stoneridge's stock buyback program work?

Stoneridge announced that its board has approved a stock repurchase plan on Wednesday, February 26th 2020, which allows the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 8.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

What guidance has Stoneridge issued on next quarter's earnings?

Stoneridge updated its FY20 earnings guidance on Wednesday, February, 26th. The company provided EPS guidance of $0.95 - $1.15 for the period, compared to the Thomson Reuters consensus estimate of $1.70. The company issued revenue guidance of $750.0 - $770.0 million, compared to the consensus revenue estimate of $823.91 million.

What price target have analysts set for SRI?

3 analysts have issued 1-year price objectives for Stoneridge's shares. Their forecasts range from $20.00 to $35.00. On average, they expect Stoneridge's stock price to reach $27.67 in the next year. This suggests a possible upside of 37.0% from the stock's current price. View analysts' price targets for Stoneridge.

What are Wall Street analysts saying about Stoneridge stock?

Here are some recent quotes from research analysts about Stoneridge stock:

1. According to Zacks Investment Research, "Stoneridge Inc. is an independent designer and manufacturer of highly engineered electrical and electronic components, modules and systems for the automotive, medium and heavy-duty truck, and agricultural vehicle markets. Their products interface with a vehicle's mechanical and electrical systems to activate equipment and accessories, display and monitor vehicle performance, and control and distribute electrical power and signals. " (5/9/2020)
2. Barrington Research analysts commented, "We have an OUTPERFORM investment rating on the shares with a $35 price target." (7/29/2019)

Has Stoneridge been receiving favorable news coverage?

Media stories about SRI stock have trended neutral this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Stoneridge earned a media sentiment score of 0.5 on InfoTrie's scale. They also assigned media headlines about the auto parts company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutStoneridge.

Are investors shorting Stoneridge?

Stoneridge saw a decrease in short interest in May. As of May 15th, there was short interest totaling 428,200 shares, a decrease of 6.0% from the April 30th total of 455,300 shares. Based on an average trading volume of 349,800 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.7% of the company's shares are short sold. View Stoneridge's Current Options Chain.

Who are some of Stoneridge's key competitors?

Some companies that are related to Stoneridge include Aptiv (APTV), Lear (LEA), Gentex (GNTX), BorgWarner (BWA), Allison Transmission (ALSN), LCI Industries (LCII), Dorman Products (DORM), Visteon (VC), Dana (DAN), Gentherm (THRM), Standard Motor Products (SMP), American Axle & Manufact. (AXL), Tower International (TOWR), Spartan Motors (SPAR) and Tenneco (TEN). View all competitors.

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), Micron Technology (MU), STMicroelectronics (STM), Vuzix (VUZI) and Sangamo Therapeutics (SGMO).

Who are Stoneridge's key executives?

Stoneridge's management team includes the following people:

Mr. Jonathan B. DeGaynor, CEO, Pres & Director (Age 52)
Mr. Robert R. Krakowiak, Exec. VP, CFO & Treasurer (Age 48)
Mr. Thomas Michael Dono Jr., Chief Legal Officer & Sec. (Age 46)
Mr. Thomas A. Beaver, VP & Pres of Global Sales (Age 65)
Mr. Robert R. Willig Jr., Pres of the Control Devices Division (Age 56)

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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.30%), Silvercrest Asset Management Group LLC (6.67%), Frontier Capital Management Co. LLC (5.93%), Massachusetts Financial Services Co. MA (5.14%), Pembroke Management LTD (3.42%) and Loomis Sayles & Co. L P (2.91%). Company insiders that own Stoneridge stock include Anthony L Moore, Robert J Jr Hartman and Thomas A Beaver. View institutional ownership trends for Stoneridge.

Which institutional investors are selling Stoneridge stock?

SRI stock was sold by a variety of institutional investors in the last quarter, including Rice Hall James & Associates LLC, Massachusetts Financial Services Co. MA, Loomis Sayles & Co. L P, Bank of New York Mellon Corp, Alliancebernstein L.P., Systematic Financial Management LP, AQR Capital Management LLC, and UBS Group AG. Company insiders that have sold Stoneridge company stock in the last year include Robert J Jr Hartman, and Thomas A Beaver. View insider buying and selling activity for Stoneridge.

Which institutional investors are buying Stoneridge stock?

SRI stock was bought by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Janus Henderson Group PLC, Disciplined Growth Investors Inc. MN, Silvercrest Asset Management Group LLC, Grantham Mayo Van Otterloo & Co. LLC, SG Americas Securities LLC, NWQ Investment Management Company LLC, and Advisor Group Holdings Inc.. View insider buying and selling activity for Stoneridge.

How do I buy shares of Stoneridge?

Shares of SRI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Stoneridge's stock price today?

One share of SRI stock can currently be purchased for approximately $20.19.

How big of a company is Stoneridge?

Stoneridge has a market capitalization of $544.93 million and generates $834.29 million in revenue each year. The auto parts company earns $60.29 million in net income (profit) each year or $1.47 on an earnings per share basis. Stoneridge employs 4,700 workers across the globe.

What is Stoneridge's official website?

The official website for Stoneridge is www.stoneridge.com.

How can I contact Stoneridge?

Stoneridge's mailing address is 39675 MACKENZIE DRIVE SUITE 400, NOVI MI, 48377. The auto parts company can be reached via phone at 248-489-9300 or via email at [email protected]

This page was last updated on 5/26/2020 by MarketBeat.com Staff