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NYSE:SRI - Stoneridge Stock Price, Forecast & News

$14.62
-2.13 (-12.72 %)
(As of 04/2/2020 09:26 AM ET)
Today's Range
$14.48
Now: $14.62
$16.01
50-Day Range
$14.33
MA: $22.01
$29.97
52-Week Range
$13.94
Now: $14.62
$34.46
Volume259,573 shs
Average Volume385,180 shs
Market Capitalization$400.73 million
P/E Ratio6.86
Dividend YieldN/A
Beta1.63
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.
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Industry, Sector and Symbol

Industry Motor vehicle parts & accessories
Sub-IndustryAuto Parts & Equipment
SectorComputer and Technology
CUSIP86183P10
Phone248-489-9300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$834.29 million
Cash Flow$2.33 per share
Book Value$10.59 per share

Profitability

Net Income$60.29 million

Miscellaneous

Employees4,700
Market Cap$400.73 million
Next Earnings Date5/6/2020 (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 decreased by 20.4% and is now trading at $14.62. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Stoneridge?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Stoneridge in the last year. There are currently 3 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, May 6th 2020. View our earnings forecast for Stoneridge.

How were Stoneridge's earnings last quarter?

Stoneridge, Inc. (NYSE:SRI) released its earnings results on Wednesday, February, 26th. The auto parts company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.07. The auto parts company earned $190.37 million during the quarter, compared to analysts' expectations of $175.67 million. Stoneridge had a return on equity of 14.41% and a net margin of 7.23%. View Stoneridge's earnings history.

How will Stoneridge's stock buyback program work?

Stoneridge announced that its Board of Directors has initiated a share buyback plan on Wednesday, February 26th 2020, which allows the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 8.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors 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?

4 equities research analysts have issued 1-year price targets for Stoneridge's stock. Their forecasts range from $28.00 to $35.00. On average, they anticipate Stoneridge's share price to reach $32.00 in the next year. This suggests a possible upside of 118.9% 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. " (3/4/2020)
  • 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?

Headlines about SRI stock have trended very negative recently, according to InfoTrie. The research firm identifies positive and negative media coverage by reviewing more than six thousand news and blog sources. 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 -3.3 on InfoTrie's scale. They also gave media stories about the auto parts company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutStoneridge.

Are investors shorting Stoneridge?

Stoneridge saw a increase in short interest in March. As of March 13th, there was short interest totaling 588,500 shares, an increase of 11.4% from the February 27th total of 528,400 shares. Based on an average daily trading volume, of 226,700 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.3% of the shares of the stock are short sold. View Stoneridge's Current Options Chain.

Who are some of Stoneridge's key 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), NVIDIA (NVDA), BlackRock (BLK), Micron Technology (MU), Vuzix (VUZI), STMicroelectronics (STM) 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."

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 $14.62.

How big of a company is Stoneridge?

Stoneridge has a market capitalization of $400.73 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. View additional information about Stoneridge.

What is Stoneridge's official website?

The official website for Stoneridge is http://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]


MarketBeat Community Rating for Stoneridge (NYSE SRI)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  394 (Vote Outperform)
Underperform Votes:  335 (Vote Underperform)
Total Votes:  729
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.
This page was last updated on 4/2/2020 by MarketBeat.com Staff

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