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NYSE:SRIStoneridge Stock Price, Forecast & News

$19.92
+0.15 (+0.76 %)
(As of 07/3/2020 04:00 PM ET)
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Today's Range
$19.75
Now: $19.92
$20.71
50-Day Range
$16.69
MA: $19.87
$23.22
52-Week Range
$13.87
Now: $19.92
$34.46
Volume142,877 shs
Average Volume288,476 shs
Market Capitalization$537.70 million
P/E Ratio10.32
Dividend YieldN/A
Beta1.59
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.75 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$834.29 million
Cash Flow$2.69 per share
Book Value$10.59 per share

Profitability

Net Income$60.29 million

Miscellaneous

Employees4,700
Market Cap$537.70 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 reached pandemic status according to the World Health Organization. Since then, SRI stock has increased by 8.4% and is now trading at $19.92. 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) released its quarterly earnings data on Wednesday, May, 6th. The auto parts company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.19 by $0.01. The auto parts company had revenue of $183 million for the quarter, compared to analyst estimates of $182.15 million. Stoneridge had a net margin of 6.77% and a return on equity of 12.02%. The business's quarterly revenue was down 16.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. View Stoneridge's earnings history.

How will Stoneridge's stock buyback program work?

Stoneridge declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 26th 2020, which allows the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 8.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

What price target have analysts set for SRI?

3 brokers have issued 12 month price objectives for Stoneridge's stock. Their forecasts range from $20.00 to $35.00. On average, they anticipate Stoneridge's stock price to reach $27.67 in the next twelve months. This suggests a possible upside of 38.9% 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. " (6/16/2020)
  • 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?

News coverage about SRI stock has been trending somewhat negative on Friday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Stoneridge earned a coverage optimism score of -1.3 on InfoTrie's scale. They also assigned media stories about the auto parts company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about Stoneridge.

Are investors shorting Stoneridge?

Stoneridge saw a drop in short interest in the month of June. As of June 15th, there was short interest totaling 442,600 shares, a drop of 14.3% from the May 31st total of 516,300 shares. Based on an average daily trading volume, of 339,900 shares, the short-interest ratio is presently 1.3 days. Approximately 1.7% 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), 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."

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 $19.92.

How big of a company is Stoneridge?

Stoneridge has a market capitalization of $537.70 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 7/3/2020 by MarketBeat.com Staff

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