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NYSE:SRIStoneridge Stock Price, Forecast & News

$21.54
+0.46 (+2.18 %)
(As of 08/5/2020 04:00 PM ET)
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Today's Range
$21.07
Now: $21.54
$21.79
50-Day Range
$18.83
MA: $20.13
$22.26
52-Week Range
$13.87
Now: $21.54
$33.94
Volume153,471 shs
Average Volume267,849 shs
Market Capitalization$581.64 million
P/E RatioN/A
Dividend YieldN/A
Beta1.55
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: 2.2Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.30 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$2.76 per share
Book Value$9.23 per share

Profitability

Net Income$60.29 million

Miscellaneous

Employees4,700
Market Cap$581.64 million
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$21.54
+0.46 (+2.18 %)
(As of 08/5/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SRI stock has increased by 17.3% and is now trading at $21.54.
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, November 4th 2020.
View our earnings forecast for Stoneridge
.

How were Stoneridge's earnings last quarter?

Stoneridge, Inc. (NYSE:SRI) posted its quarterly earnings data on Wednesday, July, 29th. The auto parts company reported ($0.55) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.66) by $0.11. The auto parts company earned $99.55 million during the quarter, compared to analyst estimates of $96.87 million. Stoneridge had a negative net margin of 1.09% and a positive return on equity of 3.17%. The firm's revenue was down 55.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 EPS.
View Stoneridge's earnings history
.

How will Stoneridge's stock buyback program work?

Stoneridge announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 26th 2020, which permits the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 8.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

What price target have analysts set for SRI?

3 brokerages have issued 12-month target prices for Stoneridge's shares. Their forecasts range from $20.00 to $28.00. On average, they anticipate Stoneridge's share price to reach $24.00 in the next twelve months. This suggests a possible upside of 11.4% from the stock's current price.
View analysts' price targets for Stoneridge
.

Has Stoneridge been receiving favorable news coverage?

News coverage about SRI stock has been trending negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Stoneridge earned a news sentiment score of -2.0 on InfoTrie's scale. They also gave news headlines about the auto parts company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future.
View the latest news about Stoneridge
.

Are investors shorting Stoneridge?

Stoneridge saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 404,300 shares, a decrease of 8.7% from the June 15th total of 442,600 shares. Based on an average trading volume of 307,300 shares, the short-interest ratio is currently 1.3 days. Approximately 1.6% of the company's shares 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."

Who are Stoneridge's major shareholders?

Stoneridge's stock is owned by a variety of retail and institutional investors. Top institutional investors include Frontier Capital Management Co. LLC (8.05%), Pembroke Management LTD (3.61%), Peregrine Capital Management LLC (1.00%), Scout Investments Inc. (0.70%), Assenagon Asset Management S.A. (0.56%) and WINTON GROUP Ltd (0.28%). 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 SG Americas Securities LLC, Strs Ohio, Hancock Whitney Corp, and Scout Investments Inc..
View insider buying and selling activity for Stoneridge
.

Which institutional investors are buying Stoneridge stock?

SRI stock was purchased by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Assenagon Asset Management S.A., Roubaix Capital LLC, Pembroke Management LTD, WINTON GROUP Ltd, Janney Montgomery Scott LLC, Swiss National Bank, and Peregrine Capital Management LLC.
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 $21.54.

How big of a company is Stoneridge?

Stoneridge has a market capitalization of $581.64 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 8/6/2020 by MarketBeat.com Staff

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