Stoneridge (SRI) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Stoneridge in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SRI shares.
View SRI analyst ratings or view top-rated stocks.

1 brokers have issued 1-year price targets for Stoneridge's stock. Their SRI share price forecasts range from $27.00 to $27.00. On average, they predict the company's stock price to reach $27.00 in the next year. This suggests a possible upside of 54.3% from the stock's current price.
View analysts price targets for SRI or view top-rated stocks among Wall Street analysts.

Stoneridge's stock was trading at $21.56 on January 1st, 2023. Since then, SRI stock has decreased by 18.8% and is now trading at $17.50.
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Stoneridge saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 523,700 shares, an increase of 31.5% from the April 30th total of 398,100 shares. Based on an average daily volume of 164,700 shares, the short-interest ratio is currently 3.2 days. Currently, 2.0% of the shares of the stock are sold short.
View Stoneridge's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our SRI earnings forecast.

Stoneridge, Inc. (NYSE:SRI) announced its quarterly earnings data on Wednesday, May, 3rd. The auto parts company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.30) by $0.05. The auto parts company earned $241.30 million during the quarter, compared to analyst estimates of $224.79 million. Stoneridge had a negative trailing twelve-month return on equity of 3.91% and a negative net margin of 1.49%. Stoneridge's revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.27) EPS.

ETFs with the largest weight of Stoneridge (NYSE:SRI) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), iShares Self-Driving EV and Tech ETF (IDRV),

Stoneridge updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of -$0.10-$0.10 for the period, compared to the consensus earnings per share estimate of -$0.35. The company issued revenue guidance of $960.00 million-$990.00 million, compared to the consensus revenue estimate of $955.10 million.

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.

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).

Stoneridge trades on the New York Stock Exchange (NYSE) under the ticker symbol "SRI."

Stoneridge's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Thrivent Financial for Lutherans (7.45%), BlackRock Inc. (7.44%), Frontier Capital Management Co. LLC (6.13%), Cooke & Bieler LP (5.81%), Dimensional Fund Advisors LP (5.30%) and Pembroke Management LTD (3.98%). Insiders that own company stock include Jonathan B Degaynor, Laurent Borne and Robert J Jr Hartman.
View institutional ownership trends.

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.
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One share of SRI stock can currently be purchased for approximately $17.50.

Stoneridge (NYSE:SRI) has a market capitalization of $481.43 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 ($0.50) on an earnings per share basis.

The company employs 5,250 workers across the globe.

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.