Stoneridge (SRI) Earning Positive News Coverage, Analysis Finds

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Media stories about Stoneridge (NYSE:SRI) have been trending positive on Tuesday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Stoneridge earned a news impact score of 0.25 on Accern’s scale. Accern also assigned news stories about the auto parts company an impact score of 45.9440052497886 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several equities research analysts recently weighed in on the company. Barrington Research assumed coverage on Stoneridge in a report on Tuesday, April 3rd. They set an “outperform” rating and a $34.00 price target for the company. CL King assumed coverage on Stoneridge in a report on Monday, April 23rd. They set a “buy” rating and a $34.00 price target for the company. B. Riley increased their price target on Stoneridge from $21.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, March 6th. Buckingham Research assumed coverage on Stoneridge in a report on Wednesday, June 20th. They set a “buy” rating and a $37.00 price target for the company. Finally, ValuEngine downgraded Stoneridge from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $31.40.

Shares of Stoneridge traded up $0.29, reaching $37.06, during mid-day trading on Tuesday, MarketBeat Ratings reports. The stock had a trading volume of 3,239 shares, compared to its average volume of 321,493. Stoneridge has a 12-month low of $14.72 and a 12-month high of $37.20. The stock has a market cap of $1.06 billion, a P/E ratio of 23.85, a P/E/G ratio of 2.08 and a beta of 1.03. The company has a quick ratio of 1.65, a current ratio of 2.19 and a debt-to-equity ratio of 0.46.

Stoneridge (NYSE:SRI) last announced its quarterly earnings results on Wednesday, May 2nd. The auto parts company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $225.90 million during the quarter, compared to analysts’ expectations of $213.94 million. Stoneridge had a return on equity of 20.81% and a net margin of 5.89%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share. sell-side analysts anticipate that Stoneridge will post 2.1 earnings per share for the current year.

In other Stoneridge news, CAO Robert J. Jr. Hartman sold 6,393 shares of the firm’s stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $27.86, for a total value of $178,108.98. Following the sale, the chief accounting officer now directly owns 37,281 shares of the company’s stock, valued at approximately $1,038,648.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jonathan B. Degaynor sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $29.90, for a total value of $897,000.00. Following the completion of the sale, the insider now directly owns 79,122 shares in the company, valued at $2,365,747.80. The disclosure for this sale can be found here. 4.40% of the stock is owned by company insiders.

Stoneridge Company Profile

Stoneridge, Inc designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets. It operates through three segments: Control Devices, Electronics, and PST. The Control Devices segment provides sensors, switches, valves, and actuators that monitor, measure, or activate specific functions within a vehicle.

Insider Buying and Selling by Quarter for Stoneridge (NYSE:SRI)

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