Stoneridge (SRI) Set to Announce Quarterly Earnings on Wednesday

Stoneridge (NYSE:SRI) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Stoneridge has set its FY 2024 guidance at 0.300-0.400 EPS and its FY24 guidance at $0.30-0.40 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Stoneridge (NYSE:SRI) last announced its quarterly earnings data on Wednesday, February 28th. The auto parts company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $229.50 million during the quarter, compared to analyst estimates of $234.20 million. Stoneridge had a negative net margin of 0.53% and a negative return on equity of 0.72%. Stoneridge’s revenue was down .7% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS. On average, analysts expect Stoneridge to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Stoneridge Price Performance

Shares of Stoneridge stock opened at $15.36 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 2.41 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average price of $17.21 and a 200 day moving average price of $17.43. Stoneridge has a 52 week low of $14.18 and a 52 week high of $24.51.

Insiders Place Their Bets

In other Stoneridge news, Director Kim Korth sold 7,745 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $16.49, for a total transaction of $127,715.05. Following the completion of the transaction, the director now directly owns 73,227 shares of the company’s stock, valued at approximately $1,207,513.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Stoneridge from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Stoneridge Company Profile

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.