Stoneridge (NYSE:SRI) Announces Earnings Results, Misses Estimates By $0.36 EPS

Stoneridge (NYSE:SRI) issued its quarterly earnings results on Wednesday. The auto parts company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.36), Zacks reports. Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%.

Stoneridge Trading Up 1.2 %

Shares of NYSE:SRI traded up $0.05 during midday trading on Wednesday, reaching $4.24. The company had a trading volume of 304,327 shares, compared to its average volume of 260,663. The company has a fifty day simple moving average of $5.29 and a two-hundred day simple moving average of $8.28. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 2.44. The firm has a market cap of $117.40 million, a price-to-earnings ratio of -15.70 and a beta of 1.34. Stoneridge has a 1-year low of $4.11 and a 1-year high of $18.85.

Analysts Set New Price Targets

A number of research firms recently commented on SRI. StockNews.com downgraded shares of Stoneridge from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Barrington Research reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Stoneridge in a report on Monday.

About Stoneridge

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.