Media coverage about Stoneridge (NYSE:SRI) has been trending positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Stoneridge earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave news stories about the auto parts company an impact score of 12 out of 100, meaning that recent media coverage is very unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s analysis:
- KeyCorp Analysts Boost Earnings Estimates for Stoneridge, Inc. (NYSE:SRI) (americanbankingnews.com)
- Stoneridge, Inc.: Strong price momentum but will it sustain? (finance.yahoo.com)
- Stoneridge, Inc. – Value Analysis (NYSE:SRI) : August 5, 2017 (finance.yahoo.com)
- Stoneridge, Inc. (SRI) Releases Earnings Results, Beats Expectations By $0.10 EPS (americanbankingnews.com)
- Stoneridge, Inc. (SRI) Rating Lowered to Strong Sell at BidaskClub (americanbankingnews.com)
SRI has been the topic of a number of research analyst reports. ValuEngine cut Stoneridge from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded Stoneridge from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Wednesday, August 2nd. B. Riley reaffirmed a “buy” rating and set a $22.00 target price on shares of Stoneridge in a research report on Monday, May 8th. Finally, BidaskClub lowered Stoneridge from a “sell” rating to a “strong sell” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $18.67.
Stoneridge (NYSE:SRI) traded down 0.82% during trading on Tuesday, hitting $16.84. The stock had a trading volume of 96,152 shares. The stock has a 50-day moving average price of $15.35 and a 200-day moving average price of $16.87. The company has a market cap of $474.37 million, a PE ratio of 6.23 and a beta of 1.33. Stoneridge has a 52 week low of $13.42 and a 52 week high of $20.82.
Stoneridge (NYSE:SRI) last posted its quarterly earnings results on Wednesday, August 2nd. The auto parts company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.10. Stoneridge had a net margin of 10.12% and a return on equity of 22.52%. The firm had revenue of $209.10 million during the quarter, compared to analyst estimates of $202.45 million. During the same quarter in the prior year, the business posted $0.41 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts predict that Stoneridge will post $1.46 EPS for the current year.
In other news, insider Peter Kruk sold 22,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $16.63, for a total transaction of $365,860.00. Following the completion of the sale, the insider now owns 20,047 shares of the company’s stock, valued at $333,381.61. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 5.30% of the company’s stock.
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Stoneridge Company Profile
Stoneridge, Inc is a designer and manufacturer of engineered electrical and electronic components, modules and systems for the automotive, commercial, motorcycle, off-highway and agricultural vehicle markets. The Company operates through three segments: Control Devices, Electronics and PST. The Company’s Control Devices segment designs and manufactures products that monitor, measure or activate specific functions within a vehicle and includes product lines, such as sensors, switches, valves, and actuators.
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