Stoneridge (SRI) Scheduled to Post Quarterly Earnings on Wednesday

Stoneridge (NYSE:SRI - Get Free Report) will announce its earnings results after the market closes on Wednesday, October 30th. Stoneridge has set its FY 2024 guidance at 0.180-0.280 EPS and its FY24 guidance at $0.18-0.28 EPS.Persons interested in registering for the company's earnings conference call can do so using this link.

Stoneridge (NYSE:SRI - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.19. The business had revenue of $237.10 million during the quarter, compared to analyst estimates of $242.90 million. Stoneridge had a net margin of 0.19% and a return on equity of 3.03%. The business's revenue was down 11.1% on a year-over-year basis. During the same period last year, the business earned ($0.05) EPS. On average, analysts expect Stoneridge to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Stoneridge Stock Performance

NYSE:SRI opened at $9.36 on Wednesday. Stoneridge has a 1-year low of $9.32 and a 1-year high of $19.91. The stock has a market cap of $259.08 million, a P/E ratio of 133.71 and a beta of 1.31. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.27 and a quick ratio of 1.31. The firm has a 50-day moving average of $11.96 and a two-hundred day moving average of $14.46.

Wall Street Analyst Weigh In

Several research firms have issued reports on SRI. StockNews.com upgraded Stoneridge from a "hold" rating to a "buy" rating in a report on Wednesday, August 14th. Stephens started coverage on shares of Stoneridge in a research note on Monday, July 8th. They set an "overweight" rating on the stock.

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.