Stoneridge (SRI) Set to Announce Earnings on Wednesday

Stoneridge (NYSE:SRI - Get Free Report) is set to issue its quarterly earnings data 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.Investors that wish to register for the company's conference call can do so using this link.

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

Stoneridge Stock Down 0.9 %

NYSE:SRI traded down $0.08 during mid-day trading on Wednesday, hitting $9.27. 195,897 shares of the company's stock traded hands, compared to its average volume of 146,446. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.31 and a current ratio of 2.27. The company has a market capitalization of $256.51 million, a P/E ratio of -66.21 and a beta of 1.31. The company has a fifty day moving average of $11.88 and a 200 day moving average of $14.42. Stoneridge has a twelve month low of $9.08 and a twelve month high of $19.91.

Analyst Upgrades and Downgrades

SRI has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Stoneridge from a "hold" rating to a "buy" rating in a research note on Wednesday, August 14th. Stephens began coverage on shares of Stoneridge in a report 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.