Stoneridge (NYSE:SRI - Get Free Report) issued its quarterly earnings results on Wednesday. The auto parts company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.36), Zacks reports. The business had revenue of $218.20 million for the quarter, compared to analyst estimates of $207.61 million. Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. Stoneridge updated its FY 2025 guidance to EPS and its FY 2026 guidance to EPS.
Stoneridge Stock Up 11.4 %
SRI traded up $0.58 during midday trading on Friday, hitting $5.65. The company had a trading volume of 1,405,965 shares, compared to its average volume of 346,456. Stoneridge has a 52 week low of $4.11 and a 52 week high of $18.57. The company has a quick ratio of 1.40, a current ratio of 2.44 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $156.33 million, a price-to-earnings ratio of -20.91 and a beta of 1.34. The stock's 50 day moving average price is $5.25 and its 200 day moving average price is $8.10.
Analyst Ratings Changes
SRI has been the topic of a number of recent research reports. Barrington Research reiterated an "outperform" rating and set a $16.00 price target on shares of Stoneridge in a report on Monday, February 24th. StockNews.com raised shares of Stoneridge from a "hold" rating to a "buy" rating in a research note on Friday.
View Our Latest Research Report on Stoneridge
About Stoneridge
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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.
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