$0.32 EPS Expected for Stoneridge, Inc. (SRI)

October 26, 2017 - By Dolores Ford


Investors sentiment decreased to 1.1 in Q2 2017. Its down 0.38, from 1.48 in 2017Q1. It turned negative, as 19 investors sold Stoneridge, Inc. shares while 42 reduced holdings. 21 funds opened positions while 46 raised stakes. 24.55 million shares or 0.60% less from 24.70 million shares in 2017Q1 were reported.
First Trust Advsr Lp holds 0% or 21,090 shares in its portfolio. Cornerstone Cap Management Hldg Limited Liability Corporation has invested 0.01% of its portfolio in Stoneridge, Inc. (NYSE:SRI). Lsv Asset Mngmt has invested 0.02% in Stoneridge, Inc. (NYSE:SRI). Globeflex Capital L P stated it has 90,007 shares. The New York-based Tower Research Cap Lc (Trc) has invested 0.01% in Stoneridge, Inc. (NYSE:SRI). Prelude Mngmt holds 1,679 shares. Tfs Capital holds 0.09% or 15,061 shares. Indexiq Limited Liability holds 26,095 shares or 0.02% of its portfolio. Legal And General Plc, United Kingdom-based fund reported 7,077 shares. Citigroup has 0% invested in Stoneridge, Inc. (NYSE:SRI) for 39,006 shares. Northern Tru has 319,586 shares. Citadel Ltd Co holds 44,347 shares or 0% of its portfolio. Bancorp Of Montreal Can owns 89 shares. Rhumbline Advisers has 38,406 shares. James Investment Research Inc owns 87,210 shares for 0.04% of their portfolio.

Since May 17, 2017, it had 0 buys, and 1 insider sale for $365,886 activity.

Investors wait Stoneridge, Inc. (NYSE:SRI) to report on October, 26. its quarterly earnings Wall Street analysts expect $0.32 earnings per share, down $0.04 or 11.11 % from last year’s $0.36 same quarter earnings. This translates into $9.01M profit for SRI giving the stock a 17.59 P/E. This is assuming the current $0.32 EPS is accurate. Stoneridge, Inc.’s Wall Street analysts see -23.81 % negative EPS growth, taking into account the $0.42 EPS reproted in the previous quarter, The stock increased 0.63% or $0.14 during the last trading session, reaching $22.51. About 185,736 shares traded or 8.36% up from the average. Stoneridge, Inc. (NYSE:SRI) has risen 8.60% since October 26, 2016 and is uptrending. It has underperformed by 8.10% the S&P500.

Stoneridge, Inc. (NYSE:SRI) Ratings Coverage

Among 3 analysts covering Stoneridge (NYSE:SRI), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Stoneridge had 6 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Buy” rating by BB&T Capital on Monday, September 28. B. Riley & Co upgraded Stoneridge, Inc. (NYSE:SRI) rating on Friday, July 31. B. Riley & Co has “Buy” rating and $15.50 target. The company was maintained on Thursday, October 12 by KeyBanc Capital Markets. The stock of Stoneridge, Inc. (NYSE:SRI) has “Neutral” rating given on Tuesday, May 31 by Sidoti.

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 has market cap of $634.09 million. The Firm operates through three divisions: Control Devices, Electronics and PST. It has a 8.32 P/E ratio. The Company’s Control Devices segment creates and makes products that monitor, measure or activate specific functions within a vehicle and includes product lines, such as sensors, switches, valves, and actuators.

More important recent Stoneridge, Inc. (NYSE:SRI) news were published by: Prnewswire.com which released: “Stoneridge, Inc. Appoints Robert Willig to President of the Control Devices …” on October 18, 2017, also Prnewswire.com published article titled: “Stoneridge, Inc. to Present at the Stephens Fall Investment Conference”, Prnewswire.com published: “Stoneridge, Inc. to Present at the 41st Annual Gabelli Automotive Aftermarket …” on October 25, 2017. More interesting news about Stoneridge, Inc. (NYSE:SRI) was released by: Prnewswire.com and their article: “Stoneridge, Inc. To Broadcast Its Third-Quarter 2017 Conference Call On The Web” with publication date: October 19, 2017.

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