Stoneridge (SRI) Receives Coverage Optimism Score of 0.13

Media stories about Stoneridge (NYSE:SRI) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Stoneridge earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the auto parts company an impact score of 46.634317010723 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

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OmniTek Engineering (OMTK) and Stoneridge (SRI) Head-To-Head Analysis (americanbankingnews.com) Stoneridge (SRI) Presents At 19th Annual B. Riley FBR Investor Conference – Slideshow (seekingalpha.com) Comparing Commercial Vehicle Group (CVGI) and Stoneridge (SRI) (americanbankingnews.com) Stoneridge to Move to New Facility in China With Room to Grow (ttnews.com) Reviewing Valeo (VLEEY) & Stoneridge (SRI) (americanbankingnews.com)

SRI has been the topic of a number of recent research reports. Barrington Research initiated coverage on Stoneridge in a research report on Tuesday, April 3rd. They set an “outperform” rating and a $34.00 price target on the stock. B. Riley increased their price target on Stoneridge from $21.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 6th. CL King initiated coverage on Stoneridge in a research report on Monday, April 23rd. They set a “buy” rating and a $34.00 price target on the stock. Zacks Investment Research raised Stoneridge from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a research report on Friday, February 9th. Finally, Stephens raised Stoneridge from an “equal” rating to a “weight” rating in a research report on Tuesday, March 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $30.00.

Shares of Stoneridge opened at $31.17 on Friday, according to Marketbeat. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.19 and a quick ratio of 1.65. The firm has a market cap of $887.60 million, a P/E ratio of 19.85, a P/E/G ratio of 1.74 and a beta of 1.10. Stoneridge has a 1-year low of $14.16 and a 1-year high of $32.18.

Stoneridge (NYSE:SRI) last issued its quarterly earnings data on Wednesday, May 2nd. The auto parts company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $225.90 million during the quarter, compared to analysts’ expectations of $213.94 million. Stoneridge had a return on equity of 20.81% and a net margin of 5.89%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 EPS. equities analysts forecast that Stoneridge will post 2.11 EPS for the current fiscal year.

In related news, insider Jonathan B. Degaynor sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $29.90, for a total transaction of $897,000.00. Following the completion of the sale, the insider now directly owns 79,122 shares in the company, valued at approximately $2,365,747.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Robert J. Jr. Hartman sold 6,393 shares of the company’s stock in a transaction on Tuesday, May 8th. The stock was sold at an average price of $27.86, for a total value of $178,108.98. Following the sale, the chief accounting officer now owns 37,281 shares of the company’s stock, valued at $1,038,648.66. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company’s stock.

About Stoneridge

Stoneridge, Inc designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets. It operates through three segments: Control Devices, Electronics, and PST. The Control Devices segment provides sensors, switches, valves, and actuators that monitor, measure, or activate specific functions within a vehicle.

Insider Buying and Selling by Quarter for Stoneridge (NYSE:SRI)

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