Stoneridge, Inc. (SRI) EPS Estimated At $0.32

October 13, 2017 - By Linda Rogers

 Stoneridge, Inc. (SRI) EPS Estimated At $0.32
Investors sentiment decreased to 1.1 in 2017 Q2. Its down 0.38, from 1.48 in 2017Q1. It dived, 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.
Ativo Capital Mgmt Limited Liability Company holds 0.26% or 62,859 shares. Bancshares Of Ny Mellon stated it has 0% in Stoneridge, Inc. (NYSE:SRI). Qs Lc holds 150,541 shares. Jacobs Levy Equity Mngmt Incorporated holds 168,190 shares or 0.06% of its portfolio. Renaissance Techs Ltd Liability Co has 835,600 shares. California-based Nwq Investment Management Limited Liability Corporation has invested 0.43% in Stoneridge, Inc. (NYSE:SRI). Moreover, Great West Life Assurance Com Can has 0% invested in Stoneridge, Inc. (NYSE:SRI) for 2,900 shares. Vanguard Gp Inc holds 0% or 1.09M shares. 140,000 are owned by Huntington Fincl Bank. 2,300 are owned by New York State Teachers Retirement Sys. Metropolitan Life New York holds 19,909 shares or 0% of its portfolio. Bessemer Grp Inc accumulated 23,500 shares or 0% of the stock. 5,600 are owned by Pnc Fincl Services Gp. Aqr Cap Mngmt Ltd Liability has 559,068 shares for 0.01% of their portfolio. Barclays Public Ltd Company has invested 0% in Stoneridge, Inc. (NYSE:SRI).

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

Wall Street await Stoneridge, Inc. (NYSE:SRI) to release earnings on October, 26. Analysts forecast EPS of $0.32, down exactly $0.04 or 11.11 % from 2014’s $0.36 EPS. The expected SRI’s profit could reach $9.04M giving the stock 17.08 P/E in the case that $0.32 earnings per share is reported. After posting $0.42 EPS for the previous quarter, Stoneridge, Inc.’s analysts now forecast -23.81 % negative EPS growth. The stock increased 0.28% or $0.06 during the last trading session, reaching $21.86. About 142,671 shares traded. Stoneridge, Inc. (NYSE:SRI) has risen 8.60% since October 13, 2016 and is uptrending. It has underperformed by 8.10% the S&P500.

Stoneridge, Inc. (NYSE:SRI) Ratings Coverage

Among 2 analysts covering Stoneridge (NYSE:SRI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Stoneridge had 5 analyst reports since July 31, 2015 according to SRatingsIntel. The company was upgraded on Friday, July 31 by B. Riley & Co. The company was downgraded on Tuesday, May 31 by Sidoti. The firm has “Buy” rating given on Monday, September 28 by BB&T Capital.

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 $617.48 million. The Firm operates through three divisions: Control Devices, Electronics and PST. It has a 8.08 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.

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