News stories about Stoneridge (NYSE:SRI) have trended somewhat positive on Saturday, according to AlphaOne Sentiment. The research group, a subsidiary of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Stoneridge earned a news sentiment score of 0.13 on AlphaOne’s scale. AlphaOne also assigned press coverage about the auto parts company an impact score of 44 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted AlphaOne Sentiment’s analysis:
Shares of Stoneridge (NYSE:SRI) traded down 0.98% during midday trading on Friday, reaching $18.27. The company’s stock had a trading volume of 318,923 shares. Stoneridge has a 52 week low of $13.42 and a 52 week high of $20.82. The firm’s 50 day moving average is $18.29 and its 200 day moving average is $17.36. The firm has a market capitalization of $509.18 million, a price-to-earnings ratio of 6.67 and a beta of 1.48.
Stoneridge (NYSE:SRI) last announced its earnings results on Thursday, March 2nd. The auto parts company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.04. Stoneridge had a return on equity of 29.86% and a net margin of 5.19%. The business had revenue of $172.60 million for the quarter, compared to analyst estimates of $170.07 million. During the same period in the previous year, the company earned $0.25 earnings per share. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. Equities analysts forecast that Stoneridge will post $1.56 EPS for the current fiscal year.
Several equities research analysts recently issued reports on SRI shares. B. Riley reiterated a “buy” rating and issued a $21.50 price objective on shares of Stoneridge in a report on Wednesday, March 1st. Zacks Investment Research upgraded Stoneridge from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Thursday, March 2nd.
In other news, VP Michael D. Sloan sold 39,457 shares of Stoneridge stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $18.73, for a total transaction of $739,029.61. Following the sale, the vice president now directly owns 40,805 shares of the company’s stock, valued at $764,277.65. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.70% of the stock is currently owned by insiders.
Stoneridge Company Profile
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 operates through three segments: Control Devices, Electronics and PST. The Company’s Control Devices segment designs and manufactures products that monitor, measure or activate specific functions within a vehicle and includes product lines, such as sensors, switches, valves, and actuators.