Stoneridge (SRI) issued an update on its FY13 earnings guidance on Friday morning. The company provided EPS guidance of $0.75-0.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.74.
Stoneridge (SRI) opened at 6.45 on Friday. Stoneridge (SRI) has a 52-week low of $4.45 and a 52-week high of $10.89. The stock’s 50-day moving average is currently $6.21. The company has a market cap of $180.1 million and a price-to-earnings ratio of 4.15.
Stoneridge last issued its quarterly earnings data on Friday, March 1st. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.14 by $0.04. The company had revenue of $222.70 million for the quarter, compared to the consensus estimate of $224.76 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. Stoneridge has set its FY13 guidance at $0.75-0.95 EPS. Analysts expect that Stoneridge (SRI) will post $0.25 EPS for the current fiscal year.
On a related note, analysts at Zacks downgraded shares of Stoneridge from a neutral rating to an underperform rating in a research note to investors on Wednesday, January 9th. They now have a $5.30 price target on the stock.
Three analysts have rated the stock with a buy rating, and three have given a hold rating to the stock. The company currently has an average rating of overweight and an average target price of $7.50.
Stoneridge, Inc. is an independent designer and manufacturer of highly engineered electrical and electronic components, modules and systems for the medium- and heavy-duty truck, automotive, agricultural and off-highway vehicle markets.
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