Stoneridge (SRI) Releases Earnings Results, Beats Expectations By $0.08 EPS

Stoneridge (SRI) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.23. The company posted revenue of $162.60 million in the period, compared to analysts expectations of $172.45 million. The company’s revenue was down -.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Stoneridge (SRI) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $14.35 and reached the intraday high at $14.35. The bulls started the profit booking and pushed the shares to intraday low of $14.03. The trading session was marked by a volume range of 69,238 shares exchanging hands. The 52-week high of the shares is $15.74 and the 52-week low is $10.18. The market cap of the company stands at $396 M and there are 2,77,86,978 shares in public circulation.

In a different news, on Mar 14, 2016, Peter Kruk (President of Electronics) sold 4,905 shares at $13.17 per share price. According to the SEC, on Nov 12, 2015, George S Jr Mayes (director) purchased 500 shares at $13.55 per share price. On Oct 1, 2015, Ira C. Kaplan (director) sold 4,100 shares at $12.41 per share price, according to the Form-4 filing with the securities and exchange commission.

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 in 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. The Company’s Electronics segment designs and manufactures electronic instrument clusters electronic control units and driver information systems. The Company’s PST segment is engaged in the design manufacture and sale of electronic vehicle security alarms convenience accessories vehicle tracking devices and monitoring services and in-vehicle audio and video devices. The Company’s operations including its joint ventures cover more than 25 locations in 12 countries.


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