Barrington analyst Gary Prestopino maintained a Hold rating on Stoneridge (SRI) today. The company’s shares closed last Friday at $29.98, close to its 52-week high of $32.55.
According to TipRanks.com, Prestopino is a 5-star analyst with an average return of 44.7% and a 59.5% success rate. Prestopino covers the Services sector, focusing on stocks such as Points International, Kar Auction Services, and Liquidity Services.
Stoneridge has an analyst consensus of Hold.
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Based on Stoneridge’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $176 million and net profit of $6.71 million. In comparison, last year the company earned revenue of $203 million and had a net profit of $6.66 million.
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Stoneridge, Inc. engages in the production of engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets. It operates through the following segments: Control Devices, Electronics, and Stoneridge Brazil. The Control Devices segment designs and manufactures products that monitor, measure, and activate specific functions within a vehicle such as sensors, switches, valves, and actuators. The Electronics segment offers driver information systems, camera-based vision systems, connectivity and compliance products, and electronic control units. The Stoneridge Brazil segment sells vehicle tracking devices and monitoring services, vehicle security alarms and convenience accessories, in-vehicle audio and infotainment devices, and telematics solutions. The company was founded by D. M. Draime in 1965 and is headquartered in Novi, MI.
