SRI stock icon

Stoneridge
SRI

$12.72
2.23%

Market Cap: $352M

 

About: Stoneridge Inc is a manufacturer of electrical and electronic components used in automotive vehicles. The company produces instrumentation systems, vehicle management electronics, application-specific switches and actuators, sensors, security alarms, and vehicle tracking devices and monitoring services for commercial, automotive, off-highway, and agricultural vehicle markets. Stoneridge generates the majority of its revenue in its Electronics segment that produces driver information systems, camera-based vision systems, connectivity, and compliance products, and electronic control units. Geographically, the company's operations are focused on North America. It has Control Devices, Electronics, and Stoneridge Brazil segments.

Employees: 4,850

0
Funds holding %
of 6,686 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

7,420% more call options, than puts

Call options by funds: $3.84M | Put options by funds: $51K

71% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 28

26% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 19

5% more funds holding

Funds holding: 107 [Q1] → 112 (+5) [Q2]

1.53% less ownership

Funds ownership: 99.85% [Q1] → 98.32% (-1.53%) [Q2]

16% less capital invested

Capital invested by funds: $515M [Q1] → $434M (-$81M) [Q2]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]

Research analyst outlook

We haven’t received any recent analyst ratings for SRI.

Financial journalist opinion

Neutral
PRNewsWire
1 month ago
Stoneridge Reports Second Quarter 2024 Results
Q2 Operating Performance Significantly Outperforms Previously Provided Expectations Driven by Strong Margin Expansion 2024 Second Quarter Results Sales of $237.1 million Gross profit of $53.7 million (22.7% of sales) Operating income of $3.4 million Adjusted operating income of $5.4 million (2.3% of sales ) Adjusted EBITDA of $16.1 million (6.8% of sales) Earnings per share ("EPS") of $0.10 Adjusted EPS of $0.17  2024 Full-Year Guidance Update Reducing full-year 2024 revenue midpoint guidance by $45 million to reflect updated FX rates (~$12 million impact), updated OEM production volumes (~$18 million impact) and potential volatility in non-OEM and customer demand-based products (~$15 million impact) Revenue guidance of $940 million - $970 million (midpoint of $955 million) Increasing gross margin midpoint guidance by 50 basis points to reflect continued material cost improvement and operational excellence Gross margin guidance of 22.75% - 23.0% Reducing adjusted operating margin and EBITDA margin expectations to reflect lower contribution from reduced revenue expectations, offset by improved gross margin performance and continued operating cost control Adjusted operating margin guidance of ~2.75% Adjusted EBITDA guidance of $58 million - $64 million (adjusted EBITDA margin of 6.2% - 6.6% ) Adjusted EPS guidance of $0.18 - $0.28 (midpoint of $0.23) NOVI, Mich. , July 31, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced financial results for the second quarter ended June 30, 2024, with sales of $237.1 million and earnings per share of $0.10.
Stoneridge Reports Second Quarter 2024 Results