StoneridgeSRI
SRI
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 6,831 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
113% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 15
14% more funds holding
Funds holding: 113 [Q2] → 129 (+16) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
7% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 41
3.11% less ownership
Funds ownership: 99.43% [Q2] → 96.32% (-3.11%) [Q3]
32% less capital invested
Capital invested by funds: $439M [Q2] → $300M (-$139M) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$16
190%
upside
Avg. target
$16
190%
upside
High target
$16
190%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Barrington Research Gary Prestopino 65% 1-year accuracy 86 / 133 met price target | 190%upside $16 | Outperform Maintained | 31 Oct 2024 |
Financial journalist opinion
Neutral
PRNewsWire
2 months ago
Stoneridge to Present at the 2024 Stephens Annual Investment Conference
NOVI, Mich. , Nov. 12, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced that Jim Zizelman, president and chief executive officer, and Matt Horvath, chief financial officer, will participate in the Stephens Annual Investment Conference.
Neutral
Seeking Alpha
2 months ago
Stoneridge, Inc. (SRI) Q3 2024 Earnings Call Transcript
Stoneridge, Inc. (NYSE:SRI ) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Kelly Harvey - Director, Investor Relations James Zizelman - President and CEO Matthew Horvath - Chief Financial Officer Conference Call Participants Daniel Imbro - Stephens Gary Prestopino - Barrington Research Operator Good day and welcome to the Stoneridge, Inc., Third Quarter 2024 Results Conference Call. At this time, all participants are in a listen-only mode.
Neutral
PRNewsWire
2 months ago
Stoneridge Reports Third Quarter 2024 Results
MirrorEye Becomes Standard Equipment on Several European Truck Platforms MirrorEye OEM Programs to Launch with Daimler Truck North America and a European Brand Year-to-Date Cash Performance Improved $31.3 million vs. Same Period in 2023 2024 Third Quarter Results Sales of $213.8 million Gross profit of $44.5 million Adjusted gross profit of $44.6 million (20.9% of sales) Operating income of $0.3 million Adjusted operating income of $0.7 million (0.3% of sales) Adjusted EBITDA of $9.2 million (4.3% of sales) Adjusted EBITDA was unfavorably impacted by $2.6 million related to operating FX and non-operating expenses vs.
Neutral
PRNewsWire
2 months ago
Stoneridge Announces Next MirrorEye® Program on New Freightliner Fifth Generation Cascadia
NOVI, Mich. , Oct. 28, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced the availability of its next MirrorEye® Camera Monitor System program on Daimler Truck North America's (DTNA) new fifth generation Freightliner Cascadia, which begins series production in mid-2025.
Neutral
PRNewsWire
3 months ago
DB Schenker Pilots Stoneridge's MirrorEye® Camera Monitor System on North American Fleet
NOVI, Mich. , Oct. 22, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced that DB Schenker, a global leader in supply chain management and logistics, is piloting its MirrorEye ® Camera Monitor System (CMS) on its North American fleet.
Neutral
PRNewsWire
3 months ago
Stoneridge, Inc. To Broadcast Its Third Quarter 2024 Conference Call On The Web
NOVI, Mich. , Oct. 17, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) will webcast its third quarter 2024 earnings conference call live on Thursday, October 31, 2024, at 9:00 a.m.
Neutral
PRNewsWire
4 months ago
Stoneridge to Present at CL King's 22nd Annual Best Ideas Conference
NOVI, Mich. , Sept. 4, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced that Jim Zizelman, president and chief executive officer, and Matt Horvath, chief financial officer, will participate in the CL King's 22nd Annual Best Ideas Conference with a fireside chat at 2:45 p.m.
Neutral
Seeking Alpha
5 months ago
Stoneridge, Inc. (SRI) Q2 2024 Earnings Call Transcript
Stoneridge, Inc. (NYSE:SRI ) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Kelly Harvey - Director, Investor Relations Jim Zizelman - President and CEO Matt Horvath - Chief Financial Officer Troy Cooprider - Chief Technology Officer Conference Call Participants Collin Nieman - Stephens Gary Prestopino - Barrington Research Operator Welcome to the Stoneridge, Inc., Second Quarter 2024 Results Conference Call. At this time, all participants are in a listen-only mode.
Neutral
PRNewsWire
5 months 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.
Neutral
PRNewsWire
5 months ago
Stoneridge to Present at 2024 J.P. Morgan Auto Conference
NOVI, Mich. , July 30, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced that Jim Zizelman, president and chief executive officer, and Matt Horvath, chief financial officer, will participate in the J.P.
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