Stoneridge: Finally, In Shape To Run
Darspal S Mann
Darspal S Mann
Stoneridge Is An Undervalued Turnaround Story
John Leonard, CFA
John Leonard, CFA
Wed, May 4, 8:35 AM
Mon, Mar. 7, 2:07 PM
- Select auto parts stocks are higher after Westport Innovations (WPRT +14%) and Fuel Systems Solutions (FSYS +4.9%) update their merger agreement.
- M&A speculation has increased this year in the auto parts group.
- Sector movers include Fenix Parts (FENX +11.4%), Federal-Mogul (FDML +9.4%), Accuride (ACW +8.3%), Superior Industries International (SUP +7.5%), and Stoneridge (SRI +8.3%).
- Previously: Westport signs amendment to merger agreement with Fuel Systems (Mar. 07 2016)
Tue, Mar. 1, 8:33 AM
Wed, Jan. 20, 3:40 PM
- Auto suppliers Federal-Mogul Holdings (FDML +11.1%), Motorcar Parts of America (MPAA +6.2%), Gentherm (THRM +5%), Meritor (MTOR +4.3%), and Stonebridge (SRI +2.8%) are all showing outsized gains on the day, despite global stock market declines. The sector has been off to a volatile start this year.
- Tire stocks Goodyear Tire & Rubber (GT +2.2%) and Cooper Tire & Rubber (CTB +0.7%) are also in solid shape today.
- Though some forecasts call for automobile sales growth to slow in China and the U.S. this year, strong demand from Europe is making up for some of the slack.
- Previously: European automobile market stays on promising track (Jan. 18 2016)
Wed, Jan. 6, 11:56 AM
- Major automakers are stealing the show this week at CES in Las Vegas off of some dreamy futuristic innovations, but are slumping in New York trading on some grounded reality. Detroit automakers Fiat Chrysler (FCAU -6%), Ford (F -3.4%), and General Motors (GM -2.8%) are all notably lower.
- U.S. auto sales increased 9% Y/Y in December, but were boosted by some extra discounting. Still, the higher mix of SUVs and premium trucks could help to make up for the year-end inventory clearing, note some insiders. Even accounting for discounting, pricing trends improved in December compared to a year ago, reports Kelley Blue Book.
- Looking ahead, the strong appeal of crossovers with millennials is seen as underpinning demand into 2016.
- There's been skittish trading across automobile related sectors. Earlier today, AutoNation rattled the auto retailer group with a warning, while auto parts stocks are down sharply once again - led by Federal-Mogul (FDML -5.8%), Stoneridge (SRI -5%), and Lear (LEA -4%).
Tue, Jan. 5, 11:31 AM
- Many auto parts stocks are trailing off after key manufacturers (Ford, GM, Toyota, Fit Chrysler) miss forecasts with their December U.S. sales reports. The sector bounced last month when the rosy predictions first started piling in.
- Weakness in China this week may be impacting sentiment on certain auto parts names as well.
- Decliners include Modine Manufacturing (MOD -4.9%), Federal-Mogul (FDML -5.1%), Stoneridge (SRI -3.8%), American Axle & Manufacturing (AXL -3.1%), Delphi Automotive (DLPH -2.3%), Autoliv (ALV -2.3%), Meritor (MTOR -3.4%), Gentherm (THRM -2.3%), BorgWarner (BWA -1.8%), and Lear (LEA -2%).
Dec. 23, 2015, 1:35 PM
- Auto parts stocks are solid outperformers on the day. The rally could be a reaction to estimates from TrueCar and Kelley Blue Book that showed U.S. auto sales popped in December. Both research firms predict a 13% Y/Y increase in sales for the month.
- Notable advancers include Meritor (MTOR +4.5%), Dana Holding (DAN +3.9%), BorgWarner (BWA +3.2%), Stoneridge (SRI +2.7%), Tenneco (TEN +2.3%), Federal-Mogul (FDML +2.8%), Delphi Automotive (DLPH +1.9%), Allison Transmission (ALSN +2.1%), and Johnson Controls (JCI +2.1%).
Nov. 3, 2015, 8:37 AM
- Stoneridge (NYSE:SRI): Q3 EPS of $0.27 beats by $0.05.
- Revenue of $162.1M (-4.8% Y/Y) misses by $7.94M.
Sep. 28, 2015, 2:09 PM| Sep. 28, 2015, 2:09 PM
Sep. 28, 2015, 12:43 PM
Sep. 22, 2015, 10:16 AM
- The automobile parts sector is down again to follow a rout of European automaker stocks earlier in the day led by the dismantling of shares of scandal-ridden Volkswagen.
- Losing business from Volkswagen is one concern, but a broader issue could be tighter emissions testing and compliance protocols in the industry.
- Decliners include Tenneco (TEN -7.5%), Delphi Automotive (DLPH -4.3%), Allison Transmission Holdings (ALSN -4%), Federal-Mogul Holdings (FDML -4.4%), Lear (LEA -3.3%), Meritor (MTOR -3.8%), Dana Holding (DAN -3.7%), Autoliv (ALV -3.4%), Modine Manufacturing (MOD -2.8%), Standard Motor Products (SMP -2.3%), Stoneridge (SRI -3.6%), American Axle & Manufacturing (AXL -2.5%), and Johnson Controls (JCI -2.3%).
- Previously: Volkswagen -35% in two-day drubbing after cheating scandal (Sep. 22 2015)
Jul. 30, 2015, 8:58 AM
- Stoneridge (NYSE:SRI): Q2 EPS of $0.25 beats by $0.06.
- Revenue of $165.29M (+2.0% Y/Y) beats by $1.91M.
May 29, 2015, 10:39 AM
- Automobile industry supplier stocks are tilting lower after WABCO and Modine Manufacturing issued guidance below the expectations of analysts.
- F/X pressure and some uncertainty in the markets in Brazil and China are weighing on the sector.
- Decliners: WABCO (NYSE:WBC) -2.9%, Modine Manufacturing (NYSE:MOD) -2.5%, Meritor (NYSE:MTOR) -2.4%, Motorcar Parts of America (NASDAQ:MPAA) -2.3%, Westport Innovations (NASDAQ:WPRT) -2.0%, Federal-Mogul (NASDAQ:FDML) -1.8%, Stoneridge (NYSE:SRI) -1.3%, Lydall (NYSE:LDL) -1.3%, Cooper-Standard Holdings (NYSE:CPS) -1.2%.
May 7, 2015, 8:59 AM
- Stoneridge (NYSE:SRI): Q1 EPS of $0.17 beats by $0.05.
- Revenue of $162.83M (+0.9% Y/Y) misses by $2.23M.
Mar. 16, 2015, 6:40 PM
- Jon DeGaynor, currently the VP of Strategic Planning and Inoovation for private Guardian Industrial Corp., has been named Stoneridge's (NYSE:SRI) new CEO, effective March 30.
- DeGaynor will take over from John Corey, who has been Stoneridge's CEO since 2006.
Feb. 27, 2015, 8:55 AM
- Stoneridge (NYSE:SRI): Q4 EPS of $0.25 beats by $0.04.
- Revenue of $166.81M (-1.4% Y/Y) misses by $4.65M.
Stoneridge, Inc. engages in the design and manufacture of engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets. It operates through the following segments: Control Devices, Electronics, and... More
Sector: Consumer Goods
Industry: Auto Parts
Country: United States
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