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Hot Stocks
Stoneridge CFO says 'evaluating all options to manage costs' » 08:36
03/30/20
03/30
08:36
03/30/20
08:36
SRI

Stoneridge

$16.27 /

-1.64 (-9.16%)

Bob Krakowiak, executive…

Bob Krakowiak, executive vice president and CFO, commented, "As a leadership team, we are evaluating all options to manage costs, capital spending and working capital. Our balance sheet remains strong and we have capital available to weather a prolonged disruption. Recently, we utilized our existing $400 million credit facility to draw an additional $25 million of cash to ensure adequate available capital across our global locations. We will continue to utilize our available capital as necessary to support operations and to address the rapidly evolving situation."

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Earnings
Stoneridge withdraws FY20 guidance due to COVID-19 impact » 08:35
03/30/20
03/30
08:35
03/30/20
08:35
SRI

Stoneridge

$16.27 /

-1.64 (-9.16%)

Stoneridge provided a…

Stoneridge provided a business update related to the impact of the COVID-19 pandemic. As a result of the unpredictable duration and uncertain impact that the COVID-19 pandemic will have across the global transportation industry, and in light of recent changes in customer demand, uncertainty of demand for the remainder of 2020 and a weaker outlook for the near term global economy, the company is withdrawing its previously provided 2020 financial guidance. The company will provide an update during its first quarter earnings conference call. Jon DeGaynor, president and CEO, commented, "Our leadership team is focused on the safety and security of our employees and we remain committed to doing everything we can to lessen the impact that the COVID-19 pandemic is having on our employees, both in the workplace and at home. As the situation evolves, we are following both national and local guidelines. Where possible, we have instituted a work-from-home policy to ensure we do our part to slow the spread of the virus. Where work-from-home arrangements are not possible, we are strictly adhering to the CDC and other applicable guidelines. Since our global customers are in the critical transportation and infrastructure businesses, we will make every effort to support their continuing requirements. At this time, our production facilities are operating on modified schedules because of reduced customer demand. Our facility in Suzhou, China has resumed operations and is ramping back up to capacity. We are in communication with our customers and suppliers around the world and are actively adjusting our operating model and cost structure to address the needs of our customers and any limitations due to the pandemic."

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Over a month ago
Downgrade
Stoneridge downgraded to Market Perform on recovery delay at Barrington » 11:30
02/27/20
02/27
11:30
02/27/20
11:30
SRI

Stoneridge

$22.95 /

-3.615 (-13.61%)

Barrington analyst Gary…

Barrington analyst Gary Prestopino downgraded Stoneridge to Market Perform from Outperform without a price target. The company reported "disappointing" Q4 results and guidance, Prestopino tells investors in a post-earnings research note. A recovery in sales and earnings for Stoneridge has now been pushed out to 2021, adds the analyst. As such, Prestopino downgraded the shares.

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Downgrade
Stoneridge downgraded to Market Perform from Outperform at Barrington » 11:23
02/27/20
02/27
11:23
02/27/20
11:23
SRI

Stoneridge

$22.94 /

-3.62 (-13.63%)

Barrington analyst Gary…

Barrington analyst Gary Prestopino downgraded Stoneridge to Market Perform from Outperform.

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Hot Stocks
Stoneridge announces $50M share repurchase program » 17:50
02/26/20
02/26
17:50
02/26/20
17:50
SRI

Stoneridge

$26.56 /

-1.505 (-5.36%)

CFO Krakowiak commented,…

CFO Krakowiak commented, "Our expectations are for continued strong growth, due in part to increasingly optimistic views related to the penetration rate of OEM MirrorEye programs, as well as significant opportunities for margin expansion. Because of these strong expectations, the Company's Board of Directors has authorized a share repurchase program for up-to $50 million over the next 18 months. This is in addition to the $50 million share repurchase authorization we announced late in 2018. We believe that executing share repurchases is a prudent way to drive value for our shareholders. In addition to the share repurchase program we will continue to evaluate opportunities to put our capital to use through organic or inorganic investments."

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Hot Stocks
Stoneridge sees FY20 adjusted gross margin 28%-29% » 17:49
02/26/20
02/26
17:49
02/26/20
17:49
SRI

Stoneridge

$26.56 /

-1.505 (-5.36%)

Sees FY20: Adjusted…

Sees FY20: Adjusted operating margin of 5.0% - 6.0%; Adjusted EBITDA margin of 9.0% - 10.0%; Effective tax rate of 20.0% - 25.0%.

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Earnings
Stoneridge sees FY20 adjusted EPS 95c-$1.15, consensus $1.70 » 17:48
02/26/20
02/26
17:48
02/26/20
17:48
SRI

Stoneridge

$26.56 /

-1.505 (-5.36%)

Sees FY20 revenue…

Sees FY20 revenue $750M-$770M, consensus $823.91M.

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Over a quarter ago
Conference/Events
Gabelli to hold a symposium » 05:55
11/05/19
11/05
05:55
11/05/19
05:55
AN

AutoNation

$52.58 /

+0.86 (+1.66%)

, RUSHA

Rush Enterprises

$45.36 /

+1.42 (+3.23%)

, SAH

Sonic Automotive

$32.93 /

+0.085 (+0.26%)

, SMP

Standard Motor

$54.20 /

+0.9 (+1.69%)

, SRI

Stoneridge

$30.30 /

+0.4 (+1.34%)

, SUP

Superior Industries

$3.11 /

+0.44 (+16.48%)

, TEN

Tenneco

$15.57 /

+1.71 (+12.34%)

, LEA

Lear

$125.58 /

+5.32 (+4.42%)

, MNRO

Monro

$71.04 /

+0.41 (+0.58%)

, GPC

Genuine Parts

$106.32 /

+1.64 (+1.57%)

, GNTX

Gentex

$28.93 /

+0.4 (+1.40%)

, DCI

Donaldson

$55.80 /

+2.04 (+3.79%)

, DAN

Dana

$17.85 /

+0.655 (+3.81%)

, AZO

AutoZone

$1,148.00 /

-7 (-0.61%)

, CTB

Cooper Tire

$29.14 /

+0.79 (+2.79%)

43rd Annual Automotive…

43rd Annual Automotive Symposium will be held in Las Vegas on November 4-5.

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Conference/Events
Gabelli to hold a symposium » 04:55
11/04/19
11/04
04:55
11/04/19
04:55
AN

AutoNation

$51.72 /

+0.88 (+1.73%)

, RUSHA

Rush Enterprises

$43.94 /

+0.26 (+0.60%)

, SAH

Sonic Automotive

$32.85 /

+0.645 (+2.00%)

, SMP

Standard Motor

$53.30 /

+1 (+1.91%)

, SRI

Stoneridge

$29.90 /

-0.95 (-3.08%)

, SUP

Superior Industries

$2.67 /

+0.06 (+2.30%)

, TEN

Tenneco

$13.86 /

+1.27 (+10.09%)

, LEA

Lear

$120.26 /

+2.76 (+2.35%)

, MNRO

Monro

$70.63 /

+0.55 (+0.78%)

, GPC

Genuine Parts

$104.68 /

+2.09 (+2.04%)

, GNTX

Gentex

$28.53 /

+0.47 (+1.68%)

, DCI

Donaldson

$53.76 /

+1.05 (+1.99%)

, DAN

Dana

$17.20 /

+0.965 (+5.95%)

, AZO

AutoZone

$1,155.00 /

+11.8 (+1.03%)

, CTB

Cooper Tire

$28.35 /

+0.19 (+0.67%)

43rd Annual Automotive…

43rd Annual Automotive Symposium will be held in Las Vegas on November 4-5.

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03/08/13
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Conference/Events
Gabelli to hold a symposium » 16:40
11/03/19
11/03
16:40
11/03/19
16:40
AN

AutoNation

$51.72 /

+0.88 (+1.73%)

, RUSHA

Rush Enterprises

$43.94 /

+0.26 (+0.60%)

, SAH

Sonic Automotive

$32.85 /

+0.645 (+2.00%)

, SMP

Standard Motor

$53.30 /

+1 (+1.91%)

, SRI

Stoneridge

$29.90 /

-0.95 (-3.08%)

, SUP

Superior Industries

$2.67 /

+0.06 (+2.30%)

, TEN

Tenneco

$13.86 /

+1.27 (+10.09%)

, LEA

Lear

$120.26 /

+2.76 (+2.35%)

, MNRO

Monro

$70.63 /

+0.55 (+0.78%)

, GPC

Genuine Parts

$104.68 /

+2.09 (+2.04%)

, GNTX

Gentex

$28.53 /

+0.47 (+1.68%)

, DCI

Donaldson

$53.76 /

+1.05 (+1.99%)

, DAN

Dana

$17.20 /

+0.965 (+5.95%)

, AZO

AutoZone

$1,155.00 /

+11.8 (+1.03%)

, CTB

Cooper Tire

$28.35 /

+0.19 (+0.67%)

43rd Annual Automotive…

43rd Annual Automotive Symposium will be held in Las Vegas on November 4-5.

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03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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