Strattec Security (NASDAQ:STRT) Issues Quarterly Earnings Results

Strattec Security (NASDAQ:STRT – Get Free Report) posted its earnings results on Thursday. The auto parts company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.38, FiscalAI reports. Strattec Security had a net margin of 3.56% and a return on equity of 10.79%. The company had revenue of $147.20 million during the quarter, compared to analysts’ expectations of $146.60 million.

Strattec Security Price Performance

Shares of STRT traded up $0.40 during trading hours on Thursday, hitting $64.38. 57,447 shares of the stock were exchanged, compared to its average volume of 79,821. Strattec Security has a fifty-two week low of $57.01 and a fifty-two week high of $93.00. The business has a 50-day moving average of $68.08 and a 200-day moving average of $77.17. The firm has a market capitalization of $256.23 million, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Freedom Broker cut Strattec Security from a “buy” rating to a “hold” rating and cut their price target for the company from $89.00 to $83.00 in a research note on Monday, August 31st. Zacks Research cut shares of Strattec Security from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Strattec Security in a report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

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Strattec Security Company Profile

(Get Free Report)

Strattec Security Corporation (NASDAQ: STRT) designs and manufactures automotive access, security and vehicle-control products. Its offerings include mechanical and electronic locks, latches, keys, ignition systems, power-liftgate and sliding-door systems, actuators, and related security components used in passenger vehicles and commercial vehicles.

The company supplies automotive original equipment manufacturers and other transportation-industry customers. Its products are developed for applications such as vehicle entry, theft deterrence, body access and electronic control, and are produced and supported through operations in North America and other international locations.

Strattec traces its history to the early automotive components industry and became an independent publicly traded company after being spun off from Briggs & Stratton Corporation in 1995.

Further Reading

Earnings History for Strattec Security (NASDAQ:STRT)

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