Strattec Security (STRT) Set to Announce Quarterly Earnings on Monday

Strattec Security (NASDAQ:STRT) will post its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect Strattec Security to post earnings of $0.40 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Strattec Security (NASDAQ:STRT) last announced its quarterly earnings results on Thursday, August 8th. The auto parts company reported $2.39 EPS for the quarter, beating the consensus estimate of $0.38 by $2.01. The business had revenue of $143.06 million during the quarter, compared to analysts’ expectations of $141.51 million. Strattec Security had a return on equity of 7.43% and a net margin of 3.03%. On average, analysts expect Strattec Security to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Strattec Security Price Performance

NASDAQ STRT opened at $39.16 on Monday. The company has a quick ratio of 1.46, a current ratio of 2.15 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $159.30 million, a PE ratio of 39.56, a price-to-earnings-growth ratio of 2.06 and a beta of 1.13. Strattec Security has a 12-month low of $20.87 and a 12-month high of $43.15. The company has a 50 day moving average price of $37.86 and a two-hundred day moving average price of $29.78.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Strattec Security from a “strong-buy” rating to a “buy” rating in a report on Friday, August 2nd.

Insiders Place Their Bets

In other news, VP Richard P. Messina sold 1,270 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $38.78, for a total value of $49,250.60. Following the completion of the transaction, the vice president now owns 11,930 shares in the company, valued at approximately $462,645.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 2,070 shares of company stock worth $74,033 in the last ninety days. Insiders own 6.93% of the company’s stock.

About Strattec Security

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company provides mechanical and electronically enhanced locks and keys, passive entry passive start systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, and related products.