Strattec Security (NASDAQ:STRT) Issues Earnings Results, Beats Estimates By $0.36 EPS

Strattec Security (NASDAQ:STRT) announced its quarterly earnings data on Monday. The auto parts company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.36, Zacks reports. Strattec Security had a return on equity of 7.17% and a net margin of 2.93%. The company had revenue of $139.05 million during the quarter, compared to analysts’ expectations of $139.32 million. During the same quarter last year, the company earned $1.05 EPS.

Strattec Security Stock Performance

Shares of STRT opened at $37.98 on Thursday. The company has a market cap of $155.72 million, a PE ratio of 9.64, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14. The firm has a 50-day moving average of $37.75 and a 200-day moving average of $30.59. Strattec Security has a one year low of $20.87 and a one year high of $43.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.15 and a quick ratio of 1.46.

Insider Activity

In other Strattec Security news, VP Richard P. Messina sold 1,270 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $38.78, for a total transaction of $49,250.60. Following the transaction, the vice president now owns 11,930 shares of the company’s stock, valued at $462,645.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have sold 2,070 shares of company stock valued at $74,033. 6.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Strattec Security from a “buy” rating to a “hold” rating in a research note on Wednesday.

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.