Profile
Sector:
Consumer CyclicalIndustry:
Auto PartsCountry:
United StatesIPO:
23 February 1995Website:
http://www.strattec.comNext earnings report:
08 August 2024Last dividends:
12 March 2020Next dividends:
N/APrice
regular market | Fri, 05 Jul 2024 13:30:00 GMTDividend
Analysts recommendations
Institutional Ownership
STRT Latest News
MILWAUKEE, June 14, 2024 (GLOBE NEWSWIRE) -- The Board of Directors (“Board”) of STRATTEC SECURITY CORPORATION (NASDAQ:STRT) (the “Company”) is proud to announce the appointment of Jennifer L. Slater as the Company's President and Chief Executive Officer and Board member, each effective July 1, 2024.
Investors with an interest in Automotive - Original Equipment stocks have likely encountered both Strattec Security (STRT) and Mobileye Global (MBLY). But which of these two stocks is more attractive to value investors?
Strattec Security Corporation (STRT) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, STRT's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.
Investors looking for stocks in the Automotive - Original Equipment sector might want to consider either Strattec Security (STRT) or Mobileye Global (MBLY). But which of these two stocks offers value investors a better bang for their buck right now?
Strattec Security (STRT) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of a loss of $0.25 per share. This compares to earnings of $0.03 per share a year ago.
Strattec Security (STRT) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of a loss of $0.20 per share. This compares to earnings of $0.10 per share a year ago.
Strattec Security Corporation is seen as a compelling investment opportunity due to the recent sale of its 1/3rd interest in VAST LLC, activist investor involvement, and securing new contracts with original equipment manufacturers. Strattec's strong balance sheet, low debt, and significant owned asset base, along with a compelling valuation, make it well-positioned to navigate a challenging environment. Despite recent challenges due to inflationary supply chain constraints and fixed-price contracts, Strattec is expected to rebound with improved margins, higher volumes, and lower costs.
Strattec Security (STRT) came out with a quarterly loss of $0.57 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to earnings of $0.80 per share a year ago.
Net sales are expected to recover by 2024. Profit margins are depressed as a result of inflationary pressures.
What type of business is 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 offers 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. It also provides full service and aftermarket support services for its products. The company markets its products to automotive and light truck original equipment manufacturers, as well as other transportation-related manufacturers; and through wholesale distributors, other marketers, and users of component parts, as well as certain products to non-automotive commercial customers. It also exports its products to Europe, South America, Korea, China, and India. Strattec Security Corporation was founded in 1908 and is headquartered in Milwaukee, Wisconsin.
What sector is Strattec Security in?
Strattec Security is in the Consumer Cyclical sector
What industry is Strattec Security in?
Strattec Security is in the Auto Parts industry
What country is Strattec Security from?
Strattec Security is headquartered in United States
When did Strattec Security go public?
Strattec Security initial public offering (IPO) was on 23 February 1995
What is Strattec Security website?
https://www.strattec.com
Is Strattec Security in the S&P 500?
No, Strattec Security is not included in the S&P 500 index
Is Strattec Security in the NASDAQ 100?
No, Strattec Security is not included in the NASDAQ 100 index
Is Strattec Security in the Dow Jones?
No, Strattec Security is not included in the Dow Jones index
When does Strattec Security report earnings?
The next expected earnings date for Strattec Security is 08 August 2024