Strattec Security (NASDAQ:STRT) Stock, Quote.Headers.trade-ideas

Strattec Security

Strattec Security Corp designs develops, manufactures, and markets mechanical locks, electronically enhanced locks, and keys. It also produces ignition lock housings; and access control products, including latches, power sliding door systems, and door handles. Strattec ships products to customer locations in the United States, Canada, Mexico, Europe, South America, Korea, and China, and provides full-service aftermarket support. Strattec also supplies products for the heavy truck and recreational vehicle markets, as well as precision, die castings.

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STRT

A downtrend has been apparent in Strattec Security (NASDAQ: STRT) lately. While the stock has lost 7.6% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session.

Here&#39;s Why Strattec Security Could be Great Choice for a Bottom Fisher

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STRATTEC SECURITY CORPORATION - Common Stock

Strattec Security Corp

A downtrend has been apparent in Strattec Security (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/strt#NASDAQ">STRT</a>) lately. While the stock has lost 7.6% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.
While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of this maker of automotive locks and keys is a solid fundamental factor that enhances the prospects of a trend reversal for the stock.
<img alt="1-month candlestick chart for STRT" class="chart" src="https://staticx-tuner.zacks.com/images/articles/charts/yseop/550/STRT_Hammer.jpeg" style="height:auto; width:100%" title="" />
<h2>What is a Hammer Chart and How to Trade It?</h2>
This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a &#39;hammer.&#39;
In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day&#39;s close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.
When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal.
Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors.
Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators.
<h2>Here&#39;s What Increases the Odds of a Turnaround for STRT</h2>
An upward trend in earnings estimate revisions that STRT has been witnessing lately can certainly be considered a bullish indicator on the fundamental side. That&#39;s because empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
The consensus EPS estimate for the current year has increased 34.7% over the last 30 days. This means that the Wall Street analysts covering STRT are majorly in agreement about the company&#39;s potential to report better earnings than what they predicted earlier.
If this is not enough, you should note that STRT currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market.
Moreover, a Zacks Rank of 1 for Strattec Security is a more conclusive indication of a potential trend reversal, as the Zacks Rank has proven to be an excellent timing indicator that helps investors identify precisely when a company&#39;s prospects are beginning to improve.
<a href="https://www.zacks.com/stock/news/2330349/here-s-why-strattec-security-strt-could-be-great-choice-for-a-bottom-fisher?cid=CS-BENZ-FT-tale_of_the_tape|hammer_chart_pattern_(ta)-2330349">To read this article on Zacks.com click here.</a>

Here's Why Strattec Security Could be Great Choice for a Bottom Fisher

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Shares of automobile and auto component stocks are trading higher amid overall market strength following softer-than-expected July PPI figures, which could alleviate some inflation concerns and boost consumer sentiment outlook.

Strattec Security shares are trading higher after the company reported better-than-expected Q4 financial results.

Strattec Security (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRT#NASDAQ">STRT</a>) reported quarterly earnings of $2.39 per share which beat the analyst consensus estimate of $0.38 by 528.95 percent. The company reported quarterly sales of $143.055 million which beat the analyst consensus estimate of $141.505 million by 1.10 percent. This is a 8.20 percent increase over sales of $132.219 million the same period last year.

Earnings Beats

Strattec Security Q4 2024 GAAP EPS $2.39 Beats $0.38 Estimate, Sales $143.055M Beat $141.505M Estimate

The Board of Directors ("Board") of STRATTEC SECURITY CORPORATION (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRT#NASDAQ">STRT</a>) (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. Slater is a senior executive at Sensata Technologies, Inc. with over 25 years of experience as a leader and a manager. Her experience includes general management, engineering, finance, sales and strategy. She has delivered results for owners across a diverse set of enterprises that include publicly traded companies, privately held firms, and private equity owners.

Management

STRATTEC SECURITY Appoints Jennifer L. Slater As President And CEO And Board Member, Each Effective July 1, 2024

Strattec Security (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRT#NASDAQ">STRT</a>) reported quarterly earnings of $0.37 per share which beat the analyst consensus estimate of $0.10 by 270 percent. This is a 164.91 percent increase over losses of $(0.57) per share from the same period last year. The company reported quarterly sales of $140.773 million which beat the analyst consensus estimate of $129.419 million by 8.77 percent. This is a 10.69 percent increase over sales of $127.183 million the same period last year.

Strattec Security Q3 2024 GAAP EPS $0.37 Beats $0.10 Estimate, Sales $140.773M Beat $129.419M Estimate

Strattec Security (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRT#NASDAQ">STRT</a>) reported its Q2 earnings results on Thursday, February 8, 2024 at 04:00 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Strattec Security beat estimated earnings by 156.52%, reporting an EPS of $0.26 versus an estimate of $-0.46.
Revenue was up $5.35 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $1.26 which was followed by a 0.0% increase in the share price the next day.
Here's a look at Strattec Security's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.21</td>
<td>-0.20</td>
<td>-0.23</td>
<td>0.05</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.05</td>
<td>-0.69</td>
<td>-0.57</td>
<td>-0.47</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>126.11M</td>
<td>125.03M</td>
<td>121.23M</td>
<td>120.99M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>135.41M</td>
<td>132.22M</td>
<td>127.18M</td>
<td>113.18M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Strattec Security <a href="https://www.benzinga.com/quote/STRT/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Strattec Security: Q2 Earnings Insights

Strattec Security (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRT#NASDAQ">STRT</a>) reported quarterly earnings of $0.26 per share which beat the analyst consensus estimate of $(0.46) by 156.52 percent. The company reported quarterly sales of $118.53 million which beat the analyst consensus estimate of $110.15 million by 7.61 percent. This is a 4.73 percent increase over sales of $113.18 million the same period last year.

Strattec Security Q2 2024 GAAP EPS $0.26 Beats $(0.46) Estimate, Sales $118.53M Beat $110.15M Estimate

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Earnings Scheduled For February 8, 2024

Strattec Security Corp Announces Appointment Of F. Jack Liebau, Jr. As Chairman Of Company's Board Of Directors

STRATTEC SECURITY CORPORATION (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRT#NASDAQ">STRT</a>) (&quot;STRATTEC&quot; or the &quot;Company&quot;), today announced that Frank J. Krejci, President and Chief Executive Officer, will retire from employment with the Company effective December 31, 2023. He will also retire from the Company&#39;s Board of Directors on December 31st. 
&nbsp;
Mr. Krejci became a member of STRATTEC&#39;s inaugural Board of Directors in 1995 and has been a valued Board member for over 28 years. He became an Officer of STRATTEC in 2010, serving as President, and has served as President and Chief Executive Officer since September 1, 2012.
Rolando Guillot, Senior Vice President &ndash; Operations and Chief Operating Officer, has been named to serve as Interim Chief Executive Officer effective January 1, 2024 in addition to his current role.&nbsp;&nbsp; Mr. Guillot joined STRATTEC in 1996 and gained experience in various management roles, primarily in STRATTEC&#39;s Mexican subsidiary, until September, 2004 when he was elected Vice President &ndash; Mexican Operations. In December 2016 he was elected Senior Vice President &ndash; Operations, responsible for all the Company&#39;s operations, and was elected to his current position in March, 2023.
The Company will engage a leading national executive search firm to conduct a formal search to identify a successor to Mr. Krejci as soon as possible. The Board of Directors is confident that Mr. Guillot has the necessary skills and experience to lead STRATTEC while a select group of independent members of the Board conduct the executive search for a successor CEO.

Strattec Security Corp CEO Frank J. Krejci to Retire Effective December 31, 2023, COO Rolando Guillot Named Interim CEO While Company Conducts a Search for a Successor

STRATTEC SECURITY CORPORATION (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRT#NASDAQ">STRT</a>) ("STRATTEC" or the "Company"), today announced that Frank J. Krejci, President and Chief Executive Officer, will retire from employment with the Company effective December 31, 2023. He will also retire from the Company's Board of Directors on December 31st. &nbsp;
Mr. Krejci became a member of STRATTEC's inaugural Board of Directors in 1995 and has been a valued Board member for over 28 years. He became an Officer of STRATTEC in 2010, serving as President, and has served as President and Chief Executive Officer since September 1, 2012.
Rolando Guillot, Senior Vice President – Operations and Chief Operating Officer, has been named to serve as Interim Chief Executive Officer effective January 1, 2024 in addition to his current role.&nbsp;&nbsp; Mr. Guillot joined STRATTEC in 1996 and gained experience in various management roles, primarily in STRATTEC's Mexican subsidiary, until September, 2004 when he was elected Vice President – Mexican Operations. In December 2016 he was elected Senior Vice President – Operations, responsible for all the Company's operations, and was elected to his current position in March, 2023.
The Company will engage a leading national executive search firm to conduct a formal search to identify a successor to Mr. Krejci as soon as possible. The Board of Directors is confident that Mr. Guillot has the necessary skills and experience to lead STRATTEC while a select group of independent members of the Board conduct the executive search for a successor CEO.
"Frank Krejci has had a positive influence on STRATTEC for over 28 years, first as a Director on the Company's Board, and then as the President/CEO, as well as continuing as a member of the Board. His accomplishments have been many and have played an important role in growing the Company over his years of involvement with STRATTEC. His leadership and personal demeaner through the Pandemic and its immediate after-effects were a source of stability in an environment of significant uncertainty and stress for all who worked at the Company during those many months. On behalf of all of us at STRATTEC, I express my sincere gratitude to Frank for his leadership, his kindness and concern for our associates and the stewardship of our Company," said Harold M. Stratton II, Chairman of the Company's Board of Directors.

STRATTEC SECURITY CORPORATION Announces CEO Transition Plan; Frank J. Krejci, President And CEO And Member Of Board Will Retire From Employment With The Co Effective December 31, 2023

<h3>Gainers</h3>
<ul>
<li>Coursera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COUR#NYSE">COUR</a>) shares increased by 17.0% to $20.1 during Thursday's after-market session. At the close, Coursera's trading volume reached 109.7K shares. This is 8.1% of its average volume over the last 100 days. The company's market cap stands at $3.0 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) stock rose 10.41% to $535.07. The market value of their outstanding shares is at $13.9 billion. As per the news, the Q2 earnings report came out today. </li>
<li>Strattec Security (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRT#NASDAQ">STRT</a>) shares moved upwards by 8.69% to $25.0. The market value of their outstanding shares is at $101.7 million. As per the press release, Q1 earnings came out today. </li>
<li>Beachbody Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BODY#NYSE">BODY</a>) shares increased by 6.23% to $0.21. The market value of their outstanding shares is at $67.1 million. </li>
<li>Foresight Autonomous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSX#NASDAQ">FRSX</a>) stock moved upwards by 4.93% to $1.7. The market value of their outstanding shares is at $18.4 million. </li>
<li>Aterian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATER#NASDAQ">ATER</a>) stock moved upwards by 4.47% to $0.28. The market value of their outstanding shares is at $23.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Yoshiharu Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YOSH#NASDAQ">YOSH</a>) stock decreased by 10.4% to $0.4 during Thursday's after-market session. The market value of their outstanding shares is at $5.1 million. </li>
<li>Betterware de Mexico SAPI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWMX#NASDAQ">BWMX</a>) shares declined by 8.62% to $15.6. The market value of their outstanding shares is at $582.1 million. As per the news, the Q3 earnings report came out today. </li>
<li>Ford Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) shares decreased by 4.67% to $10.82. Today's trading volume for this security ended up closing at 6.9 million shares, which is 14.6 percent of its average volume over the last 100 days. The company's market cap stands at $43.3 billion. As per the press release, Q3 earnings came out today. </li>
<li>Golden Sun Education Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSUN#NASDAQ">GSUN</a>) shares fell 4.51% to $0.46. The market value of their outstanding shares is at $8.4 million. </li>
<li>Singing Machine Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MICS#NASDAQ">MICS</a>) stock decreased by 4.27% to $0.82. The market value of their outstanding shares is at $3.4 million. </li>
<li>Visionary Education Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) stock fell 3.13% to $0.15. The company's market cap stands at $7.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Strattec Security (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRT#NASDAQ">STRT</a>) reported quarterly earnings of $1.05 per share which beat the analyst consensus estimate of $(0.21) by 600 percent. This is a 3400 percent increase over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $135.41 million which beat the analyst consensus estimate of $126.11 million by 7.37 percent. This is a 12.50 percent increase over sales of $120.36 million the same period last year.

Strattec Security Q1 EPS $1.05 Beats $(0.21) Estimate, Sales $135.41M Beat $126.11M Estimate

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Earnings Scheduled For October 26, 2023

Strattec Security (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRT#NASDAQ">STRT</a>) is set to give its latest quarterly earnings report on Thursday, 2023-10-26. Here's what investors need to know before the announcement.
Analysts estimate that Strattec Security will report an earnings per share (EPS) of $-0.21. 
Strattec Security bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.49, which was followed by a 0.04% increase in the share price the next day.
Here's a look at Strattec Security's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.20</td>
<td>-0.23</td>
<td>0.05</td>
<td>0.39</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.69</td>
<td>-0.57</td>
<td>-0.47</td>
<td>0.03</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.04%</td>
<td>0.78%</td>
<td>-12.82%</td>
<td>-2.12%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1698264115_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Strattec Security were trading at $22.75 as of October 24. Over the last 52-week period, shares are down 4.36%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/STRT/earnings">To track all earnings releases for Strattec Security visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Strattec Security

Strattec Security (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRT#NASDAQ">STRT</a>) reported quarterly losses of $(0.69) per share which missed the analyst consensus estimate of $(0.20) by 245 percent. This is a 790 percent decrease over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $132.22 million which beat the analyst consensus estimate of $125.03 million by 5.75 percent. This is a 7.43 percent increase over sales of $123.07 million the same period last year.

Strattec Security Q4 EPS $(0.69) Misses $(0.20) Estimate, Sales $132.22M Beat $125.03M Estimate

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Strattec Security

Strattec Security (STRT) Forecast

Strattec Security (NASDAQ:STRT) Stock, Quote.Headers.trade-ideas