Q1 earnings estimate for Strattec Security issued by Sidoti. August 28, 2026 Key points. * Sidoti raised Strattec Security's Q1 2027 EPS estimate to $1.38 from $1.31, while forecasting $5.05 in fiscal 2028 earnings per share. The consensus full-year estimate is currently $4.85. * Strattec recently reported quarterly EPS of $2.06, surpassing analysts' $1.36 estimate, and revenue of $151.83 million, above the $146.77 million consensus. * Shares opened at $70.29, down 3.4%, while the company's board authorized a $40 million share repurchase covering up to 12.8% of outstanding shares; institutional investors own 68.91% of the stock. * Interested in Strattec Security? Here are five stocks we like better. Strattec Security Corporation (NASDAQ:STRT - Free Report) - Equities researchers at Sidoti boosted their Q1 2027 earnings estimates for shares of Strattec Security in a note issued to investors on Thursday, August 27th. Sidoti analyst J. Franzreb now anticipates that the auto parts company will post earnings per share of $1.38 for the quarter, up from their previous estimate of $1.31. The consensus estimate for Strattec Security's current full-year earnings is $4.85 per share. Sidoti also issued estimates for Strattec Security's Q2 2027 earnings at $0.87 EPS, Q3 2027 earnings at $0.94 EPS, Q1 2028 earnings at $1.44 EPS, Q2 2028 earnings at $1.04 EPS, Q3 2028 earnings at $1.12 EPS and FY2028 earnings at $5.05 EPS. Several other analysts also recently commented on STRT. Zacks Research raised Strattec Security from a "strong sell" rating to a "hold" rating in a research note on Friday, July 10th. Wall Street Zen lowered Strattec Security from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. Weiss Ratings reissued a "buy (b)" rating on shares of Strattec Security in a report on Wednesday, June 24th. Finally, Freedom Capital upgraded Strattec Security from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Strattec Security has an average rating of "Buy". Strattec Security stock down 3.4%. NASDAQ STRT opened at $70.29 on Friday. Strattec Security has a 52-week low of $57.01 and a 52-week high of $93.00. The business's 50-day moving average price is $82.03 and its 200 day moving average price is $79.79. The firm has a market cap of $293.81 million, a P/E ratio of 14.06, a P/E/G ratio of 1.50 and a beta of 1.18. Strattec Security (NASDAQ:STRT - Get Free Report) last announced its earnings results on Tuesday, August 25th. The auto parts company reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.70. Strattec Security had a net margin of 3.56% and a return on equity of 10.82%. The business had revenue of $151.83 million during the quarter, compared to analysts' expectations of $146.77 million. Strattec Security declared that its Board of Directors has authorized a share buyback program on Thursday, May 28th that allows the company to buyback $40.00 million in outstanding shares. This buyback authorization allows the auto parts company to buy up to 12.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued. Institutional investors weigh in on Strattec Security. A number of institutional investors have recently added to or reduced their stakes in STRT. BlackRock Inc. purchased a new position in shares of Strattec Security during the 2nd quarter worth approximately $26,464,000. Gabelli Funds LLC lifted its holdings in shares of Strattec Security by 41.7% in the 1st quarter. Gabelli Funds LLC now owns 247,800 shares of the auto parts company's stock valued at $19,413,000 after buying an additional 72,900 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Strattec Security in the third quarter valued at approximately $4,353,000. Millennium Management LLC boosted its stake in shares of Strattec Security by 117.3% in the third quarter. Millennium Management LLC now owns 112,312 shares of the auto parts company's stock valued at $7,644,000 after buying an additional 60,628 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Strattec Security by 110.2% during the second quarter. Geode Capital Management LLC now owns 90,389 shares of the auto parts company's stock worth $5,624,000 after acquiring an additional 47,389 shares during the period. Hedge funds and other institutional investors own 68.91% of the company's stock. Strattec Security company profile. Strattec Security Corporation is a Wisconsin-based designer and manufacturer of mechanical and electronic locking systems for the global automotive market. Established more than five decades ago, the company supplies original equipment manufacturers (OEMs) and the aftermarket with a broad portfolio of lock and key solutions tailored to passenger cars, light trucks and commercial vehicles. The company's product range includes mechanical locking systems such as door lock cylinders, ignition lock modules, key blanks and door handles, as well as electromechanical and keyless-entry systems. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Strattec Security, you'll want to hear this. 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Strattec Security Q4 earnings call highlights. Strattec Security (NASDAQ:STRT) reported record fiscal 2026 revenue and higher profitability as restructuring, pricing and operational improvements helped offset automotive production volatility, foreign exchange pressure and canceled electric-vehicle programs. President and Chief Executive Officer Jennifer Slater said fiscal 2026 revenue reached $579.4 million, while gross margin expanded 150 basis points to 16.5%. The company generated $46.3 million in operating cash flow and ended the year with $108.2 million in cash and no debt. "Fiscal 2026 was a year of progress as we continued to reshape Strattec into a more resilient, higher-performing business," Slater said on the company's earnings call. Fourth-Quarter results. Fourth-quarter net sales were $151.8 million, essentially unchanged from the prior-year period and above management's earlier expectations. Senior Vice President and Chief Financial Officer Matthew Pauli said the company had initially expected quarterly sales to decline 3% to 4%, based on third-party estimates for original equipment manufacturer production. Actual OEM production declined 1.4% during the quarter. Compared with the year-earlier quarter, canceled OEM EV programs reduced sales by $3.2 million. That impact was partly offset by $1.4 million in pricing benefits and certain customer inventory builds, Pauli said. Fourth-quarter gross profit declined to $23.6 million from $25.4 million a year earlier, with gross margin at 15.6%. Pauli attributed the year-over-year comparison to unfavorable foreign exchange rates and lower tooling gains. On a constant-currency basis, gross margin improved due to lower tariff costs, pricing actions and restructuring savings, partly offset by higher costs associated with supplier-related quality and delivery issues. Net income attributable to Strattec was $3.9 million, or $0.95 per diluted share, compared with $8.3 million, or $2.01 per diluted share, in the prior-year quarter. The quarter included business transformation and executive-transition costs, as well as $2.9 million of discrete income-tax adjustments related to changes in tax regulations. On an adjusted basis, fourth-quarter net income was $8.4 million, or $2.06 per diluted share, unchanged from the previous year. Adjusted EBITDA was $12.5 million, compared with $13 million a year earlier. Full-Year margin and cash-flow progress. For the full year, sales increased 2.5% from $565.1 million in fiscal 2025. Pricing contributed 2% to the increase, while volume growth was less than 1%, in line with the broader North American automotive market. Full-year gross profit rose to $95.4 million from $84.6 million, while adjusted EBITDA increased 15% to $50.5 million. Adjusted EBITDA margin improved 100 basis points to 8.7%, and fiscal 2026 earnings per share increased 9% to $5, according to Pauli. Strattec realized about $6 million in savings from restructuring actions during fiscal 2026 and $9.5 million in cumulative savings since fiscal 2025. Slater said the company consolidated test-lab operations in Auburn Hills, Michigan, added 16 automated assembly stations and freed up 91,000 square feet of production space at its Milwaukee facility. The company also reduced manufacturing headcount by an additional 7%. Management said automation remains a significant opportunity, with automated assembly stations representing 9% of the company's total assembly stations. Slater said the company is pursuing simple automation projects with payback periods typically under one year, while also considering more comprehensive automation for future customer programs. Capital allocation and strategic priorities. Strattec generated $9.7 million in fourth-quarter operating cash flow and repurchased approximately 110,000 shares for $7.4 million during the period. The repurchase represented about 2% of shares outstanding, Pauli said. The board authorized a new $40 million share-repurchase program. Management said it plans to use the authorization to offset equity dilution and repurchase shares opportunistically, while preserving capital for organic investments and potential acquisitions. The company is not currently considering reinstating a dividend, Pauli said. Instead, its capital allocation priorities include investment in new customer programs, automation, process modernization, opportunistic buybacks and acquisitions that can add scale or diversify its customer, product and program base. Slater said Strattec is focused on opportunities that fit within its three product pillars: Permission, which includes secure vehicle-entry technologies; Motion, covering powered access systems; and Hold, consisting of latching products. The company has also invested in commercial talent and pipeline-management tools to engage customers earlier in vehicle development cycles. Management said it expects to continue manufacturing in Milwaukee but may pursue a sale-leaseback transaction for the portion of the facility it needs, as the site remains larger than required for current operations. Fiscal 2027 outlook. Management expects automotive conditions to remain challenging in fiscal 2027. Based on current third-party forecasts, Strattec expects North American production to decline about 2%, while production at its three largest customers - Ford, Stellantis and General Motors - is projected to decline nearly 6%. Pauli said the production decline is expected to be relatively consistent throughout the fiscal year, aside from typical second-quarter holiday shutdown seasonality. He said canceled EV programs represented an approximately $10 million headwind from fiscal 2025 to fiscal 2026 and that the effect has been "flushed out" for fiscal 2027. Foreign exchange remains a major headwind. Pauli said that if the Mexican peso had traded at its five-year average of 19.50 per U.S. dollar, Strattec's fiscal 2026 gross margin would have been about 100 basis points higher. A 5% change in the U.S. dollar relative to the peso could affect annual manufacturing costs by roughly $4 million before hedging. The company continues to target gross margins of 18% to 20% over the next several years, assuming the peso returns to its five-year average. For fiscal 2027, Strattec expects an effective tax rate of approximately 24% to 25%, normalized operating cash flow of about $10 million per quarter, subject to working-capital changes, and about $12 million in capital expenditures. About Strattec Security (NASDAQ:STRT). Strattec Security Corporation is a Wisconsin-based designer and manufacturer of mechanical and electronic locking systems for the global automotive market. Established more than five decades ago, the company supplies original equipment manufacturers (OEMs) and the aftermarket with a broad portfolio of lock and key solutions tailored to passenger cars, light trucks and commercial vehicles. The company's product range includes mechanical locking systems such as door lock cylinders, ignition lock modules, key blanks and door handles, as well as electromechanical and keyless-entry systems.