Top Loser in Consumer Goods: Stoneridge (NYSE:SRI), Schweitzer-Mauduit International (NYSE:SWM), Wabash National (NYSE:WNC), Strattec Security (NASDAQ:STRT)

Stoneridge Inc. (NYSE:SRI) issued an update on its FY13 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.55 to $0.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.76, ARN reports. The company issued revenue guidance of $945.0 million to $950.0 million, compared to the consensus revenue estimate of $953.86 million.Stoneridge also updated its FY14 guidance to 0.80-1.00 EPS. Stoneridge, Inc. (NYSE:SRI) stock opened at $10.50 in last trading session, and closed at $9.78, trading in the range of $9.65 – $10.65. The stock showed a negative weekly performance of -9.44%.

Schweitzer-Mauduit International (NYSE:SWM) issued its quarterly earnings data on Wednesday. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.89 by $0.02, Stock Ratings Network.com reports. The company had revenue of $196.50 million for the quarter, compared to the consensus estimate of $194.30 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. Schweitzer-Mauduit International, Inc. (NYSE:SWM) shares closed at $43.52 on last trade day, by losing -7.89%. Stock 52 week range is $35.87 – $63.53. Company’s market capitalization is $1.37 billion.

Wabash National Corporation (NYSE:WNC) reported fourth quarter 2013 net income of $10.4 million, or $0.15 per diluted share on record quarterly net sales of $458 million compared to fourth quarter 2012 net income of $80.2 million, or $1.16 per diluted share on net sales of $416 million. The Company’s fourth quarter 2013 results include the impact of an early extinguishment of debt charge totaling $0.6 million related to a $20 million term loan prepayment made in December 2013. Excluding the impact of this item, non-GAAP adjusted earnings for the fourth quarter were $10.8 million, or $0.15 per diluted share. Earnings for the quarter ended December 31, 2012 included an income tax benefit of $59.0 million, or $0.86 per diluted share, primarily related to the reversal of the Company’s valuation allowance against its net deferred tax assets. Wabash National Corporation (NYSE:WNC) stock decreased -7.55% and finished the last session at $12.00. The EPS of the stock remained 1.68. Company’s market capitalization is $822.20 million.

Zacks upgraded shares of Strattec Security Corp (NASDAQ:STRT) from a neutral rating to an outperform rating in a research report released on Wednesday morning, Stock Ratings Network reports. Zacks currently has $58.00 price objective on the stock. Strattec Security Corp. (NASDAQ:STRT) stock opened at $54.99 in last trading session and closed at $52.12. The 52 week range of the stock is $26.96 – $57.49 and the day range was $51.46 – $54.99.