Superior Industries International Inc (NYSE:SUP) – Research analysts at B. Riley decreased their Q1 2018 earnings per share (EPS) estimates for Superior Industries International in a report issued on Thursday, April 19th. B. Riley analyst C. Horn now forecasts that the auto parts company will post earnings of $0.04 per share for the quarter, down from their prior estimate of $0.07. B. Riley also issued estimates for Superior Industries International’s FY2018 earnings at $0.38 EPS.
Superior Industries International (NYSE:SUP) last issued its quarterly earnings results on Thursday, March 15th. The auto parts company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.14. Superior Industries International had a positive return on equity of 9.79% and a negative net margin of 0.56%. The business had revenue of $361.80 million for the quarter, compared to analyst estimates of $362.13 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The company’s revenue was up 92.1% on a year-over-year basis.
A number of other equities research analysts have also weighed in on SUP. Zacks Investment Research upgraded Superior Industries International from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. ValuEngine lowered Superior Industries International from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, Barrington Research assumed coverage on Superior Industries International in a research note on Tuesday, January 9th. They set an “outperform” rating and a $27.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $23.75.
Shares of SUP stock opened at $13.70 on Friday. Superior Industries International has a fifty-two week low of $12.70 and a fifty-two week high of $24.85. The stock has a market cap of $357.42, a PE ratio of 12.45 and a beta of 1.15. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.25 and a current ratio of 2.14.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 19th. Investors of record on Thursday, April 5th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Wednesday, April 4th. Superior Industries International’s dividend payout ratio (DPR) is 32.73%.
In other news, SVP Shawn Pallagi bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 29th. The stock was purchased at an average price of $13.70 per share, with a total value of $137,000.00. Following the completion of the acquisition, the senior vice president now directly owns 24,201 shares of the company’s stock, valued at approximately $331,553.70. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.50% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in SUP. Louisiana State Employees Retirement System acquired a new stake in shares of Superior Industries International during the fourth quarter worth about $149,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Superior Industries International during the third quarter worth about $155,000. Jefferies Group LLC acquired a new stake in shares of Superior Industries International during the fourth quarter worth about $171,000. MetLife Investment Advisors LLC acquired a new stake in shares of Superior Industries International during the fourth quarter worth about $187,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Superior Industries International during the fourth quarter worth about $237,000. 88.52% of the stock is owned by hedge funds and other institutional investors.
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Superior Industries International Company Profile
Superior Industries International, Inc is engaged in the design and manufacture of aluminum wheels for sale to original equipment manufacturers (OEMs). The Company supplies cast aluminum wheels to automobile and light truck manufacturers, with wheel manufacturing operations in the United States and Mexico.
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