Superior Industries International (SUP) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Superior Industries International (NYSE:SUP) posted its earnings results on Friday. The auto parts company reported ($0.29) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.06, MarketWatch Earnings reports. The company had revenue of $347.60 million for the quarter, compared to analysts’ expectations of $346.65 million. Superior Industries International had a return on equity of 10.77% and a net margin of 1.12%. Superior Industries International’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned ($0.22) earnings per share. Superior Industries International updated its FY 2018 guidance to EPS.

Shares of NYSE SUP traded down $1.56 during trading hours on Friday, hitting $8.18. The company’s stock had a trading volume of 24,122 shares, compared to its average volume of 254,920. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.33 and a quick ratio of 1.31. The stock has a market capitalization of $241.69 million, a PE ratio of 7.57 and a beta of 1.83. Superior Industries International has a 12 month low of $9.22 and a 12 month high of $22.95.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 19th. Investors of record on Friday, October 5th were paid a $0.09 dividend. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $0.36 annualized dividend and a dividend yield of 4.40%. Superior Industries International’s payout ratio is presently 32.73%.

A number of institutional investors have recently bought and sold shares of SUP. Wells Fargo & Company MN boosted its position in Superior Industries International by 7.7% during the 1st quarter. Wells Fargo & Company MN now owns 95,870 shares of the auto parts company’s stock valued at $1,275,000 after acquiring an additional 6,891 shares in the last quarter. BlackRock Inc. boosted its position in Superior Industries International by 2.8% during the 1st quarter. BlackRock Inc. now owns 3,166,237 shares of the auto parts company’s stock valued at $42,112,000 after acquiring an additional 85,445 shares in the last quarter. Principal Financial Group Inc. boosted its position in Superior Industries International by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 177,544 shares of the auto parts company’s stock valued at $2,361,000 after acquiring an additional 4,212 shares in the last quarter. Millennium Management LLC boosted its position in Superior Industries International by 19.4% during the 1st quarter. Millennium Management LLC now owns 305,396 shares of the auto parts company’s stock valued at $4,062,000 after acquiring an additional 49,581 shares in the last quarter. Finally, Algert Global LLC bought a new stake in Superior Industries International during the 2nd quarter valued at approximately $1,315,000. 84.53% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on the company. ValuEngine raised Superior Industries International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Buckingham Research raised their target price on Superior Industries International from $18.00 to $24.00 and gave the stock a “neutral” rating in a research note on Monday, August 13th. Barrington Research reissued a “buy” rating and issued a $27.00 target price on shares of Superior Industries International in a research note on Monday, August 6th. Zacks Investment Research raised Superior Industries International from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. Finally, B. Riley cut their target price on Superior Industries International from $33.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.20.

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Superior Industries International Company Profile

Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company was founded in 1957 and is headquartered in Southfield, Michigan.

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Earnings History for Superior Industries International (NYSE:SUP)

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