Superior Industries International, Inc. (SUP) Posts Quarterly Earnings Results, Misses Expectations By $0.58 EPS
Superior Industries International, Inc. (NYSE:SUP) announced its earnings results on Thursday. The auto parts company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.58), RTT News reports. The business had revenue of $331.40 million for the quarter, compared to analysts’ expectations of $316.20 million. Superior Industries International had a net margin of 0.66% and a return on equity of 8.63%. The firm’s quarterly revenue was up 88.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share.
Shares of Superior Industries International (SUP) opened at $14.90 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.36 and a quick ratio of 1.85. Superior Industries International has a 1 year low of $13.95 and a 1 year high of $27.45. The firm has a market cap of $364.85, a PE ratio of 15.10 and a beta of 0.74.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Investors of record on Thursday, October 5th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Wednesday, October 4th. Superior Industries International’s dividend payout ratio (DPR) is currently -180.00%.
Several analysts have recently issued reports on SUP shares. FBR & Co restated an “outperform” rating and set a $31.00 target price on shares of Superior Industries International in a research report on Tuesday, July 18th. BidaskClub lowered shares of Superior Industries International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Buckingham Research reduced their price objective on shares of Superior Industries International from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 15th. Zacks Investment Research raised shares of Superior Industries International from a “strong sell” rating to a “hold” rating in a research report on Monday, October 9th. Finally, B. Riley reissued a “buy” rating on shares of Superior Industries International in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $24.67.
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In other news, Director James Strauss Mcelya acquired 17,422 shares of Superior Industries International stock in a transaction that occurred on Tuesday, August 22nd. The shares were bought at an average cost of $14.26 per share, with a total value of $248,437.72. Following the transaction, the director now directly owns 27,376 shares of the company’s stock, valued at approximately $390,381.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Shawn Pallagi bought 10,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was bought at an average price of $14.64 per share, for a total transaction of $146,400.00. Following the completion of the purchase, the senior vice president now directly owns 10,952 shares in the company, valued at $160,337.28. The disclosure for this purchase can be found here. Insiders purchased a total of 40,506 shares of company stock worth $580,500 over the last three months. 1.50% of the stock is currently owned by corporate insiders.
About Superior Industries International
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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