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

Shares of NYSE:SUP opened at $7.29 on Friday. Superior Industries International has a one year low of $6.91 and a one year high of $22.95. 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 $251.44 million, a PE ratio of 6.63 and a beta of 1.83.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 19th. Stockholders of record on Friday, October 5th were issued a $0.09 dividend. The ex-dividend date was Thursday, October 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.94%. Superior Industries International’s payout ratio is 32.73%.

A number of brokerages recently weighed in on SUP. BWS Financial cut shares of Superior Industries International from a “buy” rating to a “hold” rating and set a $10.00 price target for the company. in a research report on Friday. Barrington Research set a $15.00 price target on shares of Superior Industries International and gave the company a “buy” rating in a research report on Tuesday. ValuEngine cut shares of Superior Industries International from a “sell” rating to a “strong sell” rating in a research report on Friday, October 26th. B. Riley reduced their price target on shares of Superior Industries International from $33.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, October 25th. Finally, Buckingham Research reduced their price target on shares of Superior Industries International from $24.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Superior Industries International presently has an average rating of “Hold” and an average price target of $18.20.

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Superior Industries International in the second quarter valued at about $150,000. Bank of Montreal Can raised its holdings in shares of Superior Industries International by 753.9% in the third quarter. Bank of Montreal Can now owns 9,222 shares of the auto parts company’s stock valued at $157,000 after buying an additional 8,142 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Superior Industries International in the second quarter valued at about $215,000. Trexquant Investment LP purchased a new stake in shares of Superior Industries International in the second quarter valued at about $235,000. Finally, Strs Ohio purchased a new stake in shares of Superior Industries International in the third quarter valued at about $304,000. 84.53% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Superior Industries International (SUP) Announces Earnings Results, Beats Expectations By $0.06 EPS” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.dailypolitical.com/2018/11/10/superior-industries-international-sup-announces-earnings-results-beats-expectations-by-0-06-eps.html.

About Superior Industries International

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.

Featured Article: What is a Tariff?

Earnings History for Superior Industries International (NYSE:SUP)

Receive News & Ratings for Superior Industries International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Industries International and related companies with MarketBeat.com's FREE daily email newsletter.