Superior Industries International (SUP) Announces Earnings Results, Beats Expectations By $0.06 EPS
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%.
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.
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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.
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