Supreme Industries, Inc. (STS) Lowered to Sell at BidaskClub

BidaskClub downgraded shares of Supreme Industries, Inc. (NYSE:STS) from a hold rating to a sell rating in a research report report published on Thursday morning.

Separately, ValuEngine downgraded Supreme Industries from a buy rating to a hold rating in a research note on Monday, July 17th.

Shares of Supreme Industries (NYSE STS) traded up 0.024% during mid-day trading on Thursday, hitting $20.965. The company had a trading volume of 68,071 shares. Supreme Industries has a 52-week low of $11.03 and a 52-week high of $22.00. The stock’s 50-day moving average is $19.41 and its 200-day moving average is $18.62. The stock has a market cap of $359.76 million and a price-to-earnings ratio of 23.689.

Supreme Industries (NYSE:STS) last announced its quarterly earnings data on Monday, July 31st. The consumer goods maker reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.08). The firm had revenue of $95.50 million during the quarter, compared to the consensus estimate of $113.06 million. Supreme Industries had a net margin of 6.60% and a return on equity of 23.88%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. Equities analysts forecast that Supreme Industries will post $1.15 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Supreme Industries, Inc. (STS) Lowered to Sell at BidaskClub” was published by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://transcriptdaily.com/2017/09/15/supreme-industries-inc-sts-lowered-to-sell-at-bidaskclub.html.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 28th were paid a $0.035 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $0.14 dividend on an annualized basis and a yield of 0.67%.

A number of hedge funds have recently modified their holdings of STS. Royce & Associates LP boosted its stake in Supreme Industries by 83.9% in the second quarter. Royce & Associates LP now owns 2,309,426 shares of the consumer goods maker’s stock valued at $37,990,000 after acquiring an additional 1,053,747 shares during the period. First Manhattan Co. boosted its stake in Supreme Industries by 13.8% in the second quarter. First Manhattan Co. now owns 641,081 shares of the consumer goods maker’s stock valued at $10,545,000 after acquiring an additional 77,512 shares during the period. Royal Bank of Canada boosted its stake in Supreme Industries by 25.7% in the second quarter. Royal Bank of Canada now owns 264,796 shares of the consumer goods maker’s stock valued at $4,355,000 after acquiring an additional 54,190 shares during the period. JPMorgan Chase & Co. boosted its stake in Supreme Industries by 290.1% in the second quarter. JPMorgan Chase & Co. now owns 58,638 shares of the consumer goods maker’s stock valued at $965,000 after acquiring an additional 43,607 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in Supreme Industries by 115.6% in the second quarter. Parametric Portfolio Associates LLC now owns 57,325 shares of the consumer goods maker’s stock valued at $943,000 after acquiring an additional 30,733 shares during the period.

Supreme Industries Company Profile

Supreme Industries, Inc (Supreme) is a manufacturer of specialized vehicles, including truck bodies and specialty vehicles. The Company operates through two segments: specialized commercial vehicles and fiberglass products. The Company manufactures specialized commercial vehicles that are attached to a truck chassis.

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

Leave a Reply