Superior Industries International (SUP) Posts Earnings Results

Superior Industries International (NYSE:SUP) issued its quarterly earnings data on Thursday. The auto parts company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07), MarketWatch Earnings reports. Superior Industries International had a return on equity of 1.21% and a net margin of 1.19%. The business had revenue of $357.70 million during the quarter, compared to analysts’ expectations of $363.53 million. During the same period in the previous year, the business earned $0.15 earnings per share. The business’s quarterly revenue was down 6.9% on a year-over-year basis. Superior Industries International updated its FY 2019 guidance to EPS.

Shares of SUP opened at $4.83 on Friday. Superior Industries International has a 1-year low of $4.28 and a 1-year high of $22.95. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.04 and a quick ratio of 1.09.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 7.45%. Superior Industries International’s dividend payout ratio is presently -720.00%.

A number of equities analysts have commented on SUP shares. BWS Financial reissued a “hold” rating and issued a $6.00 price objective (down from $10.00) on shares of Superior Industries International in a research note on Friday, February 8th. Barrington Research set a $15.00 price objective on shares of Superior Industries International and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Zacks Investment Research raised shares of Superior Industries International from a “sell” rating to a “buy” rating and set a $6.25 price target for the company in a research note on Tuesday, January 15th. TheStreet raised shares of Superior Industries International from a “d+” rating to a “c-” rating in a research note on Thursday, April 18th. Finally, ValuEngine raised shares of Superior Industries International from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $11.85.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Swiss National Bank lifted its holdings in Superior Industries International by 9.0% during the 1st quarter. Swiss National Bank now owns 43,400 shares of the auto parts company’s stock valued at $207,000 after buying an additional 3,600 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Superior Industries International by 72.9% during the 1st quarter. Wells Fargo & Company MN now owns 140,198 shares of the auto parts company’s stock valued at $667,000 after buying an additional 59,098 shares in the last quarter. BlackRock Inc. lifted its holdings in Superior Industries International by 9.9% during the 1st quarter. BlackRock Inc. now owns 3,792,655 shares of the auto parts company’s stock valued at $18,053,000 after buying an additional 343,053 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Superior Industries International by 29.1% during the 1st quarter. Parametric Portfolio Associates LLC now owns 261,565 shares of the auto parts company’s stock valued at $1,245,000 after buying an additional 58,911 shares in the last quarter. Finally, South Dakota Investment Council lifted its holdings in Superior Industries International by 100.9% during the 1st quarter. South Dakota Investment Council now owns 335,780 shares of the auto parts company’s stock valued at $1,598,000 after buying an additional 168,616 shares in the last quarter. Institutional investors own 80.53% of the company’s stock.

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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 and Europe. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names.

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Earnings History for Superior Industries International (NYSE:SUP)

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