Superior Industries International Inc (NYSE:SUP) – Investment analysts at B. Riley dropped their Q3 2018 earnings per share (EPS) estimates for shares of Superior Industries International in a report released on Thursday, August 9th. B. Riley analyst C. Horn now anticipates that the auto parts company will post earnings per share of ($0.08) for the quarter, down from their previous estimate of $0.07. B. Riley also issued estimates for Superior Industries International’s Q4 2018 earnings at $0.15 EPS, FY2018 earnings at $0.47 EPS, Q1 2019 earnings at $0.23 EPS, Q2 2019 earnings at $0.19 EPS, Q3 2019 earnings at $0.21 EPS, Q4 2019 earnings at $0.34 EPS and FY2019 earnings at $0.96 EPS.
Several other analysts have also commented on the stock. ValuEngine raised shares of Superior Industries International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Barrington Research reaffirmed a “buy” rating and set a $27.00 price target on shares of Superior Industries International in a research report on Monday, August 6th. Finally, Zacks Investment Research raised shares of Superior Industries International from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.25.
Superior Industries International (NYSE:SUP) last issued its earnings results on Wednesday, August 8th. The auto parts company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.11. The business had revenue of $389.00 million for the quarter, compared to analysts’ expectations of $381.14 million. Superior Industries International had a return on equity of 10.77% and a net margin of 1.12%. The business’s revenue for the quarter was up 61.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.41) EPS.
The company also recently declared a quarterly dividend, which was paid on Thursday, July 19th. Stockholders of record on Thursday, July 5th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Tuesday, July 3rd. Superior Industries International’s payout ratio is presently 32.73%.
In other news, insider Parveen Kakar sold 4,500 shares of Superior Industries International stock in a transaction that occurred on Tuesday, June 26th. The shares were sold at an average price of $19.39, for a total transaction of $87,255.00. Following the sale, the insider now owns 27,511 shares of the company’s stock, valued at approximately $533,438.29. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of Superior Industries International by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 177,544 shares of the auto parts company’s stock valued at $2,361,000 after buying an additional 4,212 shares during the period. Wells Fargo & Company MN raised its position in Superior Industries International by 15.5% in the fourth quarter. Wells Fargo & Company MN now owns 88,979 shares of the auto parts company’s stock valued at $1,321,000 after purchasing an additional 11,919 shares during the period. Schwab Charles Investment Management Inc. raised its position in Superior Industries International by 18.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 347,520 shares of the auto parts company’s stock valued at $4,623,000 after purchasing an additional 54,057 shares during the period. Intrinsic Edge Capital Management LLC purchased a new stake in Superior Industries International in the first quarter valued at approximately $2,536,000. Finally, BlackRock Inc. raised its position in Superior Industries International by 2.8% in the first quarter. BlackRock Inc. now owns 3,166,237 shares of the auto parts company’s stock valued at $42,112,000 after purchasing an additional 85,445 shares during the period. 86.94% of the stock is currently owned by hedge funds and other institutional investors.
Superior Industries International Company Profile
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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