Superior Industries International (SUP) Given News Sentiment Score of 0.11
Headlines about Superior Industries International (NYSE:SUP) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Superior Industries International earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news stories about the auto parts company an impact score of 45.5155659073817 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
SUP has been the subject of a number of research reports. ValuEngine cut shares of Superior Industries International from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet cut shares of Superior Industries International from a “b-” rating to a “c+” rating in a report on Tuesday, June 6th. Zacks Investment Research raised shares of Superior Industries International from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. FBR & Co reissued an “outperform” rating and issued a $31.00 target price on shares of Superior Industries International in a report on Tuesday, July 18th. Finally, BidaskClub cut shares of Superior Industries International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $24.67.
Shares of Superior Industries International (SUP) traded up 1.56% on Friday, reaching $16.30. 167,196 shares of the company were exchanged. Superior Industries International has a 12-month low of $14.00 and a 12-month high of $30.12. The stock’s 50-day moving average is $15.48 and its 200 day moving average is $20.03. The firm has a market capitalization of $405.94 million, a PE ratio of 61.28 and a beta of 0.72.
Superior Industries International (NYSE:SUP) last issued its earnings results on Friday, August 4th. The auto parts company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.11). Superior Industries International had a return on equity of 9.54% and a net margin of 1.23%. The firm had revenue of $240.60 million during the quarter, compared to analysts’ expectations of $190.98 million. During the same period in the prior year, the company earned $0.52 EPS. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, analysts forecast that Superior Industries International will post $1.45 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, October 5th will be given a $0.09 dividend. The ex-dividend date is Wednesday, October 4th. This represents a $0.36 annualized dividend and a yield of 2.21%. Superior Industries International’s payout ratio is currently 144.00%.
In related news, SVP Shawn Pallagi acquired 10,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was purchased at an average price of $14.64 per share, for a total transaction of $146,400.00. Following the completion of the transaction, the senior vice president now owns 10,952 shares of the company’s stock, valued at approximately $160,337.28. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Donald J. Stebbins acquired 16,090 shares of the stock in a transaction on Friday, August 11th. The stock was bought at an average price of $15.77 per share, with a total value of $253,739.30. Following the transaction, the chief executive officer now directly owns 105,459 shares of the company’s stock, valued at approximately $1,663,088.43. The disclosure for this purchase can be found here. Insiders acquired 76,596 shares of company stock valued at $1,161,839 in the last quarter. Corporate insiders own 1.50% of the company’s stock.
About Superior Industries International
Superior Industries International, Inc is engaged in the design and manufacture of aluminum wheels for sale to original equipment manufacturers (OEMs). The Company supplies cast aluminum wheels to automobile and light truck manufacturers, with wheel manufacturing operations in the United States and Mexico.
Receive News & Stock Ratings for Superior Industries International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Industries International Inc. and related stocks with our FREE daily email newsletter.