Q1 2018 EPS Estimates for Superior Industries International, Inc. (SUP) Reduced by B. Riley
Superior Industries International, Inc. (NYSE:SUP) – Analysts at B. Riley dropped their Q1 2018 earnings per share (EPS) estimates for Superior Industries International in a report issued on Monday. B. Riley analyst C. Horn now anticipates that the auto parts company will post earnings of $0.36 per share for the quarter, down from their previous forecast of $0.38. B. Riley has a “Buy” rating and a $25.00 price target on the stock. B. Riley also issued estimates for Superior Industries International’s Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.54 EPS and FY2018 earnings at $1.76 EPS.
A number of other research firms also recently issued reports on SUP. BidaskClub downgraded Superior Industries International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. FBR & Co restated an “outperform” rating and set a $31.00 price target on shares of Superior Industries International in a research note on Tuesday, July 18th. Zacks Investment Research upgraded Superior Industries International from a “strong sell” rating to a “hold” rating in a research note on Monday, October 9th. Finally, Buckingham Research dropped their price target on Superior Industries International from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.67.
Superior Industries International (SUP) opened at $14.85 on Tuesday. The stock has a market capitalization of $371.08, a P/E ratio of 15.36 and a beta of 0.74. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.85 and a current ratio of 2.36. Superior Industries International has a 12 month low of $13.95 and a 12 month high of $27.45.
Superior Industries International (NYSE:SUP) last released its quarterly earnings results on Thursday, November 9th. The auto parts company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.58). The firm had revenue of $331.40 million for the quarter, compared to analysts’ expectations of $316.20 million. Superior Industries International had a return on equity of 8.63% and a net margin of 0.66%. The company’s quarterly revenue was up 88.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, October 5th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $0.36 dividend on an annualized basis and a yield of 2.42%. Superior Industries International’s payout ratio is -180.00%.
In related news, SVP Shawn Pallagi acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was bought at an average cost of $14.64 per share, with a total value of $146,400.00. Following the transaction, the senior vice president now owns 10,952 shares of the company’s stock, valued at $160,337.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Strauss Mcelya acquired 17,422 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were bought at an average cost of $14.26 per share, with a total value of $248,437.72. Following the completion of the transaction, the director now directly owns 27,376 shares in the company, valued at approximately $390,381.76. The disclosure for this purchase can be found here. Insiders have acquired a total of 40,506 shares of company stock valued at $580,500 over the last ninety days. 1.50% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of SUP. Principal Financial Group Inc. lifted its position in Superior Industries International by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 179,557 shares of the auto parts company’s stock worth $4,552,000 after acquiring an additional 2,150 shares during the period. Teachers Advisors LLC lifted its position in Superior Industries International by 2.6% during the 1st quarter. Teachers Advisors LLC now owns 42,188 shares of the auto parts company’s stock worth $1,069,000 after acquiring an additional 1,085 shares during the period. TIAA CREF Investment Management LLC lifted its position in Superior Industries International by 15.8% during the 1st quarter. TIAA CREF Investment Management LLC now owns 82,135 shares of the auto parts company’s stock worth $2,082,000 after acquiring an additional 11,215 shares during the period. Thrivent Financial For Lutherans lifted its position in Superior Industries International by 2.5% during the 1st quarter. Thrivent Financial For Lutherans now owns 12,690 shares of the auto parts company’s stock worth $322,000 after acquiring an additional 310 shares during the period. Finally, Vanguard Group Inc. lifted its position in Superior Industries International by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 2,199,855 shares of the auto parts company’s stock worth $55,767,000 after acquiring an additional 75,867 shares during the period. 81.46% of the stock is owned by institutional investors.
Superior Industries International Company Profile
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.
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