Q1 2018 EPS Estimates for Superior Industries International, Inc. (SUP) Cut by Analyst

Superior Industries International, Inc. (NYSE:SUP) – Analysts at B. Riley cut their Q1 2018 earnings estimates for shares of Superior Industries International in a research report issued on Monday. B. Riley analyst C. Horn now expects that the auto parts company will post earnings of $0.36 per share for the quarter, down from their prior forecast of $0.38. B. Riley has a “Buy” rating and a $25.00 price objective 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.

SUP has been the topic of several other reports. Zacks Investment Research raised shares of Superior Industries International from a “strong sell” rating to a “hold” rating in a research note on Monday, October 9th. BidaskClub raised shares of Superior Industries International from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. FBR & Co decreased their price target on shares of Superior Industries International from $31.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 8th. Finally, Buckingham Research decreased their price target on shares of 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. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $22.67.

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Superior Industries International (NYSE:SUP) traded down $0.35 during mid-day trading on Tuesday, hitting $14.55. 242,100 shares of the company’s stock traded hands, compared to its average volume of 179,436. The stock has a market capitalization of $371.12, a P/E ratio of 15.36 and a beta of 0.74. Superior Industries International has a 52-week low of $13.95 and a 52-week high of $27.45. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.36 and a quick ratio of 1.85.

Superior Industries International (NYSE:SUP) last posted its quarterly earnings results on Thursday, November 9th. The auto parts company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.58). The business 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 revenue was up 88.7% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Superior Industries International by 3.6% in the first quarter. Vanguard Group Inc. now owns 2,199,855 shares of the auto parts company’s stock worth $55,767,000 after purchasing an additional 75,867 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Superior Industries International by 1.2% in the third quarter. Gamco Investors INC. ET AL now owns 1,185,506 shares of the auto parts company’s stock worth $19,739,000 after purchasing an additional 13,831 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Superior Industries International by 18.5% in the second quarter. Northern Trust Corp now owns 1,110,114 shares of the auto parts company’s stock worth $22,813,000 after purchasing an additional 173,039 shares during the last quarter. Prudential PLC grew its holdings in shares of Superior Industries International by 9.2% in the second quarter. Prudential PLC now owns 996,600 shares of the auto parts company’s stock worth $20,480,000 after purchasing an additional 83,600 shares during the last quarter. Finally, Chartwell Investment Partners LLC grew its holdings in shares of Superior Industries International by 82.3% in the third quarter. Chartwell Investment Partners LLC now owns 710,295 shares of the auto parts company’s stock worth $11,826,000 after purchasing an additional 320,623 shares during the last quarter. Hedge funds and other institutional investors own 81.46% of the company’s stock.

In other news, SVP Shawn Pallagi bought 10,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average price of $14.64 per share, for a total transaction of $146,400.00. Following the completion of the acquisition, the senior vice president now owns 10,952 shares of the company’s stock, valued at $160,337.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James Strauss Mcelya bought 17,422 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was purchased at an average price of $14.26 per share, for a total transaction of $248,437.72. Following the acquisition, the director now directly owns 27,376 shares of the company’s stock, valued at approximately $390,381.76. The disclosure for this purchase can be found here. Insiders have acquired 40,506 shares of company stock worth $580,500 over the last three months. Insiders own 1.50% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, October 5th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Wednesday, October 4th. Superior Industries International’s dividend payout ratio (DPR) is presently -180.00%.

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.

Earnings History and Estimates for Superior Industries International (NYSE:SUP)

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