According to Zacks, “In first-quarter 2019, Superior Industries’ earnings and revenues missed the Zacks Consensus Estimate. Also, on a year-over-year basis, the figures declined due to lower volume, weaker euro and reduced aluminum prices, partly offset by improved product mix. However, Superior Industries’ strong presence in Europe through the Uniwheels acquisition positions it well among industry peers. Beside a decent geographical presence, the company’s strategies to reduce costs enhanced its global competitive position. Further, it is investing in new manufacturing processes to serve global customer base by introducing innovative technologies. However, softening demand in North America and the implementation of WLTP emission standards in Europe are major concerns for the company.”
Other research analysts also recently issued reports about the company. Barrington Research set a $15.00 target price on Superior Industries International and gave the company a buy rating in a research report on Tuesday, March 5th. TheStreet upgraded Superior Industries International from a d+ rating to a c- rating in a research report on Thursday, April 18th. BWS Financial reiterated a hold rating and set a $6.00 target price (down from $10.00) on shares of Superior Industries International in a research report on Friday, February 8th. ValuEngine upgraded Superior Industries International from a sell rating to a hold rating in a research report on Monday, February 4th. Finally, Seaport Global Securities initiated coverage on Superior Industries International in a research report on Wednesday, February 13th. They set a neutral rating for the company. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $11.85.
Superior Industries International (NYSE:SUP) last posted its earnings results on Thursday, May 9th. The auto parts company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). The firm had revenue of $357.70 million for the quarter, compared to the consensus estimate of $363.53 million. Superior Industries International had a net margin of 1.19% and a return on equity of 1.21%. The firm’s revenue was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 earnings per share. Research analysts predict that Superior Industries International will post -0.46 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 7.81%. Superior Industries International’s dividend payout ratio is currently -720.00%.
In other news, Director Richard J. Giromini bought 20,000 shares of the stock in a transaction dated Monday, May 13th. The stock was purchased at an average cost of $4.57 per share, for a total transaction of $91,400.00. Following the transaction, the director now owns 22,500 shares of the company’s stock, valued at $102,825. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new stake in Superior Industries International during the 3rd quarter valued at $389,000. Chartwell Investment Partners LLC raised its holdings in Superior Industries International by 17.8% during the 4th quarter. Chartwell Investment Partners LLC now owns 1,116,383 shares of the auto parts company’s stock valued at $5,370,000 after buying an additional 168,433 shares during the period. Morgan Stanley raised its holdings in Superior Industries International by 29.7% during the 3rd quarter. Morgan Stanley now owns 273,644 shares of the auto parts company’s stock valued at $4,666,000 after buying an additional 62,717 shares during the period. TIAA CREF Investment Management LLC raised its holdings in Superior Industries International by 12.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 64,154 shares of the auto parts company’s stock valued at $1,094,000 after buying an additional 7,215 shares during the period. Finally, Legal & General Group Plc raised its holdings in Superior Industries International by 6.0% during the 3rd quarter. Legal & General Group Plc now owns 49,205 shares of the auto parts company’s stock valued at $839,000 after buying an additional 2,768 shares during the period. Institutional investors own 80.67% of the company’s stock.
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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