Superior Industries International (NYSE:SUP) posted its quarterly earnings data on Thursday, March 15th. The auto parts company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.14, Morningstar.com reports. The firm had revenue of $361.80 million during the quarter, compared to analysts’ expectations of $362.13 million. Superior Industries International had a negative net margin of 0.56% and a positive return on equity of 9.79%. The company’s quarterly revenue was up 92.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS.
Superior Industries International stock opened at $15.55 on Thursday. The company has a quick ratio of 1.25, a current ratio of 2.14 and a debt-to-equity ratio of 1.52. Superior Industries International has a one year low of $13.95 and a one year high of $27.10. The firm has a market cap of $376.10, a P/E ratio of 14.52 and a beta of 1.03.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Thursday, April 5th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, April 4th. Superior Industries International’s payout ratio is currently -35.64%.
Several research firms have weighed in on SUP. Zacks Investment Research cut shares of Superior Industries International from a “hold” rating to a “sell” rating in a research report on Monday, January 22nd. Barrington Research began coverage on shares of Superior Industries International in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $27.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $23.75.
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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.
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