Superior Industries International, Inc. (NYSE:SUP) announced a quarterly dividend on Tuesday, December 5th, RTT News reports. Investors of record on Thursday, January 4th will be given a dividend of 0.09 per share by the auto parts company on Friday, January 19th. This represents a $0.36 dividend on an annualized basis and a yield of 2.24%.
Superior Industries International has raised its dividend payment by an average of 230.2% per year over the last three years. Superior Industries International has a dividend payout ratio of 45.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Superior Industries International to earn $1.22 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 29.5%.
Superior Industries International (SUP) traded down $0.45 during trading on Wednesday, reaching $16.05. 137,800 shares of the company were exchanged, compared to its average volume of 178,666. The stock has a market capitalization of $399.76, a P/E ratio of 17.01 and a beta of 0.77. The company has a current ratio of 2.36, a quick ratio of 1.34 and a debt-to-equity ratio of 1.39. Superior Industries International has a 52 week low of $13.95 and a 52 week 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 the Zacks’ 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 net margin of 0.66% and a return on equity of 7.96%. Superior Industries International’s revenue for the quarter was up 88.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 EPS. sell-side analysts anticipate that Superior Industries International will post 0.8 EPS for the current year.
Several equities analysts recently commented on SUP shares. Zacks Investment Research lowered shares of Superior Industries International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 14th. B. Riley reissued a “buy” rating and set a $25.00 price target on shares of Superior Industries International in a research report on Monday, November 13th. BidaskClub lowered shares of Superior Industries International from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Buckingham Research dropped their price objective 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. Finally, FBR & Co dropped their price objective 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. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned 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.
In other news, Director Michael Bruynesteyn acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were acquired at an average price of $16.00 per share, with a total value of $32,000.00. Following the purchase, the director now directly owns 7,946 shares of the company’s stock, valued at $127,136. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is owned by company insiders.
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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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