Superior Industries International, Inc. Declares Quarterly Dividend of $0.09 (SUP)
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 paid 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 2.18%.
Superior Industries International has increased 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. 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%.
Shares of Superior Industries International (NYSE SUP) traded down $0.10 on Tuesday, reaching $16.50. 196,400 shares of the company were exchanged, compared to its average volume of 178,842. The stock has a market capitalization of $413.46, a P/E ratio of 17.11 and a beta of 0.78. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.36 and a quick ratio of 1.34. Superior Industries International has a 1-year low of $13.95 and a 1-year high of $27.45.
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 7.96% 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. research analysts anticipate that Superior Industries International will post 0.8 EPS for the current year.
In other news, Director Michael Bruynesteyn bought 2,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were purchased at an average price of $16.00 per share, for a total transaction of $32,000.00. Following the completion of the acquisition, the director now owns 7,946 shares of the company’s stock, valued at $127,136. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.50% of the company’s stock.
Several research analysts have commented on SUP shares. B. Riley reissued a “buy” rating and set a $25.00 price target on shares of Superior Industries International in a research note on Monday, November 13th. 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. 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. 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, BidaskClub downgraded shares of Superior Industries International from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Two investment 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. The stock currently has an average rating of “Hold” and a consensus price target of $22.67.
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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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