Zacks: Supreme Industries, Inc. (STS) Receives Consensus Rating of “Strong Buy” from Analysts
Supreme Industries, Inc. (NYSE:STS) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation. Supreme Industries’ rating score has improved by 50% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokerages have set a 1 year consensus price objective of $22.00 for the company, according to Zacks. Zacks has also given Supreme Industries an industry rank of 87 out of 265 based on the ratings given to related companies.
A number of brokerages have recently issued reports on STS. ValuEngine raised shares of Supreme Industries from a “hold” rating to a “buy” rating in a report on Thursday. BidaskClub raised shares of Supreme Industries from a “strong sell” rating to a “sell” rating in a report on Tuesday.
Shares of Supreme Industries (NYSE STS) traded up 0.10% during mid-day trading on Thursday, reaching $20.97. 722,964 shares of the company’s stock traded hands. The company has a market cap of $359.85 million and a P/E ratio of 23.69. The firm has a 50-day moving average of $15.99 and a 200 day moving average of $18.19. Supreme Industries has a 12-month low of $11.03 and a 12-month high of $22.00.
Supreme Industries (NYSE:STS) last issued its earnings results on Monday, July 31st. The consumer goods maker reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by $0.08. The business had revenue of $95.50 million for the quarter, compared to the consensus estimate of $113.06 million. Supreme Industries had a return on equity of 7.31% and a net margin of 2.71%. Supreme Industries’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. Equities analysts forecast that Supreme Industries will post $1.15 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This news story was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/zacks-supreme-industries-inc-sts-receives-consensus-rating-of-strong-buy-from-analysts/1469938.html.
Large investors have recently made changes to their positions in the company. Alliancebernstein L.P. purchased a new stake in shares of Supreme Industries during the second quarter worth about $183,000. SG Americas Securities LLC purchased a new stake in shares of Supreme Industries during the second quarter worth about $188,000. Rhumbline Advisers increased its stake in shares of Supreme Industries by 6.1% in the second quarter. Rhumbline Advisers now owns 14,657 shares of the consumer goods maker’s stock worth $241,000 after buying an additional 840 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Supreme Industries by 20.6% in the second quarter. Russell Investments Group Ltd. now owns 18,702 shares of the consumer goods maker’s stock worth $308,000 after buying an additional 3,198 shares during the last quarter. Finally, Federated Investors Inc. PA increased its stake in shares of Supreme Industries by 54.7% in the second quarter. Federated Investors Inc. PA now owns 20,972 shares of the consumer goods maker’s stock worth $345,000 after buying an additional 7,415 shares during the last quarter.
Supreme Industries Company Profile
Supreme Industries, Inc (Supreme) is a manufacturer of specialized vehicles, including truck bodies and specialty vehicles. The Company operates through two segments: specialized commercial vehicles and fiberglass products. The Company manufactures specialized commercial vehicles that are attached to a truck chassis.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Supreme Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Supreme Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.