Superior Industries International Inc (SUP) Plans $0.09 Quarterly Dividend

Superior Industries International Inc (NYSE:SUP) declared a quarterly dividend on Tuesday, March 5th, Wall Street Journal reports. Stockholders of record on Thursday, April 4th will be paid a dividend of 0.09 per share by the auto parts company on Thursday, April 18th. This represents a $0.36 annualized dividend and a dividend yield of 6.53%. The ex-dividend date is Wednesday, April 3rd.

Superior Industries International has decreased its dividend payment by an average of 20.6% annually over the last three years. Superior Industries International has a dividend payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Superior Industries International to earn ($0.02) per share next year, which means the company may not be able to cover its $0.36 annual dividend with an expected future payout ratio of -1,800.0%.

Shares of SUP stock opened at $5.51 on Tuesday. The company has a current ratio of 2.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.71. Superior Industries International has a 52-week low of $4.28 and a 52-week high of $22.95.

Superior Industries International (NYSE:SUP) last issued its quarterly earnings data on Thursday, March 7th. The auto parts company reported ($0.16) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.04. The business had revenue of $378.80 million during the quarter, compared to analysts’ expectations of $372.88 million. Superior Industries International had a return on equity of 3.46% and a net margin of 1.72%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.50) EPS. As a group, analysts predict that Superior Industries International will post -0.38 EPS for the current fiscal year.

A hedge fund recently raised its stake in Superior Industries International stock. Geode Capital Management LLC lifted its holdings in Superior Industries International Inc (NYSE:SUP) by 22.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 276,541 shares of the auto parts company’s stock after purchasing an additional 49,789 shares during the period. Geode Capital Management LLC owned about 1.11% of Superior Industries International worth $1,329,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 84.69% of the company’s stock.

Several equities analysts have recently issued reports on SUP shares. Seaport Global Securities started coverage on Superior Industries International in a report on Wednesday, February 13th. They issued a “neutral” rating for the company. ValuEngine raised Superior Industries International from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Barrington Research set a $15.00 price objective on Superior Industries International and gave the company a “buy” rating in a report on Tuesday, March 5th. BWS Financial reissued a “hold” rating and issued a $6.00 price objective (down previously from $10.00) on shares of Superior Industries International in a report on Friday, February 8th. Finally, Zacks Investment Research upgraded Superior Industries International from a “sell” rating to a “buy” rating and set a $6.25 price target for the company in a research note on Tuesday, January 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.85.

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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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Dividend History for Superior Industries International (NYSE:SUP)

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