Superior Industries International (SUP) is Downgraded by Sidoti to Neutral

Superior Industries International (SUP) was Downgraded by Sidoti to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Sidoti advised their investors in a research report released on Jul 13, 2016.

On the company’s financial health, Superior Industries International reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.54. The company had revenue of $186.07 million for the quarter, compared to analysts expectations of $186.06 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Superior Industries International opened for trading at $28.15 and hit $28.8 on the upside on Monday, eventually ending the session at $28.66, with a gain of 2.21% or 0.62 points. The heightened volatility saw the trading volume jump to 1,88,315 shares. Company has a market cap of $728 M.

In a different news, on May 5, 2016, Parveen Kakar (Senior Vice President) sold 6,396 shares at $24.87 per share price. According to the SEC, on May 4, 2016, Kerry A Shiba (EVP & CFO) sold 609 shares at $21.69 per share price. On Mar 28, 2016, Lawrence R Oliver (Sr. Vice President, Operations) purchased 50 shares at $21.97 per share price, according to the Form-4 filing with the securities and exchange commission.

Superior Industries International Inc. is a supplier of cast aluminum wheels. The principal business of the Company is the design and manufacture of aluminum road wheels for sale to original equipment manufacturers (OEMs). It operates in the segment of automotive wheels. The Company offers its products to the automobile and light truck manufacturers. It has wheel manufacturing operations in the United States and Mexico. Products made in its North American facilities are delivered primarily to automotive assembly operations in North America both for domestic and internationally branded customers. The Company’s OEM aluminum road wheels are sold for factory installation as either optional or standard equipment on many vehicle models manufactured by Ford General Motors (GM) Toyota Fiat Chrysler Automobiles N.V. (FCA) BMW Mitsubishi Nissan Subaru Volkswagen and Tesla.

Superior Industries International

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