Supreme Industries (STS) is Downgraded by Sidoti to Neutral

Supreme Industries (STS) 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 Jun 9, 2016.

On the company’s financial health, Supreme Industries reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.19. The company had revenue of $69.40 million for the quarter, compared to analysts expectations of $71.46 million. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

Supreme Industries opened for trading at $13.91 and hit $14.38 on the upside on Tuesday, eventually ending the session at $14.27, with a gain of 1.82% or 0.255 points. The heightened volatility saw the trading volume jump to 1,72,631 shares. Company has a market cap of $242 M.

In a different news, on Jun 7, 2016, Peter D Barrett (director) sold 979 shares at $14.00 per share price. According to the SEC, on Jun 7, 2016, Herbert M Gardner (Chairman of Board) sold 13,300 shares at $13.55 per share price. On Jun 6, 2016, Mark C Neilson (director) sold 4,500 shares at $13.19 per share price, according to the Form-4 filing with the securities and exchange commission.

Supreme Industries Inc. (Supreme) is a manufacturer of specialized vehicles including truck bodies trolleys 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. The Company’s truck bodies are offered in aluminum FiberPanel PW FiberPanel HC or SignaturePlate. The Company’s products include Signature van bodies Iner-City cutaway van bodies Spartan service bodies Spartan cargo vans Kold King insulated van bodies stake bodies armored sport utility vehicles (SUVs) armored trucks and specialty vehicles and trolleys. Its products are attached to light-duty truck chassis and medium-duty truck chassis. It integrates a range of options into its truck bodies including liftgates cargo-handling equipment customized doors special bumpers ladder racks and refrigeration equipment.

Supreme Industries

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