Superior Industries International (SUP) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.52 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.44. The company posted revenue of $182.71 million in the period, compared to analysts expectations of $177.19 million. The company’s revenue was down -.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
Many Wall Street Analysts have commented on Superior Industries International. Superior Industries International was Downgraded by Sidoti to ” Neutral” on Jul 13, 2016.
Superior Industries International closed down -1.14 points or -3.64% at $30.16 with 2,01,927 shares getting traded on Thursday. Post opening the session at $31.05, the shares hit an intraday low of $29.7801 and an intraday high of $31.05 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.