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Superior Industries Gains From Business Expansion in Europe
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On Aug 13, we issued an updated research report on Superior Industries International, Inc. (SUP - Free Report) .
The addition of European operations and strong unit shipments across North America and Europe enabled the company to drive second-quarter 2018 results. During the reported quarter, revenues were $389 million, beating the Zacks Consensus Estimate of $383.5 million. Moreover, this wheel manufacturer’s adjusted earnings of 25 cents per share beat the Zacks Consensus Estimate of 7 cents. With the anticipation of these driving factors to continue, the company raised its net sales and adjusted EBITDA guidance for 2018.
Further, Superior Industries is undertaking different strategies to expand its global presence and reduce costs. The acquisition of Superior Industries Europe AG (formerly known as UNIWHEELS) is enabling the company to expand in Europe and diversify its OEM customers. Moreover, it is opting for better operational and procurement practices to reduce costs, and invest the capital in product and technology enhancements. During second-quarter 2018, the company’s cost-saving initiatives aided it in witnessing a cash inflow of $16.4 million compared with the cash outflow of $8.5 million for the year-ago period.
Superior Industries International, Inc. Price and Consensus
Furthermore, Superior Industries pays regular cash dividends to its shareholders to boost their confidence. In June, the company announced a dividend payment of 9 cents per share, which led to a dividend payment of roughly $6.1 million.
Price Performance
In the past three months, Superior Industries’ stock has gained 26.2% outperforming 10.5% decline recorded by the industry it belongs to.
Zacks Rank & Other Key Picks
Superior Industries currently sports a Zacks Rank #1 (Strong Buy). Some other top-ranked stocks in the auto space are Honda Motor Co., Ltd. (HMC - Free Report) , Fox Factory Holding Corporation (FOXF - Free Report) and Allison Transmission Holdings, Inc. (ALSN - Free Report) . Honda presently carries a Zacks Rank #2 (Buy) while Fox Factory and Allison Transmission sport a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Honda has an expected long-term growth rate of 3%. Shares of the company have risen 7.3% in the past year.
Fox Factory has an expected long-term growth rate of 16.8%. Over a year, shares of the company have gained 76.2%.
Allison Transmission has an expected long-term growth rate of 10%. Over a year, shares of the company have gained 22.4%.
Today's Stocks From Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6% and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Superior Industries Gains From Business Expansion in Europe
On Aug 13, we issued an updated research report on Superior Industries International, Inc. (SUP - Free Report) .
The addition of European operations and strong unit shipments across North America and Europe enabled the company to drive second-quarter 2018 results. During the reported quarter, revenues were $389 million, beating the Zacks Consensus Estimate of $383.5 million. Moreover, this wheel manufacturer’s adjusted earnings of 25 cents per share beat the Zacks Consensus Estimate of 7 cents. With the anticipation of these driving factors to continue, the company raised its net sales and adjusted EBITDA guidance for 2018.
Further, Superior Industries is undertaking different strategies to expand its global presence and reduce costs. The acquisition of Superior Industries Europe AG (formerly known as UNIWHEELS) is enabling the company to expand in Europe and diversify its OEM customers. Moreover, it is opting for better operational and procurement practices to reduce costs, and invest the capital in product and technology enhancements. During second-quarter 2018, the company’s cost-saving initiatives aided it in witnessing a cash inflow of $16.4 million compared with the cash outflow of $8.5 million for the year-ago period.
Superior Industries International, Inc. Price and Consensus
Superior Industries International, Inc. Price and Consensus | Superior Industries International, Inc. Quote
Furthermore, Superior Industries pays regular cash dividends to its shareholders to boost their confidence. In June, the company announced a dividend payment of 9 cents per share, which led to a dividend payment of roughly $6.1 million.
Price Performance
In the past three months, Superior Industries’ stock has gained 26.2% outperforming 10.5% decline recorded by the industry it belongs to.
Zacks Rank & Other Key Picks
Superior Industries currently sports a Zacks Rank #1 (Strong Buy). Some other top-ranked stocks in the auto space are Honda Motor Co., Ltd. (HMC - Free Report) , Fox Factory Holding Corporation (FOXF - Free Report) and Allison Transmission Holdings, Inc. (ALSN - Free Report) . Honda presently carries a Zacks Rank #2 (Buy) while Fox Factory and Allison Transmission sport a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Honda has an expected long-term growth rate of 3%. Shares of the company have risen 7.3% in the past year.
Fox Factory has an expected long-term growth rate of 16.8%. Over a year, shares of the company have gained 76.2%.
Allison Transmission has an expected long-term growth rate of 10%. Over a year, shares of the company have gained 22.4%.
Today's Stocks From Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6% and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>