Superior Industries (SUP) Posts Quarterly Earnings Results, Misses Estimates By $0.18 EPS

Superior Industries (SUP) announced its quarterly results on Friday. The company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters consensus estimate of $0.34 by $0.18. The company’s quarterly revenue was up 12.7% on a year-over-year basis.

Shares of Superior Industries (SUP) traded down 6.31% during mid-day trading on Friday, hitting $18.42. Superior Industries (SUP) has a 52 week low of $14.17 and a 52 week high of $26.34. The stock’s 50-day moving average is $16.71 and its 200-day moving average is $19.69. The company has a market cap of $500.2 million and a price-to-earnings ratio of 9.61.

Superior Industries International, Inc. is engaged in design and manufacture of aluminum road wheels for sale to original equipment manufacturers (OEM). The Company is a supplier of cast and forged aluminum wheels and light truck manufacturers, with wheel manufacturing operations in the United States, Mexico and Hungary. Its OEM aluminum road wheels, including wheels produced by its 50% owned joint venture in Hungary, are sold for factory installation, or as optional or standard equipment on many vehicle models, to Ford, General Motors (GM), Chrysler, Audi, BMW, Jaguar, Land Rover, Mercedes Benz, Mitsubishi, Nissan, Seat, Skoda, Subaru, Suzuki, Toyota, Volkswagen and Volvo. The Company supplies cast and forged aluminum wheels for many North American model passenger cars and light trucks. In June 2009, The Company closed its Van Nuys, California manufacturing and warehousing facilities, totaling 318,000 square feet.