$363.79 Million in Sales Expected for Superior Industries International Inc (SUP) This Quarter

Wall Street analysts expect that Superior Industries International Inc (NYSE:SUP) will announce sales of $363.79 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Superior Industries International’s earnings. The lowest sales estimate is $360.00 million and the highest is $369.08 million. Superior Industries International reported sales of $188.30 million during the same quarter last year, which indicates a positive year over year growth rate of 93.2%. The company is expected to announce its next earnings report on Thursday, March 1st.

According to Zacks, analysts expect that Superior Industries International will report full year sales of $363.79 million for the current financial year, with estimates ranging from $1.11 billion to $1.12 billion. For the next financial year, analysts expect that the business will post sales of $1.48 billion per share, with estimates ranging from $1.45 billion to $1.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Superior Industries International.

Superior Industries International (NYSE:SUP) last posted its quarterly earnings data on Thursday, November 9th. The auto parts company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.58). The firm had revenue of $331.40 million for the quarter, compared to analysts’ expectations of $316.20 million. Superior Industries International had a return on equity of 7.96% and a net margin of 0.66%. The firm’s quarterly revenue was up 88.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share.

Several research firms have commented on SUP. B. Riley reaffirmed a “buy” rating and set a $25.00 price objective on shares of Superior Industries International in a research note on Monday, November 13th. Zacks Investment Research raised shares of Superior Industries International from a “strong sell” rating to a “hold” rating in a research note on Monday, October 9th. Finally, Barrington Research began coverage on shares of Superior Industries International in a research note on Tuesday, January 9th. They set an “outperform” rating and a $27.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $23.75.

In other news, Director Michael Bruynesteyn acquired 2,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was bought at an average cost of $16.00 per share, with a total value of $32,000.00. Following the completion of the purchase, the director now directly owns 7,946 shares of the company’s stock, valued at $127,136. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in SUP. Schwab Charles Investment Management Inc. lifted its position in shares of Superior Industries International by 32.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 204,059 shares of the auto parts company’s stock worth $4,194,000 after purchasing an additional 49,835 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Superior Industries International by 8.9% during the second quarter. Legal & General Group Plc now owns 41,058 shares of the auto parts company’s stock worth $843,000 after purchasing an additional 3,361 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Superior Industries International by 51.8% during the second quarter. BNP Paribas Arbitrage SA now owns 9,070 shares of the auto parts company’s stock worth $186,000 after purchasing an additional 3,094 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Superior Industries International by 32.8% during the second quarter. Prudential Financial Inc. now owns 113,036 shares of the auto parts company’s stock worth $2,323,000 after purchasing an additional 27,950 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of Superior Industries International by 11.8% during the second quarter. Swiss National Bank now owns 39,800 shares of the auto parts company’s stock worth $818,000 after purchasing an additional 4,200 shares during the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Superior Industries International (SUP) opened at $17.45 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.34 and a current ratio of 2.36. The company has a market cap of $434.64, a price-to-earnings ratio of -87.25 and a beta of 0.79. Superior Industries International has a one year low of $13.95 and a one year high of $27.39.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Thursday, January 4th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Wednesday, January 3rd. Superior Industries International’s payout ratio is -180.00%.

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Superior Industries International Company Profile

Superior Industries International, Inc is engaged in the design and manufacture of aluminum wheels for sale to original equipment manufacturers (OEMs). The Company supplies cast aluminum wheels to automobile and light truck manufacturers, with wheel manufacturing operations in the United States and Mexico.

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