Equities analysts expect Superior Industries International Inc (NYSE:SUP) to announce sales of $358.66 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Superior Industries International’s earnings, with the lowest sales estimate coming in at $358.30 million and the highest estimate coming in at $359.00 million. Superior Industries International reported sales of $174.20 million in the same quarter last year, which indicates a positive year-over-year growth rate of 105.9%. The business is expected to report its next earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that Superior Industries International will report full-year sales of $1.47 billion for the current fiscal year, with estimates ranging from $1.45 billion to $1.47 billion. For the next fiscal year, analysts expect that the company will post sales of $1.54 billion per share, with estimates ranging from $1.54 billion to $1.55 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Superior Industries International.
Superior Industries International (NYSE:SUP) last posted its quarterly earnings data on Thursday, March 15th. The auto parts company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.14. The business had revenue of $361.80 million during the quarter, compared to the consensus estimate of $362.13 million. Superior Industries International had a positive return on equity of 9.79% and a negative net margin of 0.56%. Superior Industries International’s quarterly revenue was up 92.1% on a year-over-year basis. During the same period last year, the company earned $0.31 earnings per share.
A number of research analysts recently issued reports on SUP shares. Barrington Research started coverage on Superior Industries International in a report on Tuesday, January 9th. They set an “outperform” rating and a $27.00 price objective for the company. Zacks Investment Research upgraded Superior Industries International from a “sell” rating to a “hold” rating in a report on Monday, January 15th. Finally, ValuEngine downgraded Superior Industries International from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.75.
NYSE:SUP opened at $14.25 on Friday. The company has a quick ratio of 1.25, a current ratio of 2.14 and a debt-to-equity ratio of 1.52. The stock has a market cap of $354.93, a P/E ratio of 12.95 and a beta of 1.15. Superior Industries International has a 52-week low of $12.70 and a 52-week high of $24.85.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Thursday, April 5th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, April 4th. This represents a $0.36 dividend on an annualized basis and a yield of 2.53%. Superior Industries International’s dividend payout ratio is 32.73%.
In related news, SVP Shawn Pallagi purchased 10,000 shares of the firm’s stock in a transaction on Thursday, March 29th. The stock was purchased at an average cost of $13.70 per share, for a total transaction of $137,000.00. Following the completion of the purchase, the senior vice president now directly owns 24,201 shares in the company, valued at $331,553.70. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System bought a new position in Superior Industries International in the fourth quarter valued at approximately $149,000. Cubist Systematic Strategies LLC bought a new position in Superior Industries International in the third quarter valued at approximately $155,000. Jefferies Group LLC bought a new position in Superior Industries International in the fourth quarter valued at approximately $171,000. MetLife Investment Advisors LLC bought a new position in Superior Industries International in the fourth quarter valued at approximately $187,000. Finally, Stone Ridge Asset Management LLC bought a new position in Superior Industries International in the fourth quarter valued at approximately $237,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.
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About Superior Industries International
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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