Equities analysts expect Superior Industries International, Inc. (NYSE:SUP) to report sales of $315.76 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Superior Industries International’s earnings, with estimates ranging from $302.88 million to $323.40 million. Superior Industries International reported sales of $175.58 million during the same quarter last year, which would suggest a positive year over year growth rate of 79.8%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, November 9th.

On average, analysts expect that Superior Industries International will report full-year sales of $315.76 million for the current fiscal year, with estimates ranging from $1.10 billion to $1.11 billion. For the next year, analysts anticipate that the business will post sales of $1.44 billion per share, with estimates ranging from $1.43 billion to $1.45 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Superior Industries International.

Superior Industries International (NYSE:SUP) last posted its earnings results on Friday, August 4th. The auto parts company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.11). Superior Industries International had a net margin of 1.23% and a return on equity of 9.54%. The company had revenue of $240.60 million during the quarter, compared to analyst estimates of $190.98 million. During the same period in the previous year, the company earned $0.52 EPS. The company’s quarterly revenue was up 31.7% compared to the same quarter last year.

Several analysts have recently weighed in on the company. BidaskClub lowered Superior Industries International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. FBR & Co reaffirmed an “outperform” rating and set a $31.00 target price on shares of Superior Industries International in a report on Tuesday, July 18th. Zacks Investment Research raised Superior Industries International from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Buckingham Research reduced their target price on Superior Industries International from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $24.67.

In other Superior Industries International news, SVP Shawn Pallagi acquired 10,000 shares of Superior Industries International stock in a transaction that occurred on Wednesday, August 23rd. The stock was purchased at an average cost of $14.64 per share, with a total value of $146,400.00. Following the purchase, the senior vice president now owns 10,952 shares in the company, valued at $160,337.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jack A. Hockema acquired 20,000 shares of Superior Industries International stock in a transaction that occurred on Wednesday, August 9th. The stock was acquired at an average cost of $16.38 per share, with a total value of $327,600.00. Following the completion of the purchase, the director now owns 6,915 shares in the company, valued at approximately $113,267.70. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 76,596 shares of company stock valued at $1,161,839. Company insiders own 1.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in Superior Industries International by 1.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,616 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 69 shares during the last quarter. M&T Bank Corp increased its position in Superior Industries International by 0.5% in the 2nd quarter. M&T Bank Corp now owns 17,128 shares of the auto parts company’s stock worth $352,000 after purchasing an additional 77 shares during the last quarter. Texas Permanent School Fund increased its position in Superior Industries International by 0.7% in the 2nd quarter. Texas Permanent School Fund now owns 16,366 shares of the auto parts company’s stock worth $336,000 after purchasing an additional 116 shares during the last quarter. Teachers Advisors LLC increased its position in Superior Industries International by 0.5% in the 2nd quarter. Teachers Advisors LLC now owns 42,399 shares of the auto parts company’s stock worth $871,000 after purchasing an additional 211 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its position in Superior Industries International by 2.5% in the 1st quarter. Thrivent Financial For Lutherans now owns 12,690 shares of the auto parts company’s stock worth $322,000 after purchasing an additional 310 shares during the last quarter. 82.04% of the stock is owned by hedge funds and other institutional investors.

Superior Industries International (NYSE SUP) opened at 15.85 on Tuesday. Superior Industries International has a 52-week low of $14.00 and a 52-week high of $27.45. The firm has a market cap of $394.73 million, a PE ratio of 59.59 and a beta of 0.74. The firm has a 50-day moving average of $16.44 and a 200-day moving average of $18.29.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Investors of record on Thursday, October 5th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.27%. The ex-dividend date was Wednesday, October 4th. Superior Industries International’s dividend payout ratio is currently 144.00%.

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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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Earnings History and Estimates for Superior Industries International (NYSE:SUP)

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