$361.69 Million in Sales Expected for Superior Industries International, Inc. (SUP) This Quarter
Equities research analysts expect Superior Industries International, Inc. (NYSE:SUP) to report sales of $361.69 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Superior Industries International’s earnings, with the highest sales estimate coming in at $369.08 million and the lowest estimate coming in at $353.70 million. Superior Industries International posted sales of $188.30 million in the same quarter last year, which suggests a positive year-over-year growth rate of 92.1%. The business is expected to announce its next earnings results on Thursday, March 1st.
According to Zacks, analysts expect that Superior Industries International will report full year sales of $361.69 million for the current year, with estimates ranging from $1.10 billion to $1.12 billion. For the next financial year, analysts expect that the company will post sales of $1.47 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 research firms that cover Superior Industries International.
Superior Industries International (NYSE:SUP) last released its earnings results on Thursday, November 9th. The auto parts company reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.58). Superior Industries International had a net margin of 0.66% and a return on equity of 7.96%. The company had revenue of $331.40 million for the quarter, compared to the consensus estimate of $316.20 million. During the same period in the prior year, the company earned $0.23 earnings per share. The firm’s revenue was up 88.7% on a year-over-year basis.
Superior Industries International (SUP) traded down $0.05 during trading on Thursday, hitting $16.70. 162,329 shares of the stock were exchanged, compared to its average volume of 178,783. Superior Industries International has a 1 year low of $13.95 and a 1 year high of $27.45. The company has a market cap of $418.45, a P/E ratio of 17.32 and a beta of 0.74. The company has a quick ratio of 1.34, a current ratio of 2.36 and a debt-to-equity ratio of 1.39.
In related news, Director Michael Bruynesteyn bought 2,000 shares of Superior Industries International stock in a transaction dated Wednesday, November 22nd. The stock was purchased at an average cost of $16.00 per share, with a total value of $32,000.00. Following the transaction, the director now directly owns 7,946 shares of the company’s stock, valued at $127,136. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Teachers Advisors LLC boosted its holdings 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 buying an additional 211 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Superior Industries International by 15.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 242,172 shares of the auto parts company’s stock worth $4,976,000 after buying an additional 32,655 shares during the period. QS Investors LLC boosted its holdings in Superior Industries International by 15.5% in the 2nd quarter. QS Investors LLC now owns 65,272 shares of the auto parts company’s stock worth $1,341,000 after buying an additional 8,736 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in Superior Industries International by 103.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 166,816 shares of the auto parts company’s stock worth $3,428,000 after buying an additional 84,681 shares during the period. Finally, Marshall Wace North America L.P. boosted its holdings in Superior Industries International by 128.6% in the 2nd quarter. Marshall Wace North America L.P. now owns 143,256 shares of the auto parts company’s stock worth $3,008,000 after buying an additional 80,583 shares during the period. 84.09% of the stock is owned by institutional investors.
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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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