Brokerages forecast that Superior Industries International Inc (NYSE:SUP) will post $363.79 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Superior Industries International’s earnings, with the lowest sales estimate coming in at $360.00 million and the highest estimate coming in at $369.08 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 93.2%. The firm is scheduled to announce its next quarterly earnings results 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 fiscal year, analysts anticipate that the company will report 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 a mean average based on a survey of sell-side research firms that that provide coverage for Superior Industries International.

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

Several research firms have recently weighed in on SUP. Zacks Investment Research upgraded shares of Superior Industries International from a “strong sell” rating to a “hold” rating in a report on Monday, October 9th. Barrington Research assumed coverage on shares of Superior Industries International in a report on Tuesday, January 9th. They issued an “outperform” rating and a $27.00 price target for the company. Finally, B. Riley restated a “buy” rating and issued a $25.00 price target on shares of Superior Industries International in a report on Monday, November 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Superior Industries International presently has a consensus rating of “Hold” and an average price target of $23.75.

Superior Industries International (NYSE SUP) opened at $17.45 on Friday. The stock 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 52 week low of $13.95 and a 52 week high of $27.39. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Thursday, January 4th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Wednesday, January 3rd. Superior Industries International’s dividend payout ratio is currently -180.00%.

In related news, Director Michael Bruynesteyn acquired 2,000 shares of the stock in a transaction on Wednesday, November 22nd. The shares were acquired at an average price of $16.00 per share, with a total value of $32,000.00. Following the completion of the transaction, the director now owns 7,946 shares in the company, valued at approximately $127,136. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of SUP. PNC Financial Services Group Inc. raised its position in shares of Superior Industries International by 1.2% in the second quarter. PNC Financial Services Group Inc. now owns 5,616 shares of the auto parts company’s stock valued at $115,000 after purchasing an additional 69 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of Superior Industries International in the fourth quarter valued at approximately $149,000. Cubist Systematic Strategies LLC purchased a new position in Superior Industries International during the third quarter valued at approximately $155,000. BNP Paribas Arbitrage SA grew its stake in 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 valued at $186,000 after acquiring an additional 3,094 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in Superior Industries International during the third quarter valued at approximately $186,000. 84.19% of the stock is currently 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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