Brokerages predict that Superior Industries International Inc (NYSE:SUP) will report $0.33 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for Superior Industries International’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.23. Superior Industries International reported earnings per share of $0.31 in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.5%. The firm is scheduled to announce its next earnings report on Thursday, March 1st.
On average, analysts expect that Superior Industries International will report full-year earnings of $0.91 per share for the current financial year. For the next year, analysts forecast that the company will post earnings of $1.34 per share, with EPS estimates ranging from $0.29 to $1.98. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Superior Industries International.
Superior Industries International (NYSE:SUP) last issued its quarterly earnings results on Thursday, November 9th. The auto parts company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.58). The firm 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%. The business’s revenue for the quarter was up 88.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 earnings per share.
Superior Industries International (NYSE:SUP) traded down $0.40 during trading hours on Friday, reaching $15.90. 137,218 shares of the company’s stock traded hands, compared to its average volume of 158,499. 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 stock has a market cap of $396.02, a price-to-earnings ratio of -79.50 and a beta of 0.93. Superior Industries International has a 52-week low of $13.95 and a 52-week high of $27.39.
The business also recently announced a quarterly dividend, which was paid on Friday, January 19th. Investors of record on Thursday, January 4th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Wednesday, January 3rd. Superior Industries International’s dividend payout ratio (DPR) is presently -180.00%.
In other Superior Industries International news, Director Michael Bruynesteyn acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was acquired at an average cost of $16.00 per share, for a total transaction of $32,000.00. Following the purchase, the director now owns 7,946 shares in the company, valued at approximately $127,136. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its position in shares of 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. Louisiana State Employees Retirement System bought a new position in Superior Industries International during the fourth quarter valued at approximately $149,000. Cubist Systematic Strategies LLC bought a new position in Superior Industries International during the third quarter valued at approximately $155,000. Hotchkis & Wiley Capital Management LLC bought a new position in Superior Industries International during the third quarter valued at approximately $186,000. Finally, BNP Paribas Arbitrage SA lifted its position in Superior Industries International by 43.1% during the third quarter. BNP Paribas Arbitrage SA now owns 12,983 shares of the auto parts company’s stock valued at $216,000 after purchasing an additional 3,913 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.
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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