Wall Street analysts expect Superior Industries International Inc (NYSE:SUP) to post $369.13 million in sales 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 $373.50 million and the lowest estimate coming in at $361.80 million. Superior Industries International posted sales of $361.80 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2%. The firm is expected to announce its next earnings report on Thursday, March 21st.
On average, analysts expect that Superior Industries International will report full year sales of $1.50 billion for the current year. For the next financial year, analysts expect that the company will report sales of $1.51 billion, with estimates ranging from $1.50 billion to $1.53 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Superior Industries International.
Superior Industries International (NYSE:SUP) last announced its quarterly earnings data on Friday, November 9th. The auto parts company reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.06. The business had revenue of $347.60 million for the quarter, compared to analysts’ expectations of $346.65 million. Superior Industries International had a return on equity of 9.82% and a net margin of 0.88%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.22) earnings per share.
Several brokerages have recently issued reports on SUP. ValuEngine cut Superior Industries International from a “sell” rating to a “strong sell” rating in a research note on Friday, October 26th. B. Riley reduced their price objective on Superior Industries International from $33.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, October 25th. Barrington Research set a $15.00 price objective on Superior Industries International and gave the company a “buy” rating in a research note on Tuesday, November 6th. Buckingham Research increased their price objective on Superior Industries International from $18.00 to $24.00 and gave the company a “neutral” rating in a research note on Monday, August 13th. Finally, TheStreet cut Superior Industries International from a “c-” rating to a “d+” rating in a research note on Wednesday, November 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Superior Industries International currently has a consensus rating of “Hold” and a consensus target price of $15.20.
In other Superior Industries International news, SVP Joanne M. Finnorn purchased 3,400 shares of the business’s stock in a transaction on Tuesday, November 13th. The shares were bought at an average cost of $7.50 per share, for a total transaction of $25,500.00. Following the completion of the purchase, the senior vice president now directly owns 34,201 shares in the company, valued at $256,507.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy C. Mcquay purchased 6,000 shares of the business’s stock in a transaction on Monday, November 19th. The stock was acquired at an average price of $8.18 per share, for a total transaction of $49,080.00. Following the completion of the purchase, the director now owns 25,228 shares of the company’s stock, valued at $206,365.04. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 103,683 shares of company stock worth $838,030. 1.50% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Superior Industries International in the second quarter valued at $150,000. Bank of Montreal Can raised its stake in Superior Industries International by 753.9% in the third quarter. Bank of Montreal Can now owns 9,222 shares of the auto parts company’s stock valued at $157,000 after buying an additional 8,142 shares in the last quarter. Ibex Investors LLC acquired a new stake in Superior Industries International in the third quarter valued at $194,000. Dynamic Technology Lab Private Ltd acquired a new stake in Superior Industries International in the second quarter valued at $215,000. Finally, Trexquant Investment LP acquired a new stake in Superior Industries International in the second quarter valued at $235,000. Institutional investors own 83.64% of the company’s stock.
Shares of NYSE SUP opened at $6.42 on Friday. The firm has a market capitalization of $173.63 million, a PE ratio of 5.84 and a beta of 1.76. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.14 and a current ratio of 2.19. Superior Industries International has a 12-month low of $6.34 and a 12-month high of $22.95.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 18th. Shareholders of record on Friday, January 4th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date of this dividend is Thursday, January 3rd. Superior Industries International’s dividend payout ratio is presently 32.73%.
Superior Industries International Company Profile
Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company was founded in 1957 and is headquartered in Southfield, Michigan.
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