Analysts predict that Superior Industries International Inc (NYSE:SUP) will report ($0.08) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Superior Industries International’s earnings. Superior Industries International posted earnings of ($0.02) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 300%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 8th.
According to Zacks, analysts expect that Superior Industries International will report full year earnings of $0.36 per share for the current year, with EPS estimates ranging from $0.25 to $0.47. For the next financial year, analysts expect that the firm will post earnings of $0.87 per share, with EPS estimates ranging from $0.77 to $0.96. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Superior Industries International.
Superior Industries International (NYSE:SUP) last announced its quarterly earnings results on Wednesday, August 8th. The auto parts company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.11. The company had revenue of $389.00 million during the quarter, compared to analyst estimates of $381.14 million. Superior Industries International had a return on equity of 10.77% and a net margin of 1.12%. The firm’s revenue was up 61.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.41) earnings per share.
Several equities research analysts have commented on SUP shares. Zacks Investment Research lowered Superior Industries International from a “buy” rating to a “hold” rating in a research note on Thursday, May 31st. ValuEngine upgraded Superior Industries International from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. Barrington Research restated a “buy” rating and set a $27.00 price target on shares of Superior Industries International in a research note on Monday, August 6th. Finally, Buckingham Research upped their price target on Superior Industries International from $18.00 to $24.00 and gave the stock a “neutral” rating in a research note on Monday, August 13th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $23.75.
Shares of NYSE:SUP opened at $18.40 on Friday. The stock has a market cap of $459.10 million, a price-to-earnings ratio of 16.73 and a beta of 1.30. The company has a quick ratio of 1.31, a current ratio of 2.33 and a debt-to-equity ratio of 1.59. Superior Industries International has a 12 month low of $12.70 and a 12 month high of $22.95.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 19th. Stockholders of record on Friday, October 5th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, October 4th. Superior Industries International’s payout ratio is 32.73%.
In other news, insider Parveen Kakar sold 4,500 shares of the company’s stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of $19.39, for a total value of $87,255.00. Following the completion of the sale, the insider now owns 27,511 shares of the company’s stock, valued at $533,438.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Superior Industries International by 6.6% in the second quarter. BlackRock Inc. now owns 3,374,743 shares of the auto parts company’s stock worth $60,407,000 after buying an additional 208,506 shares during the period. Northern Trust Corp boosted its position in shares of Superior Industries International by 0.9% in the first quarter. Northern Trust Corp now owns 1,201,959 shares of the auto parts company’s stock worth $15,987,000 after buying an additional 11,060 shares during the period. Bank of America Corp DE boosted its holdings in Superior Industries International by 6.1% in the second quarter. Bank of America Corp DE now owns 738,138 shares of the auto parts company’s stock valued at $13,212,000 after purchasing an additional 42,613 shares during the last quarter. D.C. Capital Advisors Ltd boosted its holdings in Superior Industries International by 66.7% in the first quarter. D.C. Capital Advisors Ltd now owns 500,000 shares of the auto parts company’s stock valued at $6,650,000 after purchasing an additional 200,000 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Superior Industries International by 8.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 377,836 shares of the auto parts company’s stock valued at $6,764,000 after purchasing an additional 30,316 shares during the last quarter. 84.54% of the stock is owned by institutional investors.
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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