Brokerages expect Superior Industries International Inc (NYSE:SUP) to announce $337.18 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Superior Industries International’s earnings, with the highest sales estimate coming in at $349.67 million and the lowest estimate coming in at $323.27 million. Superior Industries International reported sales of $347.60 million in the same quarter last year, which indicates a negative year over year growth rate of 3%. The company is expected to issue its next earnings report on Friday, November 8th.
According to Zacks, analysts expect that Superior Industries International will report full year sales of $1.41 billion for the current financial year, with estimates ranging from $1.39 billion to $1.42 billion. For the next year, analysts forecast that the business will report sales of $1.46 billion, with estimates ranging from $1.41 billion to $1.51 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Superior Industries International.
Superior Industries International (NYSE:SUP) last released its quarterly earnings data on Thursday, August 8th. The auto parts company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The business had revenue of $325.50 million during the quarter, compared to analyst estimates of $361.86 million. Superior Industries International had a negative return on equity of 0.23% and a net margin of 1.15%. The company’s revenue was down 16.3% compared to the same quarter last year. During the same period last year, the company posted $0.25 EPS.
Several equities research analysts have recently weighed in on the company. TheStreet lowered Superior Industries International from a “c-” rating to a “d+” rating in a research note on Tuesday, May 21st. B. Riley set a $9.00 target price on Superior Industries International and gave the company a “buy” rating in a report on Friday, August 9th. Zacks Investment Research lowered Superior Industries International from a “hold” rating to a “sell” rating and set a $3.00 target price for the company. in a report on Tuesday, August 13th. Barrington Research restated an “outperform” rating and issued a $7.00 target price (down previously from $15.00) on shares of Superior Industries International in a report on Monday, August 12th. Finally, ValuEngine upgraded Superior Industries International from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.40.
In other Superior Industries International news, Director Ellen B. Richstone bought 18,000 shares of Superior Industries International stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $2.85 per share, for a total transaction of $51,300.00. Following the completion of the acquisition, the director now directly owns 39,132 shares of the company’s stock, valued at $111,526.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its holdings in shares of Superior Industries International by 135.1% during the first quarter. BNP Paribas Arbitrage SA now owns 5,291 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 3,040 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in Superior Industries International during the fourth quarter valued at about $32,000. SeaCrest Wealth Management LLC bought a new position in Superior Industries International during the second quarter valued at about $35,000. A.R.T. Advisors LLC bought a new position in Superior Industries International during the second quarter valued at about $46,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Superior Industries International during the second quarter valued at about $55,000. Institutional investors own 75.32% of the company’s stock.
Shares of SUP traded down $0.07 during trading hours on Friday, hitting $2.41. 313,872 shares of the company were exchanged, compared to its average volume of 300,257. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.02 and a current ratio of 1.90. The firm has a fifty day simple moving average of $2.74 and a 200-day simple moving average of $4.32. Superior Industries International has a one year low of $2.26 and a one year high of $22.75.
About Superior Industries International
Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America and Europe. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names.
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