Analysts Expect Superior Industries International Inc (SUP) Will Announce Earnings of $0.06 Per Share

Wall Street analysts expect Superior Industries International Inc (NYSE:SUP) to report $0.06 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Superior Industries International’s earnings. The highest EPS estimate is $0.07 and the lowest is $0.04. Superior Industries International posted earnings per share of $0.31 in the same quarter last year, which indicates a negative year-over-year growth rate of 80.6%. The business is expected to report its next quarterly earnings report on Wednesday, April 25th.

On average, analysts expect that Superior Industries International will report full year earnings of $0.45 per share for the current financial year, with EPS estimates ranging from $0.41 to $0.49. For the next financial year, analysts forecast that the business will report earnings of $1.22 per share, with EPS estimates ranging from $0.89 to $1.55. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Superior Industries International.

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Superior Industries International (NYSE:SUP) last issued its quarterly earnings results on Thursday, March 15th. The auto parts company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.14. The business had revenue of $361.80 million for the quarter, compared to analyst estimates of $362.13 million. Superior Industries International had a positive return on equity of 9.79% and a negative net margin of 0.56%. Superior Industries International’s quarterly revenue was up 92.1% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share.

A number of analysts recently commented on SUP shares. Barrington Research started coverage on Superior Industries International in a report on Tuesday, January 9th. They set an “outperform” rating and a $27.00 price target on the stock. Zacks Investment Research upgraded Superior Industries International from a “sell” rating to a “hold” rating in a report on Monday, January 15th. Finally, ValuEngine lowered Superior Industries International from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $23.75.

Shares of Superior Industries International stock opened at $14.25 on Friday. The firm has a market cap of $354.93, a P/E ratio of 12.95 and a beta of 1.15. Superior Industries International has a 12 month low of $12.70 and a 12 month high of $24.85. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.25 and a current ratio of 2.14.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Thursday, April 5th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, April 4th. This represents a $0.36 annualized dividend and a dividend yield of 2.53%. Superior Industries International’s payout ratio is presently 32.73%.

In other news, SVP Shawn Pallagi bought 10,000 shares of the stock in a transaction on Thursday, March 29th. The shares were purchased at an average cost of $13.70 per share, for a total transaction of $137,000.00. Following the completion of the purchase, the senior vice president now directly owns 24,201 shares in the company, valued at approximately $331,553.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC bought a new stake in shares of Superior Industries International in the fourth quarter valued at $187,000. Municipal Employees Retirement System of Michigan raised its stake in shares of Superior Industries International by 61.4% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 44,700 shares of the auto parts company’s stock valued at $663,000 after buying an additional 17,010 shares during the period. Millennium Management LLC raised its stake in shares of Superior Industries International by 106.6% in the fourth quarter. Millennium Management LLC now owns 255,815 shares of the auto parts company’s stock valued at $3,799,000 after buying an additional 132,008 shares during the period. Stone Ridge Asset Management LLC bought a new stake in shares of Superior Industries International in the fourth quarter valued at $237,000. Finally, Guggenheim Capital LLC raised its stake in shares of Superior Industries International by 279.8% in the fourth quarter. Guggenheim Capital LLC now owns 160,435 shares of the auto parts company’s stock valued at $2,380,000 after buying an additional 118,197 shares during the period. Hedge funds and other institutional investors own 88.52% of the company’s stock.

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Superior Industries International Company Profile

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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Earnings History and Estimates for Superior Industries International (NYSE:SUP)

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