Brokerages Expect Superior Industries International, Inc. (SUP) Will Announce Earnings of $0.18 Per Share

Equities analysts expect that Superior Industries International, Inc. (NYSE:SUP) will report earnings of $0.18 per share for the current quarter, according to Zacks. Three analysts have made estimates for Superior Industries International’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.29. Superior Industries International posted earnings of $0.37 per share during the same quarter last year, which would suggest a negative year over year growth rate of 51.4%. The business is scheduled to report its next earnings results on Friday, August 3rd.

On average, analysts expect that Superior Industries International will report full year earnings of $0.48 per share for the current year, with EPS estimates ranging from $0.46 to $0.49. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.24 per share, with EPS estimates ranging from $0.93 to $1.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Superior Industries International.

Superior Industries International (NYSE:SUP) last released its earnings results on Wednesday, May 9th. The auto parts company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.11. The firm had revenue of $386.40 million during the quarter, compared to analysts’ expectations of $350.22 million. Superior Industries International had a net margin of 0.08% and a return on equity of 10.40%. Superior Industries International’s revenue for the quarter was up 121.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 EPS.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Superior Industries International from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Wednesday. ValuEngine upgraded shares of Superior Industries International from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 9th. Finally, Barrington Research set a $27.00 price target on shares of Superior Industries International and gave the company a “buy” rating in a report on Monday, May 7th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $22.80.

SUP stock opened at $17.25 on Friday. The company has a market capitalization of $425.10 million, a price-to-earnings ratio of 15.68 and a beta of 1.16. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.15 and a quick ratio of 1.27. Superior Industries International has a one year low of $16.90 and a one year high of $17.30.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 19th. Shareholders of record on Thursday, April 5th were issued a $0.09 dividend. The ex-dividend date was Wednesday, April 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.09%. Superior Industries International’s dividend payout ratio (DPR) is presently 32.73%.

In related news, SVP Shawn Pallagi purchased 10,000 shares of the firm’s stock in a transaction on Thursday, March 29th. The shares were bought at an average price of $13.70 per share, for a total transaction of $137,000.00. Following the acquisition, the senior vice president now directly owns 24,201 shares in the company, valued at $331,553.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Superior Industries International by 307.1% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 285,000 shares of the auto parts company’s stock valued at $4,232,000 after acquiring an additional 215,000 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Superior Industries International by 39.3% during the 3rd quarter. California Public Employees Retirement System now owns 50,567 shares of the auto parts company’s stock valued at $842,000 after acquiring an additional 14,267 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Superior Industries International by 13.6% during the 4th quarter. OppenheimerFunds Inc. now owns 39,300 shares of the auto parts company’s stock valued at $584,000 after acquiring an additional 4,706 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Superior Industries International by 35.3% during the 3rd quarter. Wells Fargo & Company MN now owns 77,060 shares of the auto parts company’s stock valued at $1,283,000 after acquiring an additional 20,103 shares in the last quarter. Finally, Chartwell Investment Partners LLC lifted its holdings in shares of Superior Industries International by 16.6% during the 4th quarter. Chartwell Investment Partners LLC now owns 828,520 shares of the auto parts company’s stock valued at $12,304,000 after acquiring an additional 118,225 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

About Superior Industries International

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

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