Superior Industries International Inc (SUP) Expected to Announce Earnings of -$0.15 Per Share

Wall Street brokerages expect Superior Industries International Inc (NYSE:SUP) to post ($0.15) earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have issued estimates for Superior Industries International’s earnings, with estimates ranging from ($0.22) to ($0.10). Superior Industries International reported earnings per share of $0.15 in the same quarter last year, which suggests a negative year-over-year growth rate of 200%. The company is scheduled to issue its next earnings report on Wednesday, May 8th.

According to Zacks, analysts expect that Superior Industries International will report full year earnings of ($0.38) per share for the current financial year, with EPS estimates ranging from ($0.46) to ($0.28). For the next year, analysts anticipate that the firm will post earnings of ($0.02) per share, with EPS estimates ranging from ($0.17) to $0.17. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Superior Industries International.

Superior Industries International (NYSE:SUP) last announced its earnings results on Thursday, March 7th. The auto parts company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.04. The business had revenue of $378.80 million for the quarter, compared to the consensus estimate of $372.88 million. Superior Industries International had a return on equity of 3.46% and a net margin of 1.72%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted ($0.50) EPS.

A number of research firms recently issued reports on SUP. Seaport Global Securities began coverage on Superior Industries International in a research report on Wednesday, February 13th. They set a “neutral” rating for the company. Barrington Research set a $15.00 price objective on Superior Industries International and gave the company a “buy” rating in a research report on Tuesday, March 5th. ValuEngine upgraded Superior Industries International from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. BWS Financial restated a “hold” rating and set a $6.00 price objective (down previously from $10.00) on shares of Superior Industries International in a research report on Friday, February 8th. Finally, Zacks Investment Research upgraded Superior Industries International from a “sell” rating to a “buy” rating and set a $6.25 price objective for the company in a research report on Tuesday, January 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $11.85.

Shares of NYSE:SUP traded down $0.08 during mid-day trading on Tuesday, hitting $5.88. 253,951 shares of the company traded hands, compared to its average volume of 436,308. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.09 and a current ratio of 2.08. Superior Industries International has a 52-week low of $4.28 and a 52-week high of $22.95. The company has a market cap of $145.11 million, a P/E ratio of -117.60 and a beta of 2.02.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 6.12%. Superior Industries International’s dividend payout ratio is currently -720.00%.

A number of hedge funds have recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan bought a new stake in shares of Superior Industries International during the fourth quarter worth approximately $32,000. Oregon Public Employees Retirement Fund bought a new stake in Superior Industries International during the fourth quarter valued at $42,000. Menta Capital LLC bought a new stake in Superior Industries International during the fourth quarter valued at $51,000. Nisa Investment Advisors LLC bought a new stake in Superior Industries International during the fourth quarter valued at $64,000. Finally, Magnus Financial Group LLC bought a new stake in Superior Industries International during the fourth quarter valued at $75,000. Institutional investors own 84.69% of the company’s stock.

Superior Industries International Company Profile

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

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