Analysts Anticipate Superior Industries International Inc (SUP) Will Post Earnings of -$0.05 Per Share

Wall Street analysts expect Superior Industries International Inc (NYSE:SUP) to report earnings per share of ($0.05) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Superior Industries International’s earnings, with the highest EPS estimate coming in at $0.07 and the lowest estimate coming in at ($0.26). Superior Industries International reported earnings of $0.31 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 116.1%. The business is expected to announce its next earnings results on Wednesday, April 25th.

On average, analysts expect that Superior Industries International will report full-year earnings of $0.04 per share for the current year, with EPS estimates ranging from ($0.79) to $0.49. For the next financial year, analysts expect that the business will report earnings of $1.22 per share, with EPS estimates ranging from $0.89 to $1.55. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Superior Industries International.

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Superior Industries International (NYSE:SUP) last announced its earnings results on Thursday, March 15th. The auto parts company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.14. Superior Industries International had a negative net margin of 0.56% and a positive return on equity of 9.79%. The business had revenue of $361.80 million for the quarter, compared to the consensus estimate of $362.13 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. The business’s revenue for the quarter was up 92.1% on a year-over-year basis.

SUP has been the topic of several recent analyst reports. Barrington Research initiated coverage on shares of Superior Industries International in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $27.00 target price on the stock. Zacks Investment Research raised shares of Superior Industries International from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $23.75.

Shares of NYSE:SUP traded down $0.20 during midday trading on Tuesday, hitting $13.30. The stock had a trading volume of 502,190 shares, compared to its average volume of 241,954. Superior Industries International has a 1 year low of $13.25 and a 1 year high of $25.90. The company has a market cap of $331.26, a P/E ratio of 12.09 and a beta of 1.03. The company has a current ratio of 2.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.52.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Thursday, April 5th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Wednesday, April 4th. Superior Industries International’s dividend payout ratio is currently 32.73%.

Several institutional investors and hedge funds have recently made changes to their positions in SUP. ArrowMark Colorado Holdings LLC raised its stake in shares of Superior Industries International by 307.1% in the fourth 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 during the period. Citadel Advisors LLC increased its stake in Superior Industries International by 90.0% in the 3rd quarter. Citadel Advisors LLC now owns 288,401 shares of the auto parts company’s stock worth $4,802,000 after buying an additional 136,591 shares during the period. Millennium Management LLC increased its stake in Superior Industries International by 106.6% in the 4th quarter. Millennium Management LLC now owns 255,815 shares of the auto parts company’s stock worth $3,799,000 after buying an additional 132,008 shares during the period. Chartwell Investment Partners LLC increased its stake in Superior Industries International by 16.6% in the 4th quarter. Chartwell Investment Partners LLC now owns 828,520 shares of the auto parts company’s stock worth $12,304,000 after buying an additional 118,225 shares during the period. Finally, Guggenheim Capital LLC increased its stake in Superior Industries International by 279.8% in the 4th quarter. Guggenheim Capital LLC now owns 160,435 shares of the auto parts company’s stock worth $2,380,000 after buying an additional 118,197 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

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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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