Wall Street brokerages expect that Superior Industries International Inc (NYSE:SUP) will post ($0.22) earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Superior Industries International’s earnings. The highest EPS estimate is ($0.18) and the lowest is ($0.28). Superior Industries International posted earnings of ($0.29) per share during the same quarter last year, which indicates a positive year over year growth rate of 24.1%. The business is scheduled to report its next quarterly earnings report on Friday, November 8th.
According to Zacks, analysts expect that Superior Industries International will report full-year earnings of ($0.55) per share for the current fiscal year, with EPS estimates ranging from ($0.65) to ($0.49). For the next financial year, analysts expect that the firm will post earnings of ($0.08) per share, with EPS estimates ranging from ($0.20) to $0.03. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Superior Industries International.
Superior Industries International (NYSE:SUP) last issued its quarterly earnings data on Thursday, August 8th. The auto parts company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. Superior Industries International had a negative return on equity of 0.23% and a net margin of 1.15%. The company had revenue of $325.50 million during the quarter, compared to analysts’ expectations of $361.86 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The business’s revenue was down 16.3% on a year-over-year basis.
Several brokerages recently issued reports on SUP. B. Riley set a $7.00 price target on Superior Industries International and gave the company a “buy” rating in a research note on Wednesday, September 4th. TheStreet cut Superior Industries International from a “c-” rating to a “d+” rating in a research note on Tuesday, May 21st. Barrington Research reiterated an “outperform” rating and issued a $7.00 price target (down from $15.00) on shares of Superior Industries International in a research note on Monday, August 12th. ValuEngine upgraded Superior Industries International from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research cut Superior Industries International from a “hold” rating to a “sell” rating and set a $3.00 price target for the company. in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $7.00.
Shares of SUP stock traded up $0.24 during trading on Friday, hitting $3.63. The company had a trading volume of 1,322,543 shares, compared to its average volume of 428,569. 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 market capitalization of $83.93 million, a P/E ratio of -72.60 and a beta of 1.91. The stock’s 50-day moving average price is $2.65 and its 200 day moving average price is $4.09. Superior Industries International has a one year low of $2.26 and a one year high of $18.84.
In related news, Director Ellen B. Richstone purchased 18,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average cost of $2.85 per share, for a total transaction of $51,300.00. Following the completion of the purchase, the director now owns 39,132 shares in the company, valued at approximately $111,526.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company’s stock.
Several hedge funds have recently modified their holdings of SUP. Gamco Investors INC. ET AL lifted its stake in Superior Industries International by 11.8% during the first quarter. Gamco Investors INC. ET AL now owns 874,601 shares of the auto parts company’s stock worth $4,163,000 after purchasing an additional 92,000 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Superior Industries International by 12.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 718,145 shares of the auto parts company’s stock worth $2,485,000 after buying an additional 79,017 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Superior Industries International by 29.2% during the second quarter. Invesco Ltd. now owns 695,812 shares of the auto parts company’s stock worth $2,408,000 after buying an additional 157,374 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Superior Industries International by 3,761.3% during the second quarter. JPMorgan Chase & Co. now owns 532,476 shares of the auto parts company’s stock worth $1,799,000 after buying an additional 518,686 shares in the last quarter. Finally, South Dakota Investment Council increased its holdings in shares of Superior Industries International by 100.9% during the first quarter. South Dakota Investment Council now owns 335,780 shares of the auto parts company’s stock worth $1,598,000 after buying an additional 168,616 shares in the last quarter. Institutional investors and hedge funds own 71.71% 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 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.
Further Reading: Purposes and Functions of the Federal Reserve
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Superior Industries International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Industries International and related companies with MarketBeat.com's FREE daily email newsletter.