Wall Street analysts expect that Superior Industries International Inc (NYSE:SUP) will post ($0.35) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Superior Industries International’s earnings. Superior Industries International posted earnings per share of ($0.16) in the same quarter last year, which would indicate a negative year over year growth rate of 118.8%. The business is expected to issue its next earnings report on Thursday, March 5th.
On average, analysts expect that Superior Industries International will report full year earnings of ($0.71) per share for the current fiscal year. For the next fiscal year, analysts forecast that the company will report earnings of ($0.22) per share, with EPS estimates ranging from ($0.31) to ($0.13). Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Superior Industries International.
SUP has been the subject of several recent analyst reports. ValuEngine raised shares of Superior Industries International from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Benchmark initiated coverage on shares of Superior Industries International in a research report on Thursday, January 9th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $5.81.
Several hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in shares of Superior Industries International during the 4th quarter worth approximately $1,236,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Superior Industries International by 15.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 106,238 shares of the auto parts company’s stock valued at $392,000 after purchasing an additional 14,253 shares during the period. Charles Schwab Investment Management Inc. grew its position in Superior Industries International by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 963,923 shares of the auto parts company’s stock valued at $3,557,000 after purchasing an additional 100,324 shares during the period. Acadian Asset Management LLC grew its position in Superior Industries International by 11.1% in the 4th quarter. Acadian Asset Management LLC now owns 116,992 shares of the auto parts company’s stock valued at $432,000 after purchasing an additional 11,642 shares during the period. Finally, Advisory Services Network LLC grew its position in Superior Industries International by 20.1% in the 4th quarter. Advisory Services Network LLC now owns 26,180 shares of the auto parts company’s stock valued at $97,000 after purchasing an additional 4,375 shares during the period. 56.83% of the stock is owned by institutional investors.
Shares of SUP stock opened at $3.03 on Friday. The company has a market cap of $79.40 million, a price-to-earnings ratio of -12.62 and a beta of 2.03. Superior Industries International has a 52 week low of $2.26 and a 52 week high of $7.30. The company has a quick ratio of 1.02, a current ratio of 1.83 and a debt-to-equity ratio of 1.82. The firm has a 50 day moving average of $3.39 and a 200-day moving average of $3.04.
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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