Zacks: Brokerages Expect Superior Industries International Inc (NYSE:SUP) Will Announce Quarterly Sales of $338.72 Million

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Equities research analysts forecast that Superior Industries International Inc (NYSE:SUP) will post sales of $338.72 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Superior Industries International’s earnings. The lowest sales estimate is $329.57 million and the highest is $352.80 million. Superior Industries International reported sales of $378.80 million during the same quarter last year, which indicates a negative year-over-year growth rate of 10.6%. The company is expected to report its next quarterly earnings results on Thursday, March 5th.

According to Zacks, analysts expect that Superior Industries International will report full-year sales of $1.40 billion for the current year, with estimates ranging from $1.39 billion to $1.42 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.43 billion, with estimates ranging from $1.42 billion to $1.45 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Superior Industries International.

Superior Industries International (NYSE:SUP) last released its earnings results on Monday, November 4th. The auto parts company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.14. The company had revenue of $352.00 million during the quarter, compared to analyst estimates of $336.93 million. Superior Industries International had a return on equity of 0.94% and a net margin of 0.74%. Superior Industries International’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.37) earnings per share.

SUP has been the subject of several recent analyst reports. ValuEngine raised Superior Industries International from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. Zacks Investment Research lowered Superior Industries International from a “hold” rating to a “sell” rating and set a $3.25 target price for the company. in a report on Monday, October 14th. BWS Financial set a $6.00 target price on Superior Industries International and gave the company a “hold” rating in a report on Tuesday, September 24th. Finally, B. Riley set a $7.00 target price on Superior Industries International and gave the company a “buy” rating in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $5.81.

Shares of SUP stock traded down $0.02 during trading on Tuesday, hitting $3.26. The company’s stock had a trading volume of 374,457 shares, compared to its average volume of 412,342. The company has a market cap of $84.28 million, a PE ratio of -65.20 and a beta of 1.90. The company has a current ratio of 1.83, a quick ratio of 1.02 and a debt-to-equity ratio of 1.82. The business has a fifty day moving average of $2.94 and a 200-day moving average of $3.04. Superior Industries International has a 52 week low of $2.26 and a 52 week high of $7.30.

Hedge funds have recently bought and sold shares of the company. Millennium Management LLC increased its holdings in Superior Industries International by 1,265.3% in the 3rd quarter. Millennium Management LLC now owns 1,024,011 shares of the auto parts company’s stock worth $2,959,000 after acquiring an additional 949,011 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Superior Industries International by 3,761.3% in the second quarter. JPMorgan Chase & Co. now owns 532,476 shares of the auto parts company’s stock worth $1,799,000 after purchasing an additional 518,686 shares in the last quarter. Paloma Partners Management Co increased its stake in shares of Superior Industries International by 801.3% in the second quarter. Paloma Partners Management Co now owns 211,778 shares of the auto parts company’s stock worth $733,000 after purchasing an additional 188,280 shares in the last quarter. Invesco Ltd. raised its position in shares of Superior Industries International by 29.2% in the second quarter. Invesco Ltd. now owns 695,812 shares of the auto parts company’s stock valued at $2,408,000 after purchasing an additional 157,374 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Superior Industries International in the second quarter valued at approximately $521,000. Institutional investors own 56.92% 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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