Wall Street brokerages expect that Superior Industries International Inc (NYSE:SUP) will post sales of $363.74 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Superior Industries International’s earnings, with the highest sales estimate coming in at $375.90 million and the lowest estimate coming in at $353.16 million. Superior Industries International reported sales of $389.00 million during the same quarter last year, which indicates a negative year over year growth rate of 6.5%. The business is expected to issue its next quarterly earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that Superior Industries International will report full year sales of $1.43 billion for the current year, with estimates ranging from $1.42 billion to $1.43 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.47 billion, with estimates ranging from $1.45 billion to $1.51 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Superior Industries International.

Superior Industries International (NYSE:SUP) last announced its earnings results on Thursday, May 9th. The auto parts company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.07). Superior Industries International had a net margin of 1.19% and a return on equity of 1.21%. The firm had revenue of $357.70 million during the quarter, compared to analyst estimates of $363.53 million. During the same period in the previous year, the firm posted $0.15 EPS. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year.

SUP has been the subject of a number of research analyst reports. Seaport Global Securities initiated coverage on shares of Superior Industries International in a research note on Wednesday, February 13th. They set a “neutral” rating for the company. Barrington Research set a $15.00 price objective on shares of Superior Industries International and gave the company a “buy” rating in a research note on Tuesday, March 5th. ValuEngine raised shares of Superior Industries International from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. BWS Financial reissued a “hold” rating and set a $6.00 target price (down previously from $10.00) on shares of Superior Industries International in a research report on Friday, February 8th. Finally, Zacks Investment Research downgraded shares of Superior Industries International from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.85.

Shares of NYSE SUP traded down $0.11 on Friday, reaching $4.51. 2,312 shares of the company traded hands, compared to its average volume of 410,975. Superior Industries International has a fifty-two week low of $4.28 and a fifty-two week high of $22.95. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.04 and a quick ratio of 1.15. The company has a market cap of $115.78 million, a P/E ratio of -90.40 and a beta of 2.02.

In other Superior Industries International news, Director Richard J. Giromini bought 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $4.57 per share, with a total value of $91,400.00. Following the transaction, the director now owns 22,500 shares in the company, valued at $102,825. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its holdings in Superior Industries International by 135.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,291 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 3,040 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in Superior Industries International in the 4th quarter worth approximately $32,000. Oregon Public Employees Retirement Fund purchased a new position in Superior Industries International in the 4th quarter worth approximately $42,000. Menta Capital LLC purchased a new position in shares of Superior Industries International during the 4th quarter valued at approximately $51,000. Finally, Bank of Montreal Can boosted its stake in shares of Superior Industries International by 20.3% during the 1st quarter. Bank of Montreal Can now owns 11,858 shares of the auto parts company’s stock valued at $56,000 after buying an additional 2,004 shares during the last quarter. 80.67% of the stock is owned by hedge funds and other institutional investors.

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.

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

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