Brokerages predict that Superior Industries International Inc (NYSE:SUP) will announce $372.91 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Superior Industries International’s earnings. The highest sales estimate is $412.00 million and the lowest is $332.30 million. Superior Industries International reported sales of $386.40 million during the same quarter last year, which indicates a negative year-over-year growth rate of 3.5%. The firm is scheduled to report its next earnings report on Wednesday, May 8th.

On average, analysts expect that Superior Industries International will report full year sales of $1.43 billion for the current fiscal year, with estimates ranging from $1.42 billion to $1.45 billion. For the next year, analysts anticipate that the business will post sales of $1.51 billion, with estimates ranging from $1.45 billion to $1.61 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Superior Industries International.

Superior Industries International (NYSE:SUP) last released its earnings results on Thursday, March 7th. The auto parts company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.04. Superior Industries International had a net margin of 1.72% and a return on equity of 3.46%. The business had revenue of $378.80 million during the quarter, compared to analyst estimates of $372.88 million. During the same period in the prior year, the business earned ($0.50) earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis.

SUP has been the subject of several recent research reports. BWS Financial reissued a “hold” rating and set a $6.00 target price (down from $10.00) on shares of Superior Industries International in a research note on Friday, February 8th. Barrington Research set a $15.00 price target on shares of Superior Industries International and gave the company a “buy” rating in a research report on Tuesday, March 5th. Zacks Investment Research upgraded shares of Superior Industries International from a “sell” rating to a “buy” rating and set a $6.25 price target for the company in a research report on Tuesday, January 15th. Buckingham Research upgraded shares of Superior Industries International from a “neutral” rating to a “buy” rating and reduced their price target for the company from $19.00 to $12.00 in a research report on Wednesday, November 14th. Finally, TheStreet downgraded shares of Superior Industries International from a “c-” rating to a “d+” rating in a research report on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Superior Industries International has a consensus rating of “Hold” and an average target price of $11.85.

A number of institutional investors have recently added to or reduced their stakes in SUP. Bank of Montreal Can grew its stake in Superior Industries International by 753.9% in the 3rd quarter. Bank of Montreal Can now owns 9,222 shares of the auto parts company’s stock valued at $157,000 after buying an additional 8,142 shares during the last quarter. Strs Ohio acquired a new position in Superior Industries International in the 3rd quarter valued at $304,000. First Trust Advisors LP grew its stake in Superior Industries International by 32.7% in the 3rd quarter. First Trust Advisors LP now owns 34,960 shares of the auto parts company’s stock valued at $596,000 after buying an additional 8,605 shares during the last quarter. Wells Fargo & Company MN grew its stake in Superior Industries International by 85.1% in the 3rd quarter. Wells Fargo & Company MN now owns 168,433 shares of the auto parts company’s stock valued at $2,871,000 after buying an additional 77,415 shares during the last quarter. Finally, Prudential Financial Inc. grew its stake in Superior Industries International by 55.9% in the 3rd quarter. Prudential Financial Inc. now owns 259,336 shares of the auto parts company’s stock valued at $4,422,000 after buying an additional 93,000 shares during the last quarter. Hedge funds and other institutional investors own 84.12% of the company’s stock.

SUP stock traded down $0.37 on Monday, hitting $4.79. 649,561 shares of the company’s stock traded hands, compared to its average volume of 420,957. Superior Industries International has a 1-year low of $4.36 and a 1-year high of $22.95. The firm has a market cap of $129.10 million, a PE ratio of -95.80 and a beta of 2.06. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.08 and a quick ratio of 1.09.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $0.36 annualized dividend and a yield of 7.52%. Superior Industries International’s dividend payout ratio is presently -720.00%.

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.

Read More: Systematic Risk

Get a free copy of the Zacks research report on Superior Industries International (SUP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.