Wall Street brokerages forecast that Superior Industries International Inc (NYSE:SUP) will report $339.43 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Superior Industries International’s earnings, with the lowest sales estimate coming in at $323.27 million and the highest estimate coming in at $349.67 million. Superior Industries International posted sales of $347.60 million in the same quarter last year, which suggests a negative year over year growth rate of 2.4%. The company is expected to issue its next quarterly earnings results on Friday, November 8th.

According to Zacks, analysts expect that Superior Industries International will report full-year sales of $1.41 billion for the current fiscal year, with estimates ranging from $1.39 billion to $1.42 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.45 billion, with estimates ranging from $1.41 billion to $1.48 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Superior Industries International.

Superior Industries International (NYSE:SUP) last announced its quarterly earnings results 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. The business had revenue of $325.50 million for the quarter, compared to analyst estimates of $361.86 million. Superior Industries International had a net margin of 1.15% and a negative return on equity of 0.23%. The company’s revenue was down 16.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS.

A number of equities research analysts have recently weighed in on the stock. ValuEngine raised shares of Superior Industries International from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. TheStreet lowered shares of Superior Industries International from a “c-” rating to a “d+” rating in a research note on Tuesday, May 21st. Zacks Investment Research lowered shares of Superior Industries International from a “hold” rating to a “sell” rating and set a $3.00 target price on the stock. in a research note on Tuesday, August 13th. Barrington Research reaffirmed an “outperform” rating and set a $7.00 target price (down previously from $15.00) on shares of Superior Industries International in a research note on Monday, August 12th. Finally, B. Riley set a $7.00 target price on shares of Superior Industries International and gave the company a “buy” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Superior Industries International currently has a consensus rating of “Hold” and an average price target of $7.00.

Shares of SUP traded up $0.24 during trading hours on Monday, reaching $3.63. 1,322,543 shares of the company traded hands, compared to its average volume of 428,569. The company’s fifty day moving average price is $2.65 and its two-hundred day moving average price is $4.09. The company has a market capitalization of $83.93 million, a price-to-earnings ratio of -72.60 and a beta of 1.91. The company has a quick ratio of 1.02, a current ratio of 1.90 and a debt-to-equity ratio of 1.66. Superior Industries International has a 12 month low of $2.26 and a 12 month high of $18.84.

In other Superior Industries International news, Director Ellen B. Richstone acquired 18,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $2.85 per share, with a total value of $51,300.00. Following the completion of the purchase, the director now directly owns 39,132 shares of the company’s stock, valued at approximately $111,526.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Mackenzie Financial Corp bought a new stake in Superior Industries International during the second quarter worth about $101,000. Jane Street Group LLC purchased a new position in Superior Industries International in the second quarter worth about $413,000. D. E. Shaw & Co. Inc. raised its holdings in Superior Industries International by 24.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 63,211 shares of the auto parts company’s stock worth $219,000 after buying an additional 12,385 shares during the last quarter. Jefferies Group LLC purchased a new position in Superior Industries International in the second quarter worth about $63,000. Finally, Marshall Wace LLP raised its holdings in Superior Industries International by 168.2% in the second quarter. Marshall Wace LLP now owns 112,074 shares of the auto parts company’s stock worth $388,000 after buying an additional 70,290 shares during the last quarter. 71.71% of the stock is currently owned by institutional investors and hedge funds.

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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