Superior Group of Companies (NASDAQ:SGC) Issues Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Posted by Latisha Jones on Aug 7th, 2024

Superior Group of Companies (NASDAQ:SGC – Get Free Report) posted its earnings results on Tuesday. The textile maker reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.06), Yahoo Finance reports. Superior Group of Companies had a return on equity of 6.00% and a net margin of 2.14%. The business had revenue of $131.74 million for the quarter, compared to the consensus estimate of $136.60 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. Superior Group of Companies updated its FY 2024 guidance to 0.730-0.790 EPS.

Superior Group of Companies Stock Down 30.7 %

Shares of SGC traded down $5.39 during midday trading on Wednesday, hitting $12.15. The stock had a trading volume of 337,218 shares, compared to its average volume of 95,857. The firm has a market cap of $203.45 million, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 2.49 and a beta of 1.46. The company has a 50 day simple moving average of $19.49 and a two-hundred day simple moving average of $17.26. Superior Group of Companies has a twelve month low of $7.36 and a twelve month high of $21.80. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.03 and a quick ratio of 1.98.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. DA Davidson reiterated a “buy” rating and set a $24.00 price objective on shares of Superior Group of Companies in a report on Monday, June 24th. Barrington Research restated an “outperform” rating and set a $22.00 target price on shares of Superior Group of Companies in a report on Tuesday, May 28th.

Check Out Our Latest Report on Superior Group of Companies

About Superior Group of Companies

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Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.