Sidoti Csr Issues Pessimistic Forecast for SGC Earnings

Superior Group of Companies, Inc. (NASDAQ:SGC) – Stock analysts at Sidoti Csr lowered their FY2025 earnings per share estimates for Superior Group of Companies in a research note issued to investors on Wednesday, March 12th. Sidoti Csr analyst J. Sidoti now expects that the textile maker will post earnings per share of $0.78 for the year, down from their previous forecast of $0.97. The consensus estimate for Superior Group of Companies’ current full-year earnings is $0.77 per share.

A number of other research analysts have also recently weighed in on the company. StockNews.com cut Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Barrington Research reduced their target price on Superior Group of Companies from $21.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, DA Davidson reduced their target price on Superior Group of Companies from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday.

Superior Group of Companies Price Performance

Shares of Superior Group of Companies stock opened at $11.15 on Friday. Superior Group of Companies has a twelve month low of $10.66 and a twelve month high of $21.80. The stock has a market capitalization of $182.20 million, a P/E ratio of 13.43, a PEG ratio of 1.52 and a beta of 1.55. The company has a current ratio of 2.86, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39. The business’s fifty day moving average price is $14.92 and its 200 day moving average price is $15.41.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data on Tuesday, March 11th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.09). Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. The business had revenue of $145.41 million for the quarter, compared to analyst estimates of $146.54 million.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SGC. US Bancorp DE increased its position in shares of Superior Group of Companies by 148.4% during the third quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock worth $45,000 after acquiring an additional 1,729 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Superior Group of Companies by 129.1% during the third quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock worth $118,000 after acquiring an additional 4,303 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Superior Group of Companies during the third quarter worth about $154,000. HighTower Advisors LLC purchased a new stake in shares of Superior Group of Companies during the third quarter worth about $167,000. Finally, Mason & Associates Inc purchased a new stake in shares of Superior Group of Companies during the fourth quarter worth about $181,000. 33.75% of the stock is owned by hedge funds and other institutional investors.

Superior Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.02%. The ex-dividend date of this dividend was Tuesday, February 18th. Superior Group of Companies’s dividend payout ratio (DPR) is presently 75.68%.

About Superior Group of Companies

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.