Superior Group of Companies (NASDAQ:SGC) Releases Earnings Results, Beats Expectations By $0.13 EPS

Superior Group of Companies (NASDAQ:SGC) announced its earnings results on Wednesday. The textile maker reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13, Zacks reports. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.74%. The company had revenue of $149.69 million during the quarter, compared to analysts’ expectations of $143.03 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. Superior Group of Companies updated its FY 2024 guidance to 0.730-0.790 EPS.

Superior Group of Companies Trading Down 2.0 %

Shares of SGC traded down $0.35 during mid-day trading on Friday, reaching $17.44. 62,480 shares of the company were exchanged, compared to its average volume of 93,337. The business has a 50 day simple moving average of $15.12 and a two-hundred day simple moving average of $17.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.82 and a current ratio of 2.82. The stock has a market capitalization of $292.54 million, a PE ratio of 21.01, a PEG ratio of 2.22 and a beta of 1.42. Superior Group of Companies has a 52 week low of $9.86 and a 52 week high of $21.80.

Superior Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a $0.14 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.21%. Superior Group of Companies’s dividend payout ratio (DPR) is presently 67.47%.

Analysts Set New Price Targets

SGC has been the topic of a number of research reports. StockNews.com lowered Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. DA Davidson reiterated a “buy” rating and issued a $24.00 price objective on shares of Superior Group of Companies in a report on Tuesday, October 8th. Finally, Barrington Research cut their target price on shares of Superior Group of Companies from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 21st.

Insider Activity at Superior Group of Companies

In other news, insider Jake Himelstein purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average price of $13.00 per share, for a total transaction of $26,000.00. Following the transaction, the insider now owns 40,825 shares of the company’s stock, valued at approximately $530,725. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Superior Group of Companies news, Director Loreen M. Spencer bought 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average price of $13.20 per share, with a total value of $46,200.00. Following the completion of the purchase, the director now directly owns 7,266 shares of the company’s stock, valued at approximately $95,911.20. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jake Himelstein bought 2,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of $13.00 per share, with a total value of $26,000.00. Following the completion of the acquisition, the insider now owns 40,825 shares of the company’s stock, valued at $530,725. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 15,500 shares of company stock worth $206,700 over the last ninety days. Insiders own 27.10% of the company’s stock.

Superior Group of Companies Company Profile

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.