Superior Group of Companies (SGC) Set to Announce Earnings on Tuesday

Superior Group of Companies (NASDAQ:SGC) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Superior Group of Companies to post earnings of $0.07 per share for the quarter. Superior Group of Companies has set its FY 2024 guidance at 0.610-0.680 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings data on Wednesday, March 13th. The textile maker reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. Superior Group of Companies had a return on equity of 4.51% and a net margin of 1.61%. The firm had revenue of $147.24 million for the quarter, compared to analysts’ expectations of $142.59 million. On average, analysts expect Superior Group of Companies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Superior Group of Companies Trading Down 1.1 %

SGC opened at $16.65 on Monday. Superior Group of Companies has a one year low of $7.23 and a one year high of $17.70. The stock has a market capitalization of $278.22 million, a PE ratio of 30.27, a P/E/G ratio of 2.62 and a beta of 1.40. The business’s 50 day moving average price is $15.95 and its 200 day moving average price is $13.63. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 2.78.

Superior Group of Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Thursday, February 22nd. Superior Group of Companies’s dividend payout ratio (DPR) is 101.82%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Singular Research restated a “buy” rating on shares of Superior Group of Companies in a research note on Tuesday, March 19th. Barrington Research upped their price target on Superior Group of Companies from $13.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Finally, StockNews.com upgraded Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 20th.

Insider Activity

In other news, Director Paul V. Mellini sold 6,000 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $15.66, for a total value of $93,960.00. Following the sale, the director now directly owns 92,955 shares in the company, valued at $1,455,675.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Philip Koosed sold 9,000 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $15.64, for a total value of $140,760.00. Following the transaction, the insider now owns 82,436 shares of the company’s stock, valued at $1,289,299.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul V. Mellini sold 6,000 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $15.66, for a total value of $93,960.00. Following the completion of the transaction, the director now directly owns 92,955 shares in the company, valued at approximately $1,455,675.30. The disclosure for this sale can be found here. Insiders own 26.50% 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.