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

Superior Group of Companies (NASDAQ:SGC) released 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 net margin of 2.14% and a return on equity of 6.00%. The company had revenue of $131.74 million during the quarter, compared to analyst estimates of $136.60 million. During the same period in the previous year, the company posted $0.08 EPS. Superior Group of Companies updated its FY 2024 guidance to 0.730-0.790 EPS.

Superior Group of Companies Stock Down 29.9 %

Shares of Superior Group of Companies stock traded down $5.25 during trading on Wednesday, reaching $12.29. The stock had a trading volume of 238,617 shares, compared to its average volume of 95,204. The company has a current ratio of 3.03, a quick ratio of 1.98 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $205.80 million, a price-to-earnings ratio of 24.03, a P/E/G ratio of 2.49 and a beta of 1.46. The stock has a fifty day moving average price of $19.64 and a two-hundred day moving average price of $17.29. Superior Group of Companies has a 52 week low of $7.36 and a 52 week high of $21.80.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SGC. Barrington Research reaffirmed an “outperform” rating and issued a $22.00 price target on shares of Superior Group of Companies in a research note on Tuesday, May 28th. DA Davidson reiterated a “buy” rating and issued a $24.00 target price on shares of Superior Group of Companies in a report on Monday, June 24th.

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.