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

Superior Group of Companies (NASDAQ:SGC) is scheduled to be posting its quarterly earnings results 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.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings results on Wednesday, March 13th. The textile maker reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.08. The company had revenue of $147.24 million for the quarter, compared to analysts’ expectations of $142.59 million. Superior Group of Companies had a return on equity of 4.51% and a net margin of 1.61%. 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 Stock Performance

NASDAQ:SGC opened at $16.65 on Monday. The stock has a market cap of $278.22 million, a P/E ratio of 30.27, a price-to-earnings-growth ratio of 2.62 and a beta of 1.40. The company has a current ratio of 2.78, a quick ratio of 1.80 and a debt-to-equity ratio of 0.45. The stock’s 50-day moving average is $15.95 and its 200-day moving average is $13.63. Superior Group of Companies has a 1-year low of $7.23 and a 1-year high of $17.70.

Superior Group of Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend 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 currently 101.82%.

Analyst Ratings Changes

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

Insider Buying and Selling at Superior Group of Companies

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

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.