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

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

Superior Group of Companies Stock Performance

SGC stock traded down $0.35 during trading on Friday, reaching $17.44. The stock had a trading volume of 62,480 shares, compared to its average volume of 93,337. The firm has a market cap of $292.54 million, a PE ratio of 21.01, a PEG ratio of 2.22 and a beta of 1.42. The company has a current ratio of 2.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average is $15.12 and its two-hundred day moving average is $17.06. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Wednesday, November 13th. Superior Group of Companies’s payout ratio is currently 67.47%.

Insider Buying and Selling at Superior Group of Companies

In other Superior Group of Companies news, CEO Michael Benstock acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average price of $13.45 per share, with a total value of $134,500.00. Following the completion of the acquisition, the chief executive officer now owns 583,848 shares in the company, valued at $7,852,755.60. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Michael Benstock bought 10,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average cost of $13.45 per share, for a total transaction of $134,500.00. Following the completion of the transaction, the chief executive officer now owns 583,848 shares of the company’s stock, valued at approximately $7,852,755.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Loreen M. Spencer purchased 3,500 shares of Superior Group of Companies stock in a transaction on Wednesday, August 14th. The stock was bought at an average price of $13.20 per share, with a total value of $46,200.00. Following the transaction, the director now owns 7,266 shares of the company’s stock, valued at approximately $95,911.20. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 15,500 shares of company stock worth $206,700 in the last three months. 27.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com lowered Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. Barrington Research cut their target price on Superior Group of Companies from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 21st. Finally, DA Davidson reaffirmed a “buy” rating and set a $24.00 price target on shares of Superior Group of Companies in a report on Tuesday, October 8th.

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.