Sidoti Issues Pessimistic Forecast for SGC Earnings

Key Points

• Sidoti lowered its FY2027 EPS estimate for Superior Group of Companies to $0.89 from $1.12, though it remains above the current consensus estimate of $0.64.
• Analyst sentiment is mixed but leans positive: the stock has a “Moderate Buy” consensus rating and an $18 average price target, while shares recently opened at $12.40.
• Superior Group’s latest quarterly results beat expectations, with EPS of $0.21 versus the $0.10 consensus and revenue of $147.84 million; the company also pays a $0.14 quarterly dividend, yielding about 4.5%.

Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) - Stock analysts at Sidoti reduced their FY2027 EPS estimates for Superior Group of Companies in a research note issued to investors on Thursday, September 17th. Sidoti analyst J. Sidoti now anticipates that the textile maker will post earnings of $0.89 per share for the year, down from their prior estimate of $1.12. The consensus estimate for Superior Group of Companies' current full-year earnings is $0.64 per share.

Several other equities research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Superior Group of Companies from a "strong-buy" rating to a "buy" rating in a research note on Monday, September 14th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Superior Group of Companies in a report on Thursday, August 27th. Finally, DA Davidson raised their price objective on Superior Group of Companies from $15.00 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.00.

Superior Group of Companies Stock Performance

NASDAQ:SGC opened at $12.40 on Monday. The firm's 50-day moving average is $12.76 and its 200-day moving average is $12.06. The company has a market cap of $197.66 million, a price-to-earnings ratio of 22.55, a PEG ratio of 1.94 and a beta of 1.45. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.76 and a current ratio of 2.60. Superior Group of Companies has a 52-week low of $8.30 and a 52-week high of $14.59.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last released its earnings results on Tuesday, August 4th. The textile maker reported $0.21 EPS for the quarter, beating the consensus estimate of $0.10 by $0.11. The firm had revenue of $147.84 million during the quarter, compared to analysts' expectations of $142.87 million. Superior Group of Companies had a net margin of 1.44% and a return on equity of 5.29%. Superior Group of Companies has set its FY 2026 guidance at 0.540-0.660 EPS.

Superior Group of Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.56 dividend on an annualized basis and a yield of 4.5%. Superior Group of Companies's payout ratio is presently 101.82%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SGC. Bank of New York Mellon Corp acquired a new stake in Superior Group of Companies during the second quarter valued at approximately $1,344,000. North Star Investment Management Corp. raised its holdings in shares of Superior Group of Companies by 8.6% in the 1st quarter. North Star Investment Management Corp. now owns 537,475 shares of the textile maker's stock worth $5,461,000 after buying an additional 42,500 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of Superior Group of Companies during the 2nd quarter worth approximately $206,000. Public Employees Retirement System of Ohio bought a new position in shares of Superior Group of Companies during the 2nd quarter worth approximately $61,000. Finally, CWC Advisors LLC. boosted its stake in Superior Group of Companies by 10.4% in the 1st quarter. CWC Advisors LLC. now owns 49,097 shares of the textile maker's stock valued at $499,000 after buying an additional 4,608 shares in the last quarter. Institutional investors own 33.75% of the company's stock.

Superior Group of Companies Company Profile

Superior Group of Companies, Inc is a diversified services company headquartered in Seminole, Florida. The company has historically operated through businesses serving the healthcare apparel and business-process outsourcing markets.

Superior Group's healthcare apparel operations have provided uniforms, scrubs, lab coats, and related garments and accessories for healthcare professionals and institutions. Its brands have included Fashion Seal Healthcare and other specialty apparel offerings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.