Q2 2024 Earnings Forecast for Superior Group of Companies, Inc. Issued By Sidoti Csr (NASDAQ:SGC)

Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) - Stock analysts at Sidoti Csr cut their Q2 2024 EPS estimates for shares of Superior Group of Companies in a report released on Wednesday, May 8th. Sidoti Csr analyst J. Sidoti now anticipates that the textile maker will post earnings of $0.09 per share for the quarter, down from their previous estimate of $0.10. The consensus estimate for Superior Group of Companies' current full-year earnings is $0.64 per share. Sidoti Csr also issued estimates for Superior Group of Companies' Q3 2024 earnings at $0.19 EPS, Q4 2024 earnings at $0.25 EPS and FY2024 earnings at $0.76 EPS.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last announced its earnings results on Wednesday, March 13th. The textile maker reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.08. The business had revenue of $147.24 million during the quarter, compared to analysts' expectations of $142.59 million. Superior Group of Companies had a net margin of 1.61% and a return on equity of 4.51%.

Other equities analysts have also issued research reports about the company. StockNews.com raised Superior Group of Companies from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, March 20th. Barrington Research increased their price objective on shares of Superior Group of Companies from $18.00 to $22.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Singular Research reaffirmed a "buy" rating on shares of Superior Group of Companies in a research note on Tuesday, March 19th.

Superior Group of Companies Price Performance

Shares of SGC traded down $0.88 on Friday, hitting $19.03. The company's stock had a trading volume of 113,503 shares, compared to its average volume of 64,507. The company has a 50 day moving average price of $16.27 and a 200 day moving average price of $13.84. Superior Group of Companies has a fifty-two week low of $7.36 and a fifty-two week high of $20.29. The company has a market capitalization of $317.99 million, a PE ratio of 34.60, a PEG ratio of 2.62 and a beta of 1.40. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.78 and a quick ratio of 1.80.

Superior Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Friday, May 17th. Superior Group of Companies's dividend payout ratio (DPR) is 101.82%.

Insider Activity at Superior Group of Companies

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

Institutional Investors Weigh In On Superior Group of Companies

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Superior Group of Companies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker's stock valued at $9,972,000 after purchasing an additional 2,799 shares during the period. Aegis Financial Corp boosted its holdings in shares of Superior Group of Companies by 10.7% in the fourth quarter. Aegis Financial Corp now owns 421,036 shares of the textile maker's stock valued at $5,684,000 after buying an additional 40,749 shares during the period. North Star Investment Management Corp. raised its holdings in shares of Superior Group of Companies by 36.2% during the fourth quarter. North Star Investment Management Corp. now owns 390,775 shares of the textile maker's stock worth $5,275,000 after acquiring an additional 103,920 shares during the period. Bank of New York Mellon Corp lifted its position in Superior Group of Companies by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 129,454 shares of the textile maker's stock valued at $1,007,000 after acquiring an additional 1,583 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Superior Group of Companies by 205.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 104,607 shares of the textile maker's stock worth $1,728,000 after purchasing an additional 70,400 shares during the period. 33.75% of the stock is currently owned by institutional investors.

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.