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

Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) - Analysts at Singular Research increased their Q2 2024 earnings per share estimates for Superior Group of Companies in a research note issued on Monday, May 13th. Singular Research analyst D. Marsh now forecasts that the textile maker will post earnings of $0.11 per share for the quarter, up from their prior estimate of $0.09. Singular Research has a "Buy" rating on the stock. The consensus estimate for Superior Group of Companies' current full-year earnings is $0.76 per share. Singular Research also issued estimates for Superior Group of Companies' Q3 2024 earnings at $0.19 EPS, Q4 2024 earnings at $0.21 EPS, FY2024 earnings at $0.74 EPS and FY2025 earnings at $0.87 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 for the quarter, compared to analyst estimates of $142.59 million. Superior Group of Companies had a return on equity of 6.00% and a net margin of 2.14%.

Other analysts have also issued reports about the stock. Barrington Research increased their price target on shares of Superior Group of Companies from $18.00 to $22.00 and gave the stock an "outperform" rating in a research report on Friday, May 10th. StockNews.com upgraded shares of Superior Group of Companies from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, March 20th.

Superior Group of Companies Stock Performance

SGC stock traded up $0.26 on Wednesday, reaching $20.14. The company's stock had a trading volume of 87,585 shares, compared to its average volume of 66,573. The company has a market capitalization of $337.35 million, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 2.62 and a beta of 1.40. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.03 and a quick ratio of 1.98. The firm has a fifty day moving average of $16.58 and a two-hundred day moving average of $14.17. Superior Group of Companies has a 52 week low of $7.36 and a 52 week high of $21.04.

Institutional Investors Weigh In On Superior Group of Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. EntryPoint Capital LLC bought a new position in shares of Superior Group of Companies in the first quarter worth $28,000. Barclays PLC purchased a new stake in Superior Group of Companies in the third quarter worth approximately $32,000. Hillsdale Investment Management Inc. bought a new position in Superior Group of Companies during the fourth quarter valued at approximately $113,000. Lazard Asset Management LLC raised its stake in shares of Superior Group of Companies by 10,390.3% during the first quarter. Lazard Asset Management LLC now owns 7,553 shares of the textile maker's stock worth $124,000 after acquiring an additional 7,481 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Superior Group of Companies by 78.1% in the 3rd quarter. Acadian Asset Management LLC now owns 16,218 shares of the textile maker's stock worth $125,000 after acquiring an additional 7,111 shares during the last quarter. Institutional investors and hedge funds own 33.75% of the company's stock.

Insider Buying and Selling at Superior Group of Companies

In related news, insider Philip Koosed sold 9,000 shares of the firm's stock in a transaction dated Monday, March 18th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Paul V. Mellini sold 6,000 shares of Superior Group of Companies stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $15.66, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Philip Koosed sold 9,000 shares of the company's stock in a transaction dated 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 sale, the insider now owns 82,436 shares in the company, valued at approximately $1,289,299.04. The disclosure for this sale can be found here. Corporate insiders own 26.50% of the company's stock.

Superior Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, May 17th. This represents a $0.56 annualized dividend and a dividend yield of 2.78%. Superior Group of Companies's dividend payout ratio is presently 76.71%.

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.