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

Superior Group of Companies (NASDAQ:SGC - Get Free Report) is set to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce 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 interested in listening to the company's earnings conference call can do so using this link.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last issued its earnings results on Wednesday, March 13th. The textile maker reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.08. Superior Group of Companies had a return on equity of 4.51% and a net margin of 1.61%. The business had revenue of $147.24 million during the quarter, compared to analyst estimates of $142.59 million. 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 Down 3.4 %

NASDAQ:SGC traded down $0.57 during midday trading on Tuesday, reaching $16.27. 33,208 shares of the stock traded hands, compared to its average volume of 61,965. Superior Group of Companies has a 12-month low of $7.23 and a 12-month high of $17.70. The business has a 50-day moving average of $15.76 and a two-hundred day moving average of $13.39. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 2.78. The stock has a market capitalization of $271.87 million, a PE ratio of 30.02, a price-to-earnings-growth ratio of 2.65 and a beta of 1.40.

Superior Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Friday, February 23rd were paid a $0.14 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.56 annualized dividend and a dividend yield of 3.44%. Superior Group of Companies's dividend payout ratio is presently 101.82%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Singular Research restated a "buy" rating on shares of Superior Group of Companies in a report on Tuesday, March 19th. Barrington Research upped their price target on shares of Superior Group of Companies from $13.00 to $18.00 and gave the company an "outperform" rating in a report on Friday, March 15th. Finally, StockNews.com upgraded Superior Group of Companies from a "buy" rating to a "strong-buy" rating in a report on Wednesday, March 20th.

Insider Transactions at Superior Group of Companies

In other news, insider Philip Koosed sold 9,000 shares of the 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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 transaction of $140,760.00. Following the sale, the insider now directly owns 82,436 shares in the company, valued at $1,289,299.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 completion of the transaction, the director now directly owns 92,955 shares of the company's stock, valued at $1,455,675.30. The disclosure for this sale can be found here. 26.50% of the stock is currently owned by corporate insiders.

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.