Superior Group of Companies (NASDAQ:SGC - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.730-0.790 for the period, compared to the consensus estimate of 0.640. The company issued revenue guidance of $563.0 million-$570.0 million, compared to the consensus revenue estimate of $562.2 million.
Wall Street Analyst Weigh In
SGC has been the subject of several recent analyst reports. Singular Research reissued a buy rating on shares of Superior Group of Companies in a research note on Tuesday, March 19th. StockNews.com raised Superior Group of Companies from a buy rating to a strong-buy rating in a research note on Wednesday, March 20th. Finally, Barrington Research raised their price target on Superior Group of Companies from $13.00 to $18.00 and gave the stock an outperform rating in a research note on Friday, March 15th.
View Our Latest Stock Report on Superior Group of Companies
Superior Group of Companies Stock Up 19.8 %
NASDAQ SGC traded up $3.29 during trading on Wednesday, hitting $19.94. The stock had a trading volume of 197,303 shares, compared to its average volume of 62,351. The company has a market capitalization of $333.20 million, a PE ratio of 36.25, a P/E/G ratio of 2.62 and a beta of 1.40. Superior Group of Companies has a 12 month low of $7.35 and a 12 month high of $20.29. The company's 50-day moving average price is $16.04 and its two-hundred day moving average price is $13.75. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 2.78.
Superior Group of Companies (NASDAQ:SGC - Get Free Report) last released its quarterly earnings data on Wednesday, March 13th. The textile maker reported $0.22 EPS for the quarter, beating the consensus estimate of $0.14 by $0.08. The company had revenue of $147.24 million during the quarter, compared to the consensus estimate of $142.59 million. Superior Group of Companies had a return on equity of 4.51% and a net margin of 1.61%. As a group, sell-side analysts forecast that Superior Group of Companies will post 0.64 EPS for the current year.
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 2.81%. Superior Group of Companies's dividend payout ratio (DPR) is presently 101.82%.
Insider Buying and Selling at Superior Group of Companies
In related 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 value of $140,760.00. Following the completion of the sale, the insider now directly owns 82,436 shares in the company, valued at $1,289,299.04. The sale was disclosed in a filing with the SEC, which is available at this link. In other Superior Group of Companies news, insider Philip Koosed sold 9,000 shares of Superior Group of Companies stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $15.64, for a total value of $140,760.00. Following the transaction, the insider now 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 this hyperlink. Also, Director Paul V. Mellini sold 6,000 shares of the company's 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 transaction, the director now owns 92,955 shares of the company's stock, valued at $1,455,675.30. The disclosure for this sale can be found here. Insiders own 26.50% of the company's stock.
About Superior Group of Companies
(
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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.
Further Reading
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