Shares of Superior Group of Companies, Inc. (NASDAQ:SGC - Get Free Report) crossed below its 50 day moving average during trading on Monday following a dissappointing earnings announcement. The stock has a 50 day moving average of $12.79 and traded as low as $12.44. Superior Group of Companies shares last traded at $12.62, with a volume of 119,633 shares trading hands.
The textile maker reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01). Superior Group of Companies had a net margin of 1.44% and a return on equity of 5.29%. The company had revenue of $145.99 million for the quarter, compared to analysts' expectations of $143.48 million. Superior Group of Companies has set its FY 2026 guidance at 0.600-0.660 EPS.
Superior Group of Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.56 annualized dividend and a yield of 4.4%. Superior Group of Companies's dividend payout ratio (DPR) is currently 101.82%.
Key Stories Impacting Superior Group of Companies
Here are the key news stories impacting Superior Group of Companies this week:
Analysts Set New Price Targets
A number of equities research analysts have recently commented on SGC shares. Cantor Fitzgerald reissued a "buy" rating on shares of Superior Group of Companies in a research note on Tuesday, November 3rd. Weiss Ratings restated a "hold (c+)" rating on shares of Superior Group of Companies in a report on Thursday, August 27th. DA Davidson raised shares of Superior Group of Companies to a "strong-buy" rating in a research report on Monday, October 5th. Finally, Wall Street Zen upgraded shares of Superior Group of Companies from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Superior Group of Companies currently has an average rating of "Buy" and an average target price of $18.00.
View Our Latest Analysis on SGC
Institutional Investors Weigh In On Superior Group of Companies
Several hedge funds and other institutional investors have recently made changes to their positions in SGC. Bank of New York Mellon Corp purchased a new position in shares of Superior Group of Companies in the second quarter worth approximately $1,344,000. Wavvest Wealth LLC purchased a new stake in Superior Group of Companies during the third quarter valued at approximately $629,000. Ritholtz Wealth Management purchased a new stake in Superior Group of Companies during the third quarter valued at approximately $394,000. Hsbc Holdings PLC raised its position in Superior Group of Companies by 2.7% in the first quarter. Hsbc Holdings PLC now owns 34,049 shares of the textile maker's stock worth $351,000 after acquiring an additional 898 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Superior Group of Companies by 18.7% during the 1st quarter. Bank of America Corp DE now owns 29,959 shares of the textile maker's stock valued at $304,000 after acquiring an additional 4,712 shares during the period. Hedge funds and other institutional investors own 33.75% of the company's stock.
Superior Group of Companies Price Performance
The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $201.16 million, a PE ratio of 22.95, a price-to-earnings-growth ratio of 2.20 and a beta of 1.46. The firm has a 50 day moving average price of $12.79 and a 200 day moving average price of $11.95.
Superior Group of Companies Company Profile
(
Get Free Report)
Superior Group of Companies, Inc is a diversified provider of healthcare apparel, branded products and business services. The company operates through businesses that serve healthcare organizations, commercial enterprises and other institutional customers.
Its healthcare apparel operations provide uniforms, medical apparel and related products for healthcare professionals and facilities. The company's product portfolio has included brands such as Fashion Seal Healthcare, WonderWink and Medelita, offering scrubs, lab coats, outerwear and other workwear.
See Also
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.
Before you consider Superior Group of Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Superior Group of Companies wasn't on the list.
While Superior Group of Companies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. "Physical AI" is coming. Learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Like this article? Share it with a colleague.
Link copied to clipboard.