Superior Group of Companies (NASDAQ:SGC) Releases Earnings Results, Beats Estimates By $0.05 EPS

Key Points

• Superior Group of Companies reported earnings of $0.10 per share for the quarter, exceeding analysts' expectations of $0.07 by $0.03.
• The company declared a quarterly dividend of $0.14 per share, representing a 5.8% yield and a dividend payout ratio of 124.44%.
• Institutional investors hold 33.75% of the company's stock, with Empowered Funds LLC increasing its stake by 7.5% in the latest quarter.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) released its quarterly earnings data on Tuesday. The textile maker reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.05, Zacks reports. Superior Group of Companies had a net margin of 1.30% and a return on equity of 3.70%. The firm had revenue of $144.05 million for the quarter, compared to the consensus estimate of $133.32 million. Superior Group of Companies updated its FY 2025 guidance to EPS.

Superior Group of Companies Trading Down 2.1%

NASDAQ SGC opened at $9.58 on Wednesday. The company has a fifty day simple moving average of $10.39 and a two-hundred day simple moving average of $11.53. The stock has a market cap of $153.09 million, a P/E ratio of 21.29, a P/E/G ratio of 2.41 and a beta of 1.45. Superior Group of Companies has a 12-month low of $9.11 and a 12-month high of $18.48. The company has a current ratio of 2.90, a quick ratio of 1.85 and a debt-to-equity ratio of 0.46.

Superior Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.8%. Superior Group of Companies's dividend payout ratio (DPR) is currently 124.44%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Noble Financial assumed coverage on shares of Superior Group of Companies in a research note on Thursday, May 29th. They issued an "outperform" rating and a $16.00 target price for the company. Wall Street Zen downgraded shares of Superior Group of Companies from a "buy" rating to a "hold" rating in a research note on Saturday, April 19th. Finally, Barrington Research lowered their target price on shares of Superior Group of Companies from $18.00 to $15.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Superior Group of Companies stock. Empowered Funds LLC raised its position in Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) by 7.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,181 shares of the textile maker's stock after buying an additional 6,416 shares during the period. Empowered Funds LLC owned about 0.56% of Superior Group of Companies worth $1,008,000 at the end of the most recent quarter. Institutional investors and hedge funds own 33.75% of the company's stock.

About Superior Group of Companies

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.