Superior Group of Companies (NASDAQ:SGC) Releases Quarterly 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) issued its quarterly earnings results on Tuesday. The textile maker reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.05, Zacks reports. The firm had revenue of $144.05 million during the quarter, compared to the consensus estimate of $133.32 million. Superior Group of Companies had a return on equity of 4.22% and a net margin of 1.44%. Superior Group of Companies updated its FY 2025 guidance to EPS.

Superior Group of Companies Stock Performance

Shares of Superior Group of Companies stock traded down $0.21 on Friday, reaching $11.21. 32,255 shares of the company were exchanged, compared to its average volume of 43,264. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.71. The company's 50-day moving average is $10.49 and its two-hundred day moving average is $11.47. The firm has a market cap of $179.02 million, a price-to-earnings ratio of 21.98, a P/E/G ratio of 2.54 and a beta of 1.45. Superior Group of Companies has a 1-year low of $9.11 and a 1-year high of $18.48.

Superior Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Monday, August 18th. Superior Group of Companies's dividend payout ratio is presently 109.80%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Noble Financial began coverage on Superior Group of Companies in a report on Thursday, May 29th. They issued an "outperform" rating and a $16.00 price target for the company. Wall Street Zen upgraded Superior Group of Companies from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Barrington Research lowered their price target on Superior Group of Companies from $18.00 to $15.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th.

Institutional Trading of Superior Group of Companies

A hedge fund recently raised its stake in Superior Group of Companies stock. Empowered Funds LLC boosted its holdings in Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,181 shares of the textile maker's stock after acquiring an additional 6,416 shares during the quarter. Empowered Funds LLC owned 0.56% of Superior Group of Companies worth $1,008,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.