Superior Group of Companies Inc (NASDAQ:SGC) announced a quarterly dividend on Thursday, July 30th, Wall Street Journal reports. Investors of record on Tuesday, August 11th will be given a dividend of 0.10 per share by the textile maker on Tuesday, August 25th. This represents a $0.40 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, August 10th.
Superior Group of Companies has raised its dividend payment by an average of 17.7% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Superior Group of Companies has a payout ratio of 53.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Superior Group of Companies to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 38.1%.
SGC opened at $19.25 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.80 and a current ratio of 2.33. The company has a market cap of $261.73 million, a PE ratio of 10.17, a price-to-earnings-growth ratio of 1.63 and a beta of 0.56. The stock has a 50-day moving average of $13.10 and a 200-day moving average of $10.89. Superior Group of Companies has a 52-week low of $6.10 and a 52-week high of $19.93.
Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings results on Wednesday, July 29th. The textile maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.24 by $0.76. The company had revenue of $159.36 million for the quarter, compared to the consensus estimate of $104.13 million. Superior Group of Companies had a return on equity of 15.74% and a net margin of 5.64%. On average, research analysts predict that Superior Group of Companies will post 0.75 earnings per share for the current year.
In other news, insider Philip Koosed sold 25,000 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $17.17, for a total transaction of $429,250.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 30.50% of the company’s stock.
A number of research firms have weighed in on SGC. ValuEngine raised shares of Superior Group of Companies from a “sell” rating to a “hold” rating in a research report on Thursday, June 11th. Zacks Investment Research cut Superior Group of Companies from a “hold” rating to a “sell” rating in a research report on Thursday, June 4th. Finally, Barrington Research restated an “outperform” rating and set a $21.00 target price (up previously from $13.00) on shares of Superior Group of Companies in a research note on Thursday.
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: Uniforms and Related Products, Remote Staffing Solutions, and Promotional Products. The Uniforms and Related Products segment manufactures and sells a range of uniforms, corporate identity apparel, career apparel, and accessories for personnel of hospitals and health facilities; hotels; food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; airlines; public and private safety and security organizations; and miscellaneous service uses.
Featured Article: When can a hold rating present a buying opportunity?
Receive News & Ratings for Superior Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.