Superior Group of Companies (SGC) Scheduled to Post Earnings on Wednesday

Superior Group of Companies (NASDAQ:SGC) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Superior Group of Companies to post earnings of $0.19 per share for the quarter. Superior Group of Companies has set its FY 2024 guidance at 0.730-0.790 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data on Tuesday, August 6th. The textile maker reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.06). Superior Group of Companies had a return on equity of 5.63% and a net margin of 2.02%. The firm had revenue of $131.74 million during the quarter, compared to analyst estimates of $136.60 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. On average, analysts expect Superior Group of Companies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Superior Group of Companies Price Performance

Shares of Superior Group of Companies stock opened at $15.02 on Monday. The stock has a market capitalization of $251.89 million, a P/E ratio of 21.77, a PEG ratio of 2.00 and a beta of 1.42. The business has a 50 day simple moving average of $14.89 and a two-hundred day simple moving average of $17.06. Superior Group of Companies has a 12 month low of $7.79 and a 12 month high of $21.80. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.82 and a quick ratio of 1.82.

Superior Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Saturday, August 17th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend was Friday, August 16th. Superior Group of Companies’s dividend payout ratio is currently 81.16%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. StockNews.com cut shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th. Barrington Research lowered their price objective on Superior Group of Companies from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 21st. Finally, DA Davidson restated a “buy” rating and issued a $24.00 target price on shares of Superior Group of Companies in a report on Tuesday, October 8th.

Insider Activity at Superior Group of Companies

In other Superior Group of Companies news, insider Jake Himelstein purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of $13.00 per share, with a total value of $26,000.00. Following the purchase, the insider now directly owns 40,825 shares in the company, valued at approximately $530,725. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Jake Himelstein acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average cost of $13.00 per share, for a total transaction of $26,000.00. Following the acquisition, the insider now owns 40,825 shares in the company, valued at $530,725. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Benstock purchased 10,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were purchased at an average price of $13.45 per share, for a total transaction of $134,500.00. Following the completion of the purchase, the chief executive officer now directly owns 583,848 shares of the company’s stock, valued at $7,852,755.60. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 15,500 shares of company stock worth $206,700. Insiders own 27.10% 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.