Superior Group of Companies (NASDAQ:SGC) Issues FY 2024 Earnings Guidance

Superior Group of Companies (NASDAQ:SGC) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.730-0.790 for the period, compared to the consensus estimate of 0.640. The company issued revenue guidance of $563.0 million-$570.0 million, compared to the consensus revenue estimate of $562.2 million.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SGC. Barrington Research boosted their price objective on shares of Superior Group of Companies from $13.00 to $18.00 and gave the stock an outperform rating in a research report on Friday, March 15th. Singular Research reiterated a buy rating on shares of Superior Group of Companies in a report on Tuesday, March 19th. Finally, StockNews.com raised Superior Group of Companies from a buy rating to a strong-buy rating in a report on Wednesday, March 20th.

Superior Group of Companies Trading Down 0.2 %

SGC traded down $0.03 during trading on Thursday, reaching $19.91. 207,413 shares of the company’s stock were exchanged, compared to its average volume of 63,962. The company’s fifty day moving average price is $16.16 and its 200-day moving average price is $13.79. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 2.78. The firm has a market capitalization of $332.70 million, a PE ratio of 35.49, a P/E/G ratio of 2.62 and a beta of 1.40. Superior Group of Companies has a fifty-two week low of $7.36 and a fifty-two week high of $20.29.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings data on Wednesday, March 13th. The textile maker reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. Superior Group of Companies had a return on equity of 4.51% and a net margin of 1.61%. The business had revenue of $147.24 million during the quarter, compared to the consensus estimate of $142.59 million. As a group, equities analysts forecast that Superior Group of Companies will post 0.64 EPS for the current year.

Superior Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a $0.14 dividend. The ex-dividend date is Friday, May 17th. This represents a $0.56 annualized dividend and a yield of 2.81%. Superior Group of Companies’s dividend payout ratio (DPR) is presently 101.82%.

Insiders Place Their Bets

In related news, Director Paul V. Mellini sold 6,000 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $15.66, for a total value of $93,960.00. Following the completion of the transaction, the director now directly owns 92,955 shares of the company’s stock, valued at approximately $1,455,675.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Superior Group of Companies news, insider Philip Koosed sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $15.64, for a total transaction of $140,760.00. Following the transaction, the insider now owns 82,436 shares of the company’s stock, valued at approximately $1,289,299.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul V. Mellini sold 6,000 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $15.66, for a total value of $93,960.00. Following the completion of the sale, the director now directly owns 92,955 shares of the company’s stock, valued at approximately $1,455,675.30. The disclosure for this sale can be found here. Corporate insiders own 26.50% of the company’s stock.

Superior Group of Companies Company Profile

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.