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

Superior Group of Companies (NASDAQ:SGC) updated its FY 2024 earnings guidance on Wednesday. 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.

Analyst Ratings Changes

SGC has been the subject of several recent analyst reports. Barrington Research increased their price objective on Superior Group of Companies from $13.00 to $18.00 and gave the company an outperform rating in a report on Friday, March 15th. StockNews.com upgraded shares of Superior Group of Companies from a buy rating to a strong-buy rating in a research note on Wednesday, March 20th. Finally, Singular Research restated a buy rating on shares of Superior Group of Companies in a research note on Tuesday, March 19th.

Superior Group of Companies Stock Performance

Superior Group of Companies stock traded down $1.35 during mid-day trading on Friday, hitting $18.56. 43,251 shares of the company’s stock traded hands, compared to its average volume of 63,714. Superior Group of Companies has a fifty-two week low of $7.36 and a fifty-two week high of $20.29. The stock has a market cap of $310.14 million, a price-to-earnings ratio of 33.96, a P/E/G ratio of 2.62 and a beta of 1.40. The firm has a 50 day simple moving average of $16.27 and a two-hundred day simple moving average of $13.84. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.78 and a quick ratio of 1.80.

Superior Group of Companies (NASDAQ:SGC) last announced its earnings results on Wednesday, March 13th. The textile maker reported $0.22 EPS for the quarter, topping the consensus estimate of $0.14 by $0.08. The business had revenue of $147.24 million during the quarter, compared to the consensus estimate of $142.59 million. Superior Group of Companies had a net margin of 1.61% and a return on equity of 4.51%. On average, research analysts expect that Superior Group of Companies will post 0.64 EPS for the current fiscal year.

Superior Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Friday, May 17th. Superior Group of Companies’s payout ratio is 101.82%.

Insider Buying and Selling

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

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.