Superior Group of Companies (NASDAQ:SGC – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.730-0.790 for the period, compared to the consensus earnings per share estimate of 0.760. The company issued revenue guidance of $563.0 million-$570.0 million, compared to the consensus revenue estimate of $567.2 million.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on SGC shares. StockNews.com cut shares of Superior Group of Companies from a strong-buy rating to a buy rating in a report on Thursday. Barrington Research reissued an outperform rating and set a $22.00 price objective on shares of Superior Group of Companies in a research note on Tuesday, May 28th. Finally, DA Davidson reaffirmed a buy rating and set a $24.00 target price on shares of Superior Group of Companies in a research note on Monday, June 24th.
View Our Latest Research Report on Superior Group of Companies
Superior Group of Companies Stock Performance
Superior Group of Companies (NASDAQ:SGC – Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The textile maker reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Superior Group of Companies had a return on equity of 6.00% and a net margin of 2.14%. The business had revenue of $131.74 million during the quarter, compared to analysts’ expectations of $136.60 million. During the same quarter in the previous year, the company posted $0.08 EPS. On average, research analysts forecast that Superior Group of Companies will post 0.75 EPS for the current year.
Superior Group of Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Saturday, August 17th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend is Friday, August 16th. Superior Group of Companies’s payout ratio is currently 76.71%.
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.
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