Superior Group of Companies (NASDAQ:SGC) Releases 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 0.740. The company issued revenue guidance of $563.0 million-$570.0 million, compared to the consensus revenue estimate of $564.2 million.

Superior Group of Companies Price Performance

Shares of SGC stock traded down $0.35 during trading on Friday, hitting $17.44. The company had a trading volume of 62,470 shares, compared to its average volume of 93,337. The firm has a market capitalization of $292.47 million, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 2.22 and a beta of 1.42. Superior Group of Companies has a one year low of $9.86 and a one year high of $21.80. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.82 and a current ratio of 2.82. The stock’s 50-day moving average price is $15.12 and its 200 day moving average price is $17.06.

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 for the quarter, missing the consensus estimate of $0.10 by ($0.06). Superior Group of Companies had a return on equity of 6.74% and a net margin of 2.37%. The firm had revenue of $131.74 million for the quarter, compared to the consensus estimate of $136.60 million. During the same period in the prior year, the company earned $0.08 EPS. Equities analysts expect that Superior Group of Companies will post 0.74 EPS for the current fiscal year.

Superior Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.56 annualized dividend and a dividend yield of 3.21%. Superior Group of Companies’s payout ratio is 67.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SGC shares. Barrington Research lowered their price objective on shares of Superior Group of Companies from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, August 21st. StockNews.com downgraded shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th. Finally, DA Davidson reissued a “buy” rating and set a $24.00 price objective on shares of Superior Group of Companies in a report on Tuesday, October 8th.

Insider Activity at Superior Group of Companies

In related news, CEO Michael Benstock acquired 10,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were bought at an average price of $13.45 per share, with a total value of $134,500.00. Following the transaction, the chief executive officer now directly owns 583,848 shares of the company’s stock, valued at $7,852,755.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Superior Group of Companies news, Director Loreen M. Spencer acquired 3,500 shares of the stock in a transaction on Wednesday, August 14th. The shares were purchased at an average price of $13.20 per share, for a total transaction of $46,200.00. Following the completion of the acquisition, the director now owns 7,266 shares in the company, valued at approximately $95,911.20. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Benstock acquired 10,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was acquired at an average cost 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 approximately $7,852,755.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 15,500 shares of company stock worth $206,700 in the last quarter. Company insiders own 27.10% 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.