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 EPS guidance of 0.730-0.790 for the period, compared to the consensus EPS 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 Upgrades and Downgrades

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

Superior Group of Companies Stock Performance

Shares of NASDAQ:SGC traded down $1.35 on Friday, hitting $18.56. 43,251 shares of the company were exchanged, compared to its average volume of 63,714. Superior Group of Companies has a 1-year low of $7.36 and a 1-year high of $20.29. The stock’s 50 day moving average price is $16.27 and its 200 day moving average price is $13.84. The company has a current ratio of 2.78, a quick ratio of 1.80 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $310.14 million, a P/E ratio of 33.96, a price-to-earnings-growth ratio of 2.62 and a beta of 1.40.

Superior Group of Companies (NASDAQ:SGC) last issued its earnings results on Wednesday, March 13th. The textile maker reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.08. Superior Group of Companies had a net margin of 1.61% and a return on equity of 4.51%. The firm had revenue of $147.24 million during the quarter, compared to analysts’ expectations of $142.59 million. Sell-side analysts predict that Superior Group of Companies will post 0.64 EPS for the current year.

Superior Group of Companies Announces Dividend

The company also recently disclosed 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 of this dividend is Friday, May 17th. This represents a $0.56 dividend on an annualized basis and a yield of 3.02%. Superior Group of Companies’s payout ratio is 101.82%.

Insider Activity

In other 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 value of $93,960.00. Following the sale, the director now owns 92,955 shares in the company, valued at $1,455,675.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Paul V. Mellini sold 6,000 shares of the business’s 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 sale, the director now directly owns 92,955 shares of the company’s stock, valued at approximately $1,455,675.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Philip Koosed sold 9,000 shares of the company’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 sale, the insider now directly owns 82,436 shares in the company, valued at $1,289,299.04. The disclosure for this sale can be found here. Company insiders own 26.50% 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.