Superior Group of Companies, Inc. (NASDAQ:SGC) Announces Quarterly Dividend of $0.14

Superior Group of Companies, Inc. (NASDAQ:SGC) announced a quarterly dividend on Monday, November 3rd. Shareholders of record on Friday, November 14th will be paid a dividend of 0.14 per share by the textile maker on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Friday, November 14th.

Superior Group of Companies has raised its dividend payment by an average of 0.1%per year over the last three years. Superior Group of Companies has a dividend payout ratio of 67.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Superior Group of Companies to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 57.7%.

Superior Group of Companies Trading Down 7.4%

Shares of NASDAQ:SGC traded down $0.73 during mid-day trading on Tuesday, reaching $9.14. 10,952 shares of the company’s stock were exchanged, compared to its average volume of 46,939. The firm has a market capitalization of $145.95 million, a price-to-earnings ratio of 17.62, a PEG ratio of 2.36 and a beta of 1.40. The business’s fifty day moving average price is $11.05 and its 200-day moving average price is $10.76. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.70 and a current ratio of 2.71. Superior Group of Companies has a twelve month low of $9.11 and a twelve month high of $18.48.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings results on Monday, November 3rd. The textile maker reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). Superior Group of Companies had a return on equity of 4.22% and a net margin of 1.44%.The business had revenue of $138.47 million for the quarter, compared to analyst estimates of $144.49 million. Superior Group of Companies has set its FY 2025 guidance at EPS. On average, research analysts predict that Superior Group of Companies will post 0.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on SGC. Barrington Research boosted their price target on shares of Superior Group of Companies from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Weiss Ratings restated a “hold (c)” rating on shares of Superior Group of Companies in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 26th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Superior Group of Companies presently has an average rating of “Moderate Buy” and an average target price of $17.33.

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.