Superior Group of Companies (NASDAQ:SGC) Updates 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.

Analysts Set New Price Targets

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

Superior Group of Companies Trading Down 0.2 %

NASDAQ SGC traded down $0.03 on Thursday, hitting $19.91. 207,413 shares of the stock were exchanged, compared to its average volume of 63,962. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 2.78. Superior Group of Companies has a 52-week low of $7.36 and a 52-week high of $20.29. The firm has a market capitalization of $332.70 million, a P/E ratio of 35.49, a P/E/G ratio of 2.62 and a beta of 1.40. The stock has a fifty day moving average price of $16.16 and a two-hundred day moving average price of $13.79.

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

Superior Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be paid a $0.14 dividend. The ex-dividend date is Friday, May 17th. This represents a $0.56 annualized dividend and a yield of 2.81%. Superior Group of Companies’s dividend payout ratio (DPR) is currently 101.82%.

Insiders Place Their Bets

In other news, Director Paul V. Mellini sold 6,000 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $15.66, for a total transaction of $93,960.00. Following the transaction, the director now directly owns 92,955 shares in the company, valued at $1,455,675.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Superior Group of Companies news, Director Paul V. Mellini sold 6,000 shares of the 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 directly owns 92,955 shares of the company’s stock, valued at $1,455,675.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Philip Koosed sold 9,000 shares of Superior Group of Companies 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 completion of the transaction, the insider now directly owns 82,436 shares in the company, valued at approximately $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.