Superior Group of Companies (SGC) Set to Announce Earnings on Wednesday

Superior Group of Companies (NASDAQ:SGC - Get Free Report) is set to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Superior Group of Companies has set its FY 2024 guidance at 0.730-0.790 EPS.Individual interested in listening to the company's earnings conference call can do so using this link.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last announced its earnings results 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). The business had revenue of $131.74 million for the quarter, compared to the consensus estimate of $136.60 million. Superior Group of Companies had a net margin of 2.02% and a return on equity of 5.63%. During the same quarter in the previous year, the company earned $0.08 EPS. On average, analysts expect Superior Group of Companies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Superior Group of Companies Stock Performance

Shares of SGC stock traded up $0.16 during trading hours on Wednesday, reaching $15.15. 32,489 shares of the company's stock were exchanged, compared to its average volume of 94,440. The business has a fifty day moving average price of $14.81 and a 200-day moving average price of $17.10. The stock has a market capitalization of $253.69 million, a P/E ratio of 20.75, a P/E/G ratio of 2.02 and a beta of 1.41. The company has a quick ratio of 1.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.36. Superior Group of Companies has a fifty-two week low of $7.78 and a fifty-two week high of $21.80.

Superior Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Saturday, August 17th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.56 annualized dividend and a yield of 3.70%. Superior Group of Companies's dividend payout ratio is 76.71%.

Insider Activity at Superior Group of Companies

In related news, CEO Michael Benstock bought 10,000 shares of the business's stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average price of $13.45 per share, for a total transaction 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 represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Michael Benstock purchased 10,000 shares of the business's stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average cost of $13.45 per share, with a total value of $134,500.00. Following the acquisition, the chief executive officer now directly owns 583,848 shares of the company's stock, valued at approximately $7,852,755.60. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jake Himelstein purchased 2,000 shares of Superior Group of Companies stock in a transaction on Wednesday, August 14th. The stock was purchased at an average price of $13.00 per share, for a total transaction of $26,000.00. Following the completion of the transaction, the insider now owns 40,825 shares of the company's stock, valued at approximately $530,725. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 15,500 shares of company stock valued at $206,700 over the last quarter. 27.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.