What is Sidoti Csr's Estimate for SGC FY2024 Earnings?

Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) - Investment analysts at Sidoti Csr boosted their FY2024 earnings per share estimates for shares of Superior Group of Companies in a research note issued on Thursday, November 7th. Sidoti Csr analyst J. Sidoti now expects that the textile maker will post earnings of $0.78 per share for the year, up from their previous forecast of $0.74. The consensus estimate for Superior Group of Companies' current full-year earnings is $0.74 per share. Sidoti Csr also issued estimates for Superior Group of Companies' Q4 2024 earnings at $0.18 EPS, Q1 2026 earnings at $0.26 EPS, Q2 2026 earnings at $0.30 EPS and Q3 2026 earnings at $0.36 EPS.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The textile maker reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.06). The firm had revenue of $131.74 million for the quarter, compared to analyst estimates of $136.60 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.74%. During the same quarter in the prior year, the firm earned $0.08 earnings per share.

Other equities research analysts have also issued reports about the company. Barrington Research reduced their target price on Superior Group of Companies from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, August 21st. StockNews.com lowered Superior Group of Companies from a "strong-buy" rating to a "buy" rating in a report on Thursday, August 8th. Finally, DA Davidson restated a "buy" rating and issued a $24.00 target price on shares of Superior Group of Companies in a report on Tuesday, October 8th.

Superior Group of Companies Stock Down 2.0 %

Shares of Superior Group of Companies stock traded down $0.35 during trading on Friday, hitting $17.44. 62,470 shares of the stock traded hands, compared to its average volume of 93,337. The company has a fifty day moving average price of $15.06 and a two-hundred day moving average price of $17.05. Superior Group of Companies has a twelve month low of $9.86 and a twelve month 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 has a market cap of $292.47 million, a P/E ratio of 21.43, a PEG ratio of 2.22 and a beta of 1.42.

Institutional Trading of Superior Group of Companies

Institutional investors and hedge funds have recently modified their holdings of the company. EntryPoint Capital LLC bought a new stake in Superior Group of Companies in the first quarter valued at $28,000. US Bancorp DE grew its position in Superior Group of Companies by 148.4% in the third quarter. US Bancorp DE now owns 2,894 shares of the textile maker's stock valued at $45,000 after acquiring an additional 1,729 shares during the period. Lazard Asset Management LLC grew its position in Superior Group of Companies by 10,390.3% in the first quarter. Lazard Asset Management LLC now owns 7,553 shares of the textile maker's stock valued at $124,000 after acquiring an additional 7,481 shares during the period. Algert Global LLC bought a new stake in Superior Group of Companies in the second quarter valued at $192,000. Finally, Cannon Financial Strategists Inc. bought a new stake in Superior Group of Companies in the second quarter valued at $261,000. 33.75% of the stock is currently owned by institutional investors.

Insider Transactions at Superior Group of Companies

In other Superior Group of Companies news, Director Loreen M. Spencer purchased 3,500 shares of the business's stock in a transaction dated Wednesday, August 14th. The stock was bought at an average cost of $13.20 per share, for a total transaction of $46,200.00. Following the completion of the acquisition, the director now directly owns 7,266 shares in the company, valued at $95,911.20. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Michael Benstock acquired 10,000 shares of the stock in a transaction dated Friday, August 16th. The shares were acquired at an average cost of $13.45 per share, for a total transaction of $134,500.00. Following the completion of the transaction, the chief executive officer now owns 583,848 shares in the company, 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 accessible through the SEC website. Also, Director Loreen M. Spencer acquired 3,500 shares of the stock in a transaction dated 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 transaction, the director now owns 7,266 shares of the company's stock, valued at $95,911.20. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 15,500 shares of company stock worth $206,700 over the last three months. 27.10% of the stock is currently owned by insiders.

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 issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.21%. Superior Group of Companies's dividend payout ratio (DPR) is presently 67.47%.

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.