Superior Group of Companies (NASDAQ:SGC) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Superior Group of Companies (NASDAQ:SGC - Get Free Report) announced its quarterly earnings data on Wednesday. The textile maker reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.13, Zacks reports. The business had revenue of $149.69 million for the quarter, compared to the consensus estimate of $143.03 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 posted $0.19 earnings per share. Superior Group of Companies updated its FY 2024 guidance to 0.730-0.790 EPS.

Superior Group of Companies Stock Down 2.0 %

NASDAQ SGC traded down $0.35 during trading hours on Friday, reaching $17.44. 62,480 shares of the company traded hands, compared to its average volume of 93,337. Superior Group of Companies has a 12 month low of $9.86 and a 12 month high of $21.80. The company has a current ratio of 2.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $292.54 million, a PE ratio of 21.01, a PEG ratio of 2.22 and a beta of 1.42. The company has a 50 day moving average of $15.12 and a two-hundred day moving average of $17.06.

Superior Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid 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 yield of 3.21%. Superior Group of Companies's dividend payout ratio (DPR) is 67.47%.

Insider Buying and Selling at Superior Group of Companies

In other Superior Group of Companies news, insider Jake Himelstein purchased 2,000 shares of Superior Group of Companies stock in a transaction dated Wednesday, August 14th. The shares were bought at an average cost of $13.00 per share, for a total transaction of $26,000.00. Following the transaction, the insider now owns 40,825 shares in the company, valued at $530,725. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Jake Himelstein acquired 2,000 shares of the company's stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average price of $13.00 per share, with a total value of $26,000.00. Following the acquisition, the insider now directly owns 40,825 shares in the company, valued at approximately $530,725. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Benstock acquired 10,000 shares of the company's stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average cost of $13.45 per share, for a total transaction of $134,500.00. Following the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 15,500 shares of company stock worth $206,700 in the last ninety days. 27.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SGC shares. Barrington Research dropped their price target on shares of Superior Group of Companies from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Wednesday, August 21st. DA Davidson reaffirmed a "buy" rating and set a $24.00 price target on shares of Superior Group of Companies in a research report on Tuesday, October 8th. Finally, StockNews.com lowered shares of Superior Group of Companies from a "strong-buy" rating to a "buy" rating in a research report on Thursday, August 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.