Research Analysts Set Expectations for SGC FY2024 Earnings

Superior Group of Companies, Inc. (NASDAQ:SGC) – Equities researchers at Barrington Research upped their FY2024 earnings per share estimates for shares of Superior Group of Companies in a research note issued to investors on Monday, November 11th. Barrington Research analyst K. Steinke now expects that the textile maker will post earnings of $0.77 per share for the year, up from their previous estimate of $0.73. Barrington Research has a “Outperform” rating and a $21.00 price objective on the stock. The consensus estimate for Superior Group of Companies’ current full-year earnings is $0.75 per share. Barrington Research also issued estimates for Superior Group of Companies’ Q4 2024 earnings at $0.17 EPS and FY2025 earnings at $0.96 EPS.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings data on Wednesday, November 6th. The textile maker reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. The business had revenue of $149.69 million for the quarter, compared to analyst estimates of $143.03 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. During the same quarter in the previous year, the firm posted $0.19 earnings per share.

A number of other analysts also recently issued reports on the company. StockNews.com downgraded Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. DA Davidson reiterated a “buy” rating and set a $24.00 price objective on shares of Superior Group of Companies in a research note on Tuesday, October 8th.

Superior Group of Companies Trading Up 1.5 %

Shares of NASDAQ:SGC opened at $16.54 on Thursday. The company’s 50-day moving average price is $15.30 and its two-hundred day moving average price is $17.06. Superior Group of Companies has a one year low of $9.86 and a one year high of $21.80. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87. The stock has a market capitalization of $270.26 million, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.24 and a beta of 1.42.

Institutional Trading of Superior Group of Companies

A number of hedge funds have recently made changes to their positions in SGC. Hillsdale Investment Management Inc. lifted its stake in shares of Superior Group of Companies by 1,312.8% during the 1st quarter. Hillsdale Investment Management Inc. now owns 117,944 shares of the textile maker’s stock worth $1,948,000 after buying an additional 109,596 shares during the last quarter. American Century Companies Inc. lifted its position in Superior Group of Companies by 81.0% during the second quarter. American Century Companies Inc. now owns 230,235 shares of the textile maker’s stock worth $4,354,000 after acquiring an additional 103,051 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Superior Group of Companies by 83.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 192,088 shares of the textile maker’s stock worth $3,632,000 after acquiring an additional 87,481 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of Superior Group of Companies in the first quarter valued at approximately $1,128,000. Finally, Empowered Funds LLC increased its stake in shares of Superior Group of Companies by 369.4% during the first quarter. Empowered Funds LLC now owns 71,903 shares of the textile maker’s stock worth $1,188,000 after purchasing an additional 56,584 shares during the period. 33.75% of the stock is owned by institutional investors and hedge funds.

Superior Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.56 annualized dividend and a yield of 3.39%. Superior Group of Companies’s dividend payout ratio (DPR) is currently 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.