Superior Group of Companies (NASDAQ:SGC) Updates FY 2024 Earnings Guidance

Superior Group of Companies (NASDAQ:SGC) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.730-0.790 for the period, compared to the consensus earnings per share 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.

Superior Group of Companies Stock Performance

Shares of SGC traded down $0.03 during mid-day trading on Thursday, hitting $19.91. 207,413 shares of the company’s stock were exchanged, compared to its average volume of 63,962. Superior Group of Companies has a fifty-two week low of $7.36 and a fifty-two week high of $20.29. The business’s 50 day moving average is $16.16 and its two-hundred day moving average is $13.79. The company has a current ratio of 2.78, a quick ratio of 1.80 and a debt-to-equity ratio of 0.45. 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.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings data on Wednesday, March 13th. The textile maker reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $142.59 million. On average, equities analysts expect that Superior Group of Companies will post 0.64 earnings per share for the current year.

Superior Group of Companies Announces Dividend

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

Analysts Set New Price Targets

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

Insider Transactions at Superior Group of Companies

In related news, Director Paul V. Mellini sold 6,000 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 $15.66, for a total transaction of $93,960.00. Following the completion of the transaction, the director now directly owns 92,955 shares in the company, valued at approximately $1,455,675.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Paul V. Mellini sold 6,000 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $15.66, for a total value of $93,960.00. Following the completion of the transaction, the director now owns 92,955 shares of the company’s stock, valued at approximately $1,455,675.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Philip Koosed sold 9,000 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were 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 owns 82,436 shares in the company, valued at $1,289,299.04. The disclosure for this sale can be found here. Corporate 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.