Research Analysts Issue Forecasts for SGC FY2024 Earnings

Superior Group of Companies, Inc. (NASDAQ:SGC) – Investment analysts at Sidoti Csr upped their FY2024 earnings per share estimates for Superior Group of Companies in a note issued to investors on Thursday, November 7th. Sidoti Csr analyst J. Sidoti now anticipates that the textile maker will post earnings per share of $0.78 for the year, up from their prior 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.

A number of other equities research analysts have also commented on the stock. StockNews.com lowered shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th. DA Davidson reissued 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. Finally, Barrington Research decreased their price objective 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.

Superior Group of Companies Stock Performance

Shares of NASDAQ:SGC opened at $17.44 on Friday. Superior Group of Companies has a 1 year low of $9.86 and a 1 year high of $21.80. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.82 and a quick ratio of 1.82. The company’s 50 day simple moving average is $15.12 and its 200 day simple moving average is $17.06. The stock has a market capitalization of $292.54 million, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 2.22 and a beta of 1.42.

Superior Group of Companies (NASDAQ:SGC) last issued its earnings results on Wednesday, November 6th. The textile maker reported $0.33 earnings per share 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 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 period in the previous year, the company earned $0.19 earnings per share.

Superior Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Wednesday, November 13th. Superior Group of Companies’s payout ratio is currently 67.47%.

Insiders Place Their Bets

In related news, insider Jake Himelstein purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average price of $13.00 per share, for a total transaction of $26,000.00. Following the completion of 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Jake Himelstein bought 2,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average cost of $13.00 per share, for a total transaction of $26,000.00. Following the purchase, the insider now owns 40,825 shares in the company, valued at approximately $530,725. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Loreen M. Spencer purchased 3,500 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average price of $13.20 per share, for a total transaction of $46,200.00. Following the completion of the purchase, the director now owns 7,266 shares in the company, valued at approximately $95,911.20. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 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 corporate insiders.

Institutional Trading of Superior Group of Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC raised its position in Superior Group of Companies by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 81,637 shares of the textile maker’s stock valued at $1,265,000 after purchasing an additional 4,154 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in Superior Group of Companies by 44.2% during the third quarter. GSA Capital Partners LLP now owns 20,098 shares of the textile maker’s stock worth $311,000 after buying an additional 6,158 shares during the period. North Star Investment Management Corp. boosted its position in Superior Group of Companies by 16.1% during the 3rd quarter. North Star Investment Management Corp. now owns 389,775 shares of the textile maker’s stock valued at $6,038,000 after acquiring an additional 54,000 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Superior Group of Companies by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 58,213 shares of the textile maker’s stock worth $902,000 after acquiring an additional 1,900 shares in the last quarter. Finally, US Bancorp DE grew its stake 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 purchasing an additional 1,729 shares during the last quarter. 33.75% of the stock is currently owned by institutional investors.

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.