Superior Group of Companies, Inc. (NASDAQ:SGC) Expected to Post Q3 2024 Earnings of $0.20 Per Share

Superior Group of Companies, Inc. (NASDAQ:SGC) – Stock analysts at Sidoti Csr upped their Q3 2024 earnings per share estimates for shares of Superior Group of Companies in a research report issued to clients and investors on Wednesday, August 7th. Sidoti Csr analyst J. Sidoti now anticipates that the textile maker will earn $0.20 per share for the quarter, up from their prior estimate of $0.19. The consensus estimate for Superior Group of Companies’ current full-year earnings is $0.75 per share. Sidoti Csr also issued estimates for Superior Group of Companies’ Q4 2024 earnings at $0.26 EPS and FY2024 earnings at $0.74 EPS.

SGC has been the topic of a number of other research reports. Barrington Research reissued an “outperform” rating and set a $22.00 price objective on shares of Superior Group of Companies in a research note on Tuesday, May 28th. StockNews.com lowered Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Finally, DA Davidson reaffirmed a “buy” rating and issued a $24.00 target price on shares of Superior Group of Companies in a research report on Monday, June 24th.

Superior Group of Companies Trading Up 6.6 %

SGC stock opened at $12.65 on Friday. The firm has a market cap of $211.89 million, a P/E ratio of 17.33, a PEG ratio of 2.33 and a beta of 1.46. The company’s 50-day simple moving average is $19.17 and its 200-day simple moving average is $17.24. The company has a quick ratio of 1.98, a current ratio of 3.03 and a debt-to-equity ratio of 0.42. Superior Group of Companies has a 52-week low of $7.36 and a 52-week high of $21.80.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings results on Tuesday, August 6th. The textile maker reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.06). The business had revenue of $131.74 million during the quarter, compared to analysts’ expectations of $136.60 million. Superior Group of Companies had a return on equity of 5.65% and a net margin of 2.02%. During the same period in the previous year, the company posted $0.08 EPS.

Superior Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Saturday, August 17th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Friday, August 16th. Superior Group of Companies’s dividend payout ratio is currently 76.71%.

Institutional Trading of Superior Group of Companies

Several institutional investors and hedge funds have recently bought and sold shares of SGC. Allspring Global Investments Holdings LLC acquired a new position in Superior Group of Companies in the 4th quarter valued at about $462,000. Redmont Wealth Advisors LLC raised its stake in shares of Superior Group of Companies by 16.8% during the fourth quarter. Redmont Wealth Advisors LLC now owns 77,760 shares of the textile maker’s stock worth $1,050,000 after purchasing an additional 11,168 shares during the last quarter. Aegis Financial Corp raised its stake in shares of Superior Group of Companies by 10.7% during the fourth quarter. Aegis Financial Corp now owns 421,036 shares of the textile maker’s stock worth $5,684,000 after purchasing an additional 40,749 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Superior Group of Companies during the fourth quarter worth $113,000. Finally, Prosperity Consulting Group LLC purchased a new position in Superior Group of Companies in the 1st quarter valued at $597,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

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.