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

Superior Group of Companies (NASDAQ:SGC) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.730-0.790 for the period, compared to the consensus EPS estimate of 0.740. The company issued revenue guidance of $563.0 million-$570.0 million, compared to the consensus revenue estimate of $564.2 million.

Superior Group of Companies Stock Performance

Superior Group of Companies stock traded down $0.35 during mid-day trading on Friday, reaching $17.44. 62,470 shares of the company’s stock were exchanged, compared to its average volume of 93,337. The business’s fifty day simple moving average is $15.12 and its 200 day simple moving average is $17.06. The company has a quick ratio of 1.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.36. Superior Group of Companies has a one year low of $9.86 and a one year high of $21.80. The firm has a market capitalization of $292.47 million, a PE ratio of 21.01, a P/E/G ratio of 2.22 and a beta of 1.42.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings results on Tuesday, August 6th. The textile maker reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The company 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 6.74% and a net margin of 2.37%. During the same period last year, the firm posted $0.08 earnings per share. On average, sell-side analysts expect that Superior Group of Companies will post 0.74 earnings per share for the current year.

Superior Group of Companies Dividend Announcement

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 given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Wednesday, November 13th. Superior Group of Companies’s dividend payout ratio is 67.47%.

Analyst Upgrades and Downgrades

SGC has been the subject of several research analyst reports. DA Davidson restated a “buy” rating and set a $24.00 price target on shares of Superior Group of Companies in a research note on Tuesday, October 8th. Barrington Research decreased their target price on 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. Finally, StockNews.com lowered Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th.

Insider Activity

In related news, CEO Michael Benstock bought 10,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were purchased at an average price of $13.45 per share, for a total transaction of $134,500.00. Following the completion of the transaction, the chief executive officer now directly owns 583,848 shares in the company, valued at approximately $7,852,755.60. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Michael Benstock bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average price of $13.45 per share, with a total value of $134,500.00. Following the acquisition, the chief executive officer now owns 583,848 shares of the company’s stock, valued at approximately $7,852,755.60. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jake Himelstein purchased 2,000 shares of Superior Group of Companies stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average price of $13.00 per share, with a total value of $26,000.00. Following the completion of the transaction, the insider now directly 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 disclosure for this purchase can be found here. Insiders have acquired a total of 15,500 shares of company stock valued at $206,700 over the last quarter. Company insiders own 27.10% 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.