FY2024 EPS Estimates for SGC Boosted by Barrington Research

Superior Group of Companies, Inc. (NASDAQ:SGC) – Analysts at Barrington Research lifted their FY2024 earnings per share estimates for Superior Group of Companies in a research note issued on Monday, November 11th. Barrington Research analyst K. Steinke now expects that the textile maker will post earnings per share of $0.77 for the year, up from their prior estimate of $0.73. Barrington Research has a “Outperform” rating and a $21.00 price target 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 posted 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. Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. The business had revenue of $149.69 million for the quarter, compared to analyst estimates of $143.03 million. During the same period in the previous year, the company posted $0.19 earnings per share.

SGC has been the topic of a number of other reports. DA Davidson reaffirmed a “buy” rating and set a $24.00 price objective on shares of Superior Group of Companies in a report on Tuesday, October 8th. StockNews.com cut Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th.

Superior Group of Companies Stock Up 1.5 %

Shares of SGC stock opened at $16.54 on Thursday. 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 fifty day moving average price of $15.30 and a 200 day moving average price of $17.06. The stock has a market cap of $270.26 million, a P/E 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 institutional investors and hedge funds have recently modified their holdings of SGC. Janney Montgomery Scott LLC acquired a new stake in Superior Group of Companies during the 1st quarter worth $901,000. Empowered Funds LLC raised its position 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. Russell Investments Group Ltd. lifted its holdings in shares of Superior Group of Companies by 13.6% during the 1st quarter. Russell Investments Group Ltd. now owns 34,259 shares of the textile maker’s stock valued at $566,000 after purchasing an additional 4,090 shares in the last quarter. Vanguard Group Inc. increased its stake in Superior Group of Companies by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker’s stock worth $9,972,000 after purchasing an additional 2,799 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Superior Group of Companies by 68.5% during the 1st quarter. Acadian Asset Management LLC now owns 19,557 shares of the textile maker’s stock worth $321,000 after buying an additional 7,953 shares during the period. 33.75% of the stock is owned by institutional investors.

Superior Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.56 dividend on an annualized basis and a yield of 3.39%. Superior Group of Companies’s dividend payout ratio is presently 67.47%.

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.