Superior Group of Companies (NASDAQ:SGC) Releases Earnings Results, Misses Estimates By $0.01 EPS

Superior Group of Companies (NASDAQ:SGC) issued its quarterly earnings data on Monday. The textile maker reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01), FiscalAI reports. Superior Group of Companies had a return on equity of 5.29% and a net margin of 1.44%. The firm had revenue of $145.99 million during the quarter, compared to analysts’ expectations of $143.48 million.

Superior Group of Companies Stock Performance

Shares of NASDAQ:SGC opened at $13.44 on Monday. Superior Group of Companies has a 52-week low of $8.30 and a 52-week high of $14.59. The stock has a market cap of $214.23 million, a price-to-earnings ratio of 24.44, a PEG ratio of 2.10 and a beta of 1.46. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $12.78 and a 200-day moving average price of $11.93.

Superior Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.2%. Superior Group of Companies’s dividend payout ratio is currently 101.82%.

Analyst Upgrades and Downgrades

SGC has been the subject of several recent analyst reports. Wall Street Zen raised Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Superior Group of Companies in a report on Thursday, August 27th. Cantor Fitzgerald restated a “buy” rating on shares of Superior Group of Companies in a report on Tuesday, November 3rd. Finally, DA Davidson raised shares of Superior Group of Companies to a “strong-buy” rating in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $18.00.

Superior Group of Companies Company Profile

Superior Group of Companies, Inc is a diversified provider of healthcare apparel, branded products and business services. The company operates through businesses that serve healthcare organizations, commercial enterprises and other institutional customers.

Its healthcare apparel operations provide uniforms, medical apparel and related products for healthcare professionals and facilities. The company’s product portfolio has included brands such as Fashion Seal Healthcare, WonderWink and Medelita, offering scrubs, lab coats, outerwear and other workwear.