Superior Group of Companies (SGC) Releases Earnings Results, Beats Expectations By $0.08 EPS

Superior Group of Companies (NASDAQ:SGC) issued its earnings results on Thursday, July 26th. The textile maker reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.08, MarketWatch Earnings reports. Superior Group of Companies had a return on equity of 13.76% and a net margin of 4.44%. The firm had revenue of $82.39 million for the quarter, compared to the consensus estimate of $86.38 million.

Superior Group of Companies opened at $19.42 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.76 and a quick ratio of 3.11. The stock has a market capitalization of $291.99 million, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.18 and a beta of -0.30. Superior Group of Companies has a 1-year low of $18.53 and a 1-year high of $28.85.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 29th. Stockholders of record on Wednesday, August 15th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 14th. This is a positive change from Superior Group of Companies’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a dividend yield of 2.06%. Superior Group of Companies’s dividend payout ratio (DPR) is 30.40%.

A number of research analysts have recently commented on SGC shares. BidaskClub cut Superior Group of Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, June 12th. Zacks Investment Research lowered Superior Group of Companies from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Finally, Barrington Research set a $29.00 target price on Superior Group of Companies and gave the stock a “buy” rating in a research report on Monday, May 7th.

In other news, insider Philip Koosed sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $19.72, for a total value of $295,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 34.70% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its stake in Superior Group of Companies by 14.3% during the 2nd quarter. BlackRock Inc. now owns 532,457 shares of the textile maker’s stock valued at $11,027,000 after purchasing an additional 66,787 shares during the last quarter. Prescott Group Capital Management L.L.C. acquired a new position in Superior Group of Companies during the 1st quarter valued at about $1,759,000. Millennium Management LLC boosted its stake in Superior Group of Companies by 157.4% during the 1st quarter. Millennium Management LLC now owns 27,008 shares of the textile maker’s stock valued at $710,000 after purchasing an additional 16,517 shares during the last quarter. Deutsche Bank AG boosted its stake in Superior Group of Companies by 83.1% during the 4th quarter. Deutsche Bank AG now owns 24,573 shares of the textile maker’s stock valued at $655,000 after purchasing an additional 11,154 shares during the last quarter. Finally, Grove Bank & Trust purchased a new position in shares of Superior Group of Companies in the 1st quarter worth approximately $473,000. Institutional investors own 35.02% 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: Uniforms and Related Products, Remote Staffing Solutions, and Promotional Products. The Uniforms and Related Products segment manufactures and sells a range of uniforms, corporate identity apparel, career apparel, and accessories for the personnel of hospitals and health facilities; hotels, commercial buildings, residential buildings, and food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; public and private safety and security organizations; and miscellaneous service uses.

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Earnings History for Superior Group of Companies (NASDAQ:SGC)

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