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

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

Superior Group of Companies Price Performance

SGC opened at $13.44 on Monday. The stock has a 50-day moving average price of $12.78 and a 200-day moving average price of $11.93. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.60 and a quick ratio of 1.76. The firm has a market cap of $214.23 million, a PE ratio of 24.44, a P/E/G ratio of 2.10 and a beta of 1.46. Superior Group of Companies has a 1 year low of $8.30 and a 1 year high of $14.59.

Superior Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, November 16th. This represents a $0.56 annualized dividend and a dividend yield of 4.2%. Superior Group of Companies’s dividend payout ratio (DPR) is presently 101.82%.

Analyst Ratings Changes

Several research firms recently commented on SGC. Weiss Ratings reissued a “hold (c+)” rating on shares of Superior Group of Companies in a research note on Thursday, August 27th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Superior Group of Companies in a research note on Tuesday, November 3rd. DA Davidson upgraded shares of Superior Group of Companies to a “strong-buy” rating in a report on Monday, October 5th. Finally, Wall Street Zen raised Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $18.00.

About Superior Group of Companies

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.