Superior Group of Companies (NASDAQ:SGC) Releases Earnings Results, Beats Expectations By $0.03 EPS

Superior Group of Companies (NASDAQ:SGC) released its quarterly earnings results on Tuesday. The textile maker reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03, FiscalAI reports. The business had revenue of $146.58 million for the quarter, compared to analysts’ expectations of $145.23 million. Superior Group of Companies had a return on equity of 2.89% and a net margin of 1.00%.

Superior Group of Companies Stock Performance

Shares of NASDAQ SGC traded up $0.11 during mid-day trading on Tuesday, hitting $10.07. The company had a trading volume of 24,463 shares, compared to its average volume of 41,109. Superior Group of Companies has a 12 month low of $8.30 and a 12 month high of $14.46. The stock has a market cap of $160.82 million, a price-to-earnings ratio of 27.97, a PEG ratio of 1.31 and a beta of 1.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.94 and a quick ratio of 1.83. The firm’s 50 day simple moving average is $10.01 and its two-hundred day simple moving average is $10.38.

Superior Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 16th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Friday, February 13th. Superior Group of Companies’s dividend payout ratio is presently 155.56%.

Hedge Funds Weigh In On Superior Group of Companies

Several hedge funds and other institutional investors have recently modified their holdings of SGC. Russell Investments Group Ltd. boosted its position in shares of Superior Group of Companies by 55.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,263 shares of the textile maker’s stock valued at $46,000 after purchasing an additional 1,520 shares in the last quarter. Deutsche Bank AG acquired a new stake in Superior Group of Companies during the fourth quarter valued at approximately $65,000. O Shaughnessy Asset Management LLC bought a new stake in Superior Group of Companies during the fourth quarter worth approximately $121,000. Bank of America Corp DE grew its position in Superior Group of Companies by 20.5% in the second quarter. Bank of America Corp DE now owns 14,780 shares of the textile maker’s stock worth $152,000 after buying an additional 2,511 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Superior Group of Companies by 6.1% in the second quarter. Ameriprise Financial Inc. now owns 17,708 shares of the textile maker’s stock valued at $182,000 after buying an additional 1,021 shares in the last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on SGC shares. Weiss Ratings restated a “hold (c)” rating on shares of Superior Group of Companies in a report on Thursday, January 22nd. Wall Street Zen lowered shares of Superior Group of Companies from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Superior Group of Companies currently has a consensus rating of “Moderate Buy” and an average price target of $17.33.

About Superior Group of Companies

Superior Group of Companies is a global developer and manufacturer of specialty packaging materials, including films, laminations and pressure-sensitive adhesives. Founded in 1969 and headquartered in Santa Fe Springs, California, the company combines advanced printing technologies with materials science expertise to deliver customized packaging solutions for industries such as food and beverage, healthcare, personal care and household products.

Through a network of manufacturing and distribution facilities across North America, Europe and Asia, Superior Group serves both multinational brand owners and regional producers.