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

Superior Group of Companies (NASDAQ:SGC) released its quarterly earnings data 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. Superior Group of Companies had a return on equity of 5.29% and a net margin of 1.44%. The business had revenue of $145.99 million during the quarter, compared to analyst estimates of $143.48 million.

Superior Group of Companies Stock Performance

Shares of NASDAQ SGC opened at $13.44 on Monday. The company’s fifty day moving average price is $12.78 and its 200 day moving average price is $11.93. Superior Group of Companies has a 1 year low of $8.30 and a 1 year high of $14.59. The company has a market capitalization of $214.23 million, a PE ratio of 24.44, a price-to-earnings-growth ratio of 2.10 and a beta of 1.46. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.76 and a current ratio of 2.60.

Superior Group of Companies Announces Dividend

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

Wall Street Analyst Weigh In

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