Brokers Sidoti Csr cut earnings estimates for Superior Group of Companies, Inc. (NASDAQ:SGC)

VaselineOctober 1, 2024

0 4 minutes read

Superior Group of Companies, Inc. (NASDAQ:SGC – Free Report) – Investment analysts at Sidoti Csr dropped their Q1 2025 EPS estimates for Superior Group of Companies in a research note issued on Thursday, September 26th. Csr Sidoti analyst J. Sidoti now expects that the textile maker will post earnings of $0.17 per share for the quarter, down from their prior forecast of $0.24. The consensus estimate for Superior Group of Companies’ current earnings for the full year is $0.74 per share. Sidoti Csr also issued estimates for Superior Group of Companies’ Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.34 EPS and Q4 2025 earnings at $0.34 EPS. FY2026 at $1.32 EPS.

Superior Group of Companies (NASDAQ:SGC – Get Free Report ) last announced its earnings results on Tuesday, August 6th. The textile maker reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.06). The business had revenue of $131.74 million for the quarter, compared to the consensus estimate of $136.60 million. Superior Group of Companies had a net margin of 2.02% and a return on equity of 5.63%. In the same quarter last year, the company posted earnings of $0.08 per share.

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Other equities analysts recently issued reports on the stock. DA Davidson reaffirmed a “buy” rating and set a $24.00 target price on shares of Superior Group of Companies in a research note on Monday, June 24th. StockNews.com lowered shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th. Finally, Barrington Research cut their price target on shares of Superior Group of Companies from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, August 21st. .

Get the latest report on SGC

The performance of the top stock of the group of companies

SGC opened at $15.49 on Monday. The firm has a market cap of $259.38 million, a P/E ratio of 21.22, a PEG ratio of 2.06 and a beta of 1.42. Superior Group of Companies has a 1 year low of $7.38 and a 1 year high of $21.80. The company has a 50 day simple moving average of $15.31 and a two hundred day simple moving average of $17.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.82, and a quick ratio of 1.82.

Institutional investors intervene in the top group of companies

Large investors have recently modified their holdings in the business. EntryPoint Capital LLC purchased a new position in shares of Superior Group of Companies in the first quarter valued at approximately $28,000. Vanguard Group Inc. raised its stake in shares of Superior Group of Companies by 0.5% in the first quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker’s stock worth $9,972,000 after purchasing an additional 2,799 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Superior Group of Companies by 13.6% in the first quarter. Russell Investments Group Ltd. now owns 34,259 shares of the textile maker’s stock worth $566,000 after buying an additional 4,090 shares during the period. Lazard Asset Management LLC boosted its stake in Superior Group of Companies by 10,390.3% in the first quarter. Lazard Asset Management LLC now owns 7,553 shares of the textile maker’s stock valued at $124,000 after purchasing an additional 7,481 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Superior Group of Companies by 68.5% in the first quarter. Acadian Asset Management LLC now owns 19,557 shares of the textile maker’s stock worth $321,000 after buying an additional 7,953 shares in the last quarter. Hedge funds and other institutional investors own 33.75% of the company’s shares.

Insider buying and selling

In other Superior Group of Companies news, CEO Michael Benstock purchased 10,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were acquired at an average cost of $13.45 per share, for a total transaction of $134,500.00. Following the purchase, the chief executive officer now owns 583,848 shares in the company, valued at approximately $7,852,755.60. The acquisition was disclosed in a filing with the SEC, which can be accessed via this hyperlink. In related news, Director Loreen M. Spencer purchased 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average price of $13.20 per share, with a total value of $46,200.00. Following the purchase, the director now owns 7,266 shares in the company, valued at $95,911.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, CEO Michael Benstock acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average cost of $13.45 per share, with a total value of $134,500.00. Following the purchase, the chief executive officer now owns 583,848 shares in the company, valued at approximately $7,852,755.60. Disclosure for this purchase can be found here. Insiders have acquired 15,500 shares of company stock worth $206,700 over the last three months. Corporate insiders own 27.10% of the company’s shares.

Announcement regarding the dividends of the Superior Group of Companies

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Saturday, August 17th were paid a $0.14 dividend. This represents a dividend of $0.56 on an annualized basis and a yield of 3.62%. The ex-dividend date was Friday, August 16. The dividend payout ratio (DPR) of the Superior Group of Companies is currently 76.71%.

About the Superior Group of Companies

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Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel and Contact Centers. The Branded Products segment manufactures and sells customized merchandising solutions, promotional products and branded uniforms for chain retailers, foodservice, entertainment, technology, transportation and other industries under the BAMKO and HPI brands.