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

by · The Markets Daily

Superior Group of Companies (NASDAQ:SGC – Get Free Report) issued its quarterly earnings data on Tuesday. The textile maker reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03, FiscalAI reports. The firm had revenue of $146.58 million during the quarter, compared to the consensus estimate 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 Trading Up 1.1%

Superior Group of Companies stock traded up $0.11 during midday trading on Tuesday, reaching $10.07. The stock had a trading volume of 24,945 shares, compared to its average volume of 41,406. The stock’s 50-day simple moving average is $10.01 and its 200 day simple moving average is $10.38. Superior Group of Companies has a twelve month low of $8.30 and a twelve month high of $14.46. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.83 and a current ratio of 2.94. The stock has a market capitalization of $160.82 million, a PE ratio of 27.97, a price-to-earnings-growth ratio of 1.31 and a beta of 1.47.

Superior Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 16th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Friday, February 13th. Superior Group of Companies’s dividend payout ratio (DPR) is 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. grew its holdings in shares of Superior Group of Companies by 23.2% during the 4th quarter. Russell Investments Group Ltd. now owns 5,252 shares of the textile maker’s stock worth $51,000 after purchasing an additional 989 shares during the period. Ameriprise Financial Inc. grew its stake in Superior Group of Companies by 6.1% during the second quarter. Ameriprise Financial Inc. now owns 17,708 shares of the textile maker’s stock worth $182,000 after buying an additional 1,021 shares during the period. Bridgeway Capital Management LLC increased its position in shares of Superior Group of Companies by 0.8% in the second quarter. Bridgeway Capital Management LLC now owns 176,303 shares of the textile maker’s stock worth $1,816,000 after acquiring an additional 1,331 shares in the last quarter. Barclays PLC increased its position in shares of Superior Group of Companies by 5.1% in the fourth quarter. Barclays PLC now owns 33,873 shares of the textile maker’s stock worth $328,000 after acquiring an additional 1,632 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Superior Group of Companies by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 269,508 shares of the textile maker’s stock valued at $2,609,000 after acquiring an additional 2,442 shares during the period. 33.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SGC. Weiss Ratings reiterated a “hold (c)” rating on shares of Superior Group of Companies in a research report on Thursday, January 22nd. Wall Street Zen cut 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.33.

Read Our Latest Stock Report on SGC

About Superior Group of Companies

(Get Free Report)

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.

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