Superior Group of Companies, Inc. (NASDAQ:SGC) to Post Q4 2022 Earnings of $0.20 Per Share, Barrington Research Forecasts

Superior Group of Companies, Inc. (NASDAQ:SGCGet Rating) – Equities researchers at Barrington Research lowered their Q4 2022 earnings per share estimates for Superior Group of Companies in a research report issued on Monday, November 14th. Barrington Research analyst K. Steinke now forecasts that the textile maker will earn $0.20 per share for the quarter, down from their prior estimate of $0.23. Barrington Research has a “Outperform” rating and a $22.00 price target on the stock. The consensus estimate for Superior Group of Companies’ current full-year earnings is $0.76 per share. Barrington Research also issued estimates for Superior Group of Companies’ FY2023 earnings at $1.40 EPS.

A number of other brokerages have also recently commented on SGC. StockNews.com started coverage on Superior Group of Companies in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. EF Hutton Acquisition Co. I reduced their price target on Superior Group of Companies from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, November 9th.

Superior Group of Companies Stock Down 2.6 %

Superior Group of Companies stock opened at $9.95 on Wednesday. The stock has a market cap of $162.54 million, a PE ratio of -5.16 and a beta of 1.04. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.11 and a current ratio of 3.60. Superior Group of Companies has a one year low of $8.52 and a one year high of $25.79. The stock has a fifty day moving average of $9.70 and a 200 day moving average of $14.15.

Hedge Funds Weigh In On Superior Group of Companies

A number of hedge funds have recently made changes to their positions in SGC. Wellington Management Group LLP bought a new position in shares of Superior Group of Companies in the first quarter worth about $1,262,000. Neuberger Berman Group LLC boosted its stake in shares of Superior Group of Companies by 15.2% in the third quarter. Neuberger Berman Group LLC now owns 442,875 shares of the textile maker’s stock worth $3,933,000 after acquiring an additional 58,350 shares during the period. Parthenon LLC boosted its stake in shares of Superior Group of Companies by 58.5% in the third quarter. Parthenon LLC now owns 81,310 shares of the textile maker’s stock worth $722,000 after acquiring an additional 30,000 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Superior Group of Companies by 11.7% in the second quarter. Wells Fargo & Company MN now owns 226,195 shares of the textile maker’s stock worth $4,014,000 after acquiring an additional 23,636 shares during the period. Finally, Ancora Advisors LLC bought a new position in shares of Superior Group of Companies in the first quarter worth about $596,000. Institutional investors own 41.58% of the company’s stock.

Superior Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date is Thursday, November 17th. Superior Group of Companies’s dividend payout ratio (DPR) is -29.02%.

Superior Group of Companies Company Profile

(Get Rating)

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Uniforms and Related Products, Remote Staffing Solutions, and Promotional Products. The Uniforms and Related Products segment manufactures and sells a range of uniforms, corporate identity apparel, career apparel, and accessories for personnel of hospitals and healthcare facilities; hotels; food and other restaurants; retail stores; special purpose industrial facilities; commercial markets; transportation; public and private safety and security organizations; and miscellaneous service uses.

Further Reading

Receive News & Ratings for Superior Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.