Brokerages Anticipate Superior Group of Companies Inc (NASDAQ:SGC) to Post $0.19 EPS

Shares of Superior Group of Companies Inc (NASDAQ:SGC) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price objective of $22.00 for the company and are expecting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given Superior Group of Companies an industry rank of 13 out of 256 based on the ratings given to related companies.

Several equities research analysts have commented on the company. Barrington Research reissued a “buy” rating on shares of Superior Group of Companies in a report on Wednesday, April 24th. ValuEngine raised Superior Group of Companies from a “sell” rating to a “hold” rating in a report on Wednesday, June 12th. BidaskClub raised Superior Group of Companies from a “sell” rating to a “hold” rating in a report on Friday, April 19th. Finally, Zacks Investment Research raised Superior Group of Companies from a “strong sell” rating to a “hold” rating in a report on Thursday.

In other news, Director Robin Hensley sold 1,907 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $16.50, for a total transaction of $31,465.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 31.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Superior Group of Companies by 0.4% in the fourth quarter. BlackRock Inc. now owns 542,623 shares of the textile maker’s stock valued at $9,577,000 after acquiring an additional 1,941 shares during the period. Wasatch Advisors Inc. lifted its holdings in Superior Group of Companies by 16.1% in the first quarter. Wasatch Advisors Inc. now owns 455,782 shares of the textile maker’s stock valued at $7,575,000 after acquiring an additional 63,218 shares during the period. First Wilshire Securities Management Inc. lifted its holdings in Superior Group of Companies by 1,123.0% in the fourth quarter. First Wilshire Securities Management Inc. now owns 201,569 shares of the textile maker’s stock valued at $3,558,000 after acquiring an additional 185,087 shares during the period. North Star Investment Management Corp. lifted its holdings in Superior Group of Companies by 8.1% in the first quarter. North Star Investment Management Corp. now owns 139,085 shares of the textile maker’s stock valued at $2,312,000 after acquiring an additional 10,383 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Superior Group of Companies by 5.0% in the fourth quarter. Bank of New York Mellon Corp now owns 88,381 shares of the textile maker’s stock valued at $1,560,000 after acquiring an additional 4,179 shares during the period. 36.08% of the stock is currently owned by institutional investors.

Superior Group of Companies stock traded up $0.26 during mid-day trading on Friday, hitting $18.01. The company had a trading volume of 9,408 shares, compared to its average volume of 39,269. The company has a quick ratio of 2.30, a current ratio of 3.46 and a debt-to-equity ratio of 0.67. The business has a 50 day simple moving average of $17.05. Superior Group of Companies has a 12 month low of $15.01 and a 12 month high of $22.36. The company has a market capitalization of $276.35 million, a P/E ratio of 15.26, a PEG ratio of 1.27 and a beta of -0.09.

Superior Group of Companies (NASDAQ:SGC) last released its earnings results on Thursday, April 25th. The textile maker reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.08). Superior Group of Companies had a return on equity of 12.12% and a net margin of 4.70%. The company had revenue of $86.55 million during the quarter, compared to the consensus estimate of $92.07 million. Equities research analysts predict that Superior Group of Companies will post 1.05 EPS for the current fiscal year.

Superior Group of Companies Company Profile

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 health facilities; hotels; food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; airlines; public and private safety and security organizations; and miscellaneous service uses.

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