Superior Uniform Group, Inc. (SGC) Releases Earnings Results, Beats Estimates By $0.01 EPS

Superior Uniform Group, Inc. (NASDAQ:SGC) announced its earnings results on Thursday. The textile maker reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01, MarketWatch Earnings reports. Superior Uniform Group had a return on equity of 15.04% and a net margin of 6.79%. The firm had revenue of $67.77 million for the quarter, compared to the consensus estimate of $68.06 million.

Superior Uniform Group (NASDAQ:SGC) traded up 1.94% during trading on Friday, reaching $23.70. The company had a trading volume of 10,376 shares. The firm has a market capitalization of $350.10 million, a PE ratio of 20.81 and a beta of -0.01. Superior Uniform Group has a 12-month low of $15.79 and a 12-month high of $23.97. The firm’s 50 day moving average price is $22.95 and its 200 day moving average price is $21.23.

SGC has been the topic of a number of research analyst reports. BidaskClub downgraded Superior Uniform Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Barrington Research boosted their target price on Superior Uniform Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded Superior Uniform Group from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, September 19th.

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In other Superior Uniform Group news, insider Philip Koosed sold 17,500 shares of Superior Uniform Group stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $21.56, for a total value of $377,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 34.70% of the company’s stock.

A hedge fund recently raised its stake in Superior Uniform Group stock. State Street Corp boosted its stake in Superior Uniform Group, Inc. (NASDAQ:SGC) by 11.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,255 shares of the textile maker’s stock after purchasing an additional 11,632 shares during the period. State Street Corp owned approximately 0.77% of Superior Uniform Group worth $2,531,000 at the end of the most recent quarter. 39.69% of the stock is owned by institutional investors.

About Superior Uniform Group

Superior Uniform Group, Inc (Superior) manufactures and sells a range of uniforms, corporate identity apparel, career apparel and accessories for the medical and health fields, as well as for the industrial, commercial, leisure and public safety markets. Superior operates through two segments: Uniforms and Related Products, and Remote Staffing Solutions.

Earnings History for Superior Uniform Group (NASDAQ:SGC)

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