Super Group (SGHC) (NYSE:SGHC) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Super Group (SGHC) (NYSE:SGHC) issued its earnings results on Tuesday. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09, FiscalAI reports. Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. The business had revenue of $611.00 million during the quarter, compared to analysts’ expectations of $623.50 million.

Super Group (SGHC) Stock Up 4.3%

Shares of NYSE SGHC traded up $0.47 during trading hours on Tuesday, hitting $11.29. 6,026,176 shares of the stock were exchanged, compared to its average volume of 2,988,217. Super Group has a 12 month low of $8.46 and a 12 month high of $15.86. The firm has a fifty day moving average price of $12.21 and a 200-day moving average price of $12.14. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.71 billion, a PE ratio of 15.62 and a beta of 1.10.

Super Group (SGHC) Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, September 22nd. Super Group (SGHC)’s payout ratio is 27.78%.

Insider Activity at Super Group (SGHC)

In other Super Group (SGHC) news, CTO Alon Ben – David sold 23,300 shares of Super Group (SGHC) stock in a transaction on Monday, September 14th. The shares were sold at an average price of $13.79, for a total value of $321,307.00. Following the transaction, the chief technology officer directly owned 7,814 shares of the company’s stock, valued at approximately $107,755.06. The trade was a 74.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Kirsty Ross sold 40,000 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $14.00, for a total value of $560,000.00. Following the completion of the sale, the chief operating officer directly owned 48,261 shares of the company’s stock, valued at $675,654. The trade was a 45.32% decrease in their position. The SEC filing for this sale provides additional information. 10.41% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SGHC shares. Wall Street Zen downgraded shares of Super Group (SGHC) from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Needham & Company LLC upped their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Citizens Jmp restated a “market outperform” rating and set a $19.00 price objective on shares of Super Group (SGHC) in a research report on Monday, August 31st. Benchmark upped their target price on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Super Group (SGHC) Company Profile

Super Group (SGHC) Ltd. is a global online sports betting and gaming company. Its principal brands are Betway, an online sportsbook and casino operator, and Spin, an online casino brand. Through these businesses, Super Group offers sports wagering, casino games, live casino products and related digital gaming services.

The company serves customers across multiple international markets, including regions in Africa, Asia, Europe, North America and South America, subject to local regulatory requirements.