Somnigroup International Inc. (NYSE:SGI) Stock to Pay Quarterly Dividend of $0.17

Somnigroup International Inc. (NYSE:SGI) announced a quarterly dividend on Sunday, November 8th. Stockholders of record on Monday, November 23rd will be given a dividend of $0.17 per share on Monday, December 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, November 23rd.

Somnigroup International Stock Up 3.7%

NYSE:SGI opened at $66.53 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.75 and a quick ratio of 0.37. The company’s fifty day moving average price is $64.48 and its 200-day moving average price is $73.08. Somnigroup International has a 1-year low of $60.08 and a 1-year high of $98.56. The firm has a market capitalization of $14.00 billion, a P/E ratio of 26.61, a PEG ratio of 1.14 and a beta of 1.30.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings results on Monday, November 9th. The company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.02). The company had revenue of $2.35 billion for the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-2.950 EPS. As a group, equities research analysts anticipate that Somnigroup International will post 3.10 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SGI. Wall Street Zen upgraded Somnigroup International from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. UBS Group lifted their price target on Somnigroup International from $94.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Zacks Research downgraded Somnigroup International from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 5th. Morgan Stanley assumed coverage on Somnigroup International in a research report on Monday, July 27th. They issued an “overweight” rating and a $95.00 price objective on the stock. Finally, Truist Financial dropped their price objective on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

About Somnigroup International

Somnigroup International, Inc is a bedding company that designs, manufactures, distributes and sells mattresses and related sleep products. Its offerings include adjustable bases, pillows and other bedding accessories, marketed under brands such as Tempur-Pedic, Sealy and Stearns & Foster.

The company also operates Mattress Firm, a mattress retailer with stores across the United States. Through its brands, retail business and other sales channels, Somnigroup serves customers in the U.S.