Super Group (SGHC) (NYSE:SGHC) Releases Quarterly Earnings Results

Super Group (SGHC) (NYSE:SGHC) released its quarterly earnings results on Tuesday. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01), Zacks reports. The firm had revenue of $684.00 million for the quarter, compared to analyst estimates of $659.90 million. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%.

Super Group (SGHC) Trading Down 5.5%

SGHC traded down $0.77 on Wednesday, reaching $13.15. 3,114,927 shares of the company’s stock were exchanged, compared to its average volume of 3,100,634. Super Group has a twelve month low of $8.46 and a twelve month high of $15.86. The company’s 50 day moving average is $13.98 and its 200-day moving average is $12.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 27.28 and a beta of 1.07.

Super Group (SGHC) Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, June 23rd. Super Group (SGHC)’s dividend payout ratio is 41.67%.

Wall Street Analyst Weigh In

SGHC has been the topic of a number of analyst reports. BTIG Research raised their target price on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Citizens Jmp increased their price target on Super Group (SGHC) from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 8th. Weiss Ratings upgraded Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Zacks Research downgraded Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Super Group (SGHC) currently has an average rating of “Moderate Buy” and a consensus target price of $18.43.

Insider Buying and Selling at Super Group (SGHC)

In other Super Group (SGHC) news, COO Kirsty Farrah Ross sold 54,551 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $13.97, for a total transaction of $762,077.47. Following the completion of the sale, the chief operating officer directly owned 88,261 shares in the company, valued at $1,233,006.17. The trade was a 38.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Wyk Alinda Van sold 78,837 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total transaction of $1,080,066.90. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 229,836 shares of company stock valued at $3,164,926 over the last ninety days. Corporate insiders own 10.41% of the company’s stock.

Institutional Trading of Super Group (SGHC)

Several large investors have recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its stake in shares of Super Group (SGHC) by 324.3% during the fourth quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock worth $55,828,000 after purchasing an additional 3,570,825 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Super Group (SGHC) by 4.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,639,678 shares of the company’s stock valued at $55,444,000 after buying an additional 202,144 shares in the last quarter. Millennium Management LLC grew its stake in shares of Super Group (SGHC) by 127.2% in the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock valued at $17,628,000 after buying an additional 1,532,666 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Super Group (SGHC) by 8.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,988,987 shares of the company’s stock valued at $26,255,000 after buying an additional 152,362 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Super Group (SGHC) by 74.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock valued at $22,946,000 after buying an additional 818,455 shares during the period. 5.09% of the stock is currently owned by institutional investors and hedge funds.

Super Group (SGHC) Company Profile

Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.