Super Group (SGHC) (NYSE:SGHC) Issues Earnings Results

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

Super Group (SGHC) Price Performance

Shares of SGHC traded up $0.47 during mid-day trading on Tuesday, reaching $11.29. The stock had a trading volume of 6,026,263 shares, compared to its average volume of 2,988,244. The business has a fifty day moving average of $12.21 and a 200 day moving average of $12.14. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 15.62 and a beta of 1.10. Super Group has a 12 month low of $8.46 and a 12 month high of $15.86.

Super Group (SGHC) Dividend Announcement

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

Insider Buying and Selling at Super Group (SGHC)

In other Super Group (SGHC) news, CTO Alon Ben – David sold 23,300 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $13.79, for a total transaction of $321,307.00. Following the sale, the chief technology officer directly owned 7,814 shares of the company’s stock, valued at $107,755.06. This trade represents a 74.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kirsty Ross sold 40,000 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer directly owned 48,261 shares of the company’s stock, valued at approximately $675,654. This trade represents a 45.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 10.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th. Needham & Company LLC increased their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Barclays initiated coverage on Super Group (SGHC) in a research report on Friday, October 23rd. They set an “equal weight” rating and a $13.00 price target for the company. Citizens Jmp restated a “market outperform” rating and issued a $19.00 price objective on shares of Super Group (SGHC) in a report on Monday, August 31st. Finally, Wall Street Zen cut Super Group (SGHC) from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Super Group (SGHC) presently has an average rating of “Moderate Buy” and an average 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.