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

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

Super Group (SGHC) Trading Up 4.3%

Shares of SGHC stock traded up $0.47 on Tuesday, hitting $11.29. The company had a trading volume of 6,026,176 shares, compared to its average volume of 2,988,217. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.83 and a current ratio of 1.83. Super Group has a twelve month low of $8.46 and a twelve month high of $15.86. The stock’s 50-day moving average is $12.21 and its two-hundred day moving average is $12.14. The firm has a market cap of $5.71 billion, a P/E ratio of 15.62 and a beta of 1.10.

Super Group (SGHC) Dividend Announcement

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

Insider Activity

In related news, 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 transaction of $560,000.00. Following the sale, the chief operating officer owned 48,261 shares in the company, valued at $675,654. This represents a 45.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Alon Ben – David sold 23,300 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $13.79, for a total value of $321,307.00. Following the sale, the chief technology officer owned 7,814 shares in the company, valued at approximately $107,755.06. The trade was a 74.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 10.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on SGHC shares. Weiss Ratings lowered Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 24th. Needham & Company LLC upped their target price on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday, July 8th. Barclays initiated coverage on shares of Super Group (SGHC) in a research report on Friday, October 23rd. They issued an “equal weight” rating and a $13.00 price objective for the company. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $19.00 target price on shares of Super Group (SGHC) in a research note on Monday, August 31st. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Super Group (SGHC) currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

About Super Group (SGHC)

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.