Super Group (SGHC) (NYSE:SGHC) Releases Earnings Results, Beats Estimates By $998.86 EPS

Super Group (SGHC) (NYSE:SGHC) posted its quarterly earnings results on Monday. The company reported $999.00 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $998.86, Zacks reports. Super Group (SGHC) had a net margin of 10.05% and a return on equity of 43.14%.

Super Group (SGHC) Stock Performance

SGHC traded down $0.15 during mid-day trading on Monday, reaching $9.75. 4,242,773 shares of the company traded hands, compared to its average volume of 2,677,738. The company’s fifty day moving average price is $10.35 and its 200-day moving average price is $11.47. The stock has a market capitalization of $4.91 billion, a P/E ratio of 22.67 and a beta of 1.08. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02. Super Group has a 52-week low of $5.59 and a 52-week high of $14.38.

Super Group (SGHC) Dividend Announcement

The business also recently announced a special dividend, which was paid on Monday, February 9th. Shareholders of record on Monday, February 2nd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 2nd. Super Group (SGHC)’s payout ratio is 37.21%.

Institutional Trading of Super Group (SGHC)

Hedge funds have recently bought and sold shares of the company. Invesco Ltd. boosted its position in Super Group (SGHC) by 324.3% in 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 during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Super Group (SGHC) by 97.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock worth $58,575,000 after purchasing an additional 2,193,989 shares during the period. Millennium Management LLC boosted its holdings 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 worth $17,628,000 after buying an additional 1,532,666 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Super Group (SGHC) by 74.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock worth $22,946,000 after buying an additional 818,455 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Super Group (SGHC) by 1,090.1% during the fourth quarter. JPMorgan Chase & Co. now owns 798,148 shares of the company’s stock valued at $9,538,000 after buying an additional 731,081 shares during the period. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Analyst Ratings Changes

SGHC has been the subject of several recent research reports. Benchmark decreased their price objective on Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, November 28th. Macquarie Infrastructure reiterated an “outperform” rating and issued a $19.00 target price on shares of Super Group (SGHC) in a research note on Wednesday, November 5th. BTIG Research restated a “buy” rating and set a $19.00 price target on shares of Super Group (SGHC) in a research note on Friday, January 30th. Wall Street Zen downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a report on Monday, January 12th. Finally, Needham & Company LLC boosted their target price on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Super Group (SGHC) has an average rating of “Buy” and a consensus target price of $17.00.

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.