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

Super Group (SGHC) (NYSE:SGHC) released its quarterly earnings data on Tuesday. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09, FiscalAI reports. The company had revenue of $611.00 million for the quarter, compared to the consensus estimate 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) Trading Up 4.3%

Shares of SGHC opened at $11.29 on Wednesday. The stock’s 50-day moving average is $12.16 and its two-hundred day moving average is $12.14. The stock has a market cap of $5.71 billion, a PE ratio of 15.62 and a beta of 1.09. Super Group has a 12 month low of $8.46 and a 12 month high of $15.86. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.83.

Super Group (SGHC) Announces Dividend

The business also recently disclosed 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. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, September 22nd. Super Group (SGHC)’s payout ratio is currently 27.78%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SGHC shares. Wall Street Zen cut Super Group (SGHC) from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. BTIG Research raised their price target on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 17th. Citizens Jmp restated a “market outperform” rating and issued a $19.00 price target on shares of Super Group (SGHC) in a report on Monday, August 31st. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday, July 8th. Finally, Benchmark boosted their price objective on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Insider Activity

In related news, COO Kirsty Ross sold 40,000 shares of the firm’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 directly owned 48,261 shares in the company, valued at approximately $675,654. This trade represents a 45.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Alon Ben – David sold 23,300 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $13.79, for a total value of $321,307.00. Following the transaction, the chief technology officer directly owned 7,814 shares in the company, valued at $107,755.06. This trade represents a 74.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 10.41% of the stock is owned by corporate insiders.

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.