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

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

Super Group (SGHC) Stock Down 1.5%

Shares of NYSE SGHC traded down $0.15 during midday trading on Monday, hitting $9.75. The company’s stock had a trading volume of 4,242,773 shares, compared to its average volume of 2,677,738. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 22.67 and a beta of 1.08. The business’s fifty day simple moving average is $10.35 and its two-hundred day simple moving average is $11.47. Super Group has a 1 year low of $5.59 and a 1 year high of $14.38.

Super Group (SGHC) Announces Dividend

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

Hedge Funds Weigh In On Super Group (SGHC)

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SGHC. AQR Capital Management LLC grew its stake in shares of Super Group (SGHC) by 235.3% in the first quarter. AQR Capital Management LLC now owns 167,969 shares of the company’s stock worth $1,082,000 after acquiring an additional 117,869 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Super Group (SGHC) by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company’s stock worth $574,000 after purchasing an additional 3,783 shares in the last quarter. Millennium Management LLC increased its holdings in Super Group (SGHC) by 127.2% during the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after purchasing an additional 1,532,666 shares during the period. Jane Street Group LLC acquired a new stake in Super Group (SGHC) in the 1st quarter valued at about $1,523,000. Finally, JPMorgan Chase & Co. raised its position in Super Group (SGHC) by 30.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 722,660 shares of the company’s stock valued at $7,928,000 after purchasing an additional 168,622 shares in the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on SGHC shares. Needham & Company LLC upped their price target on Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Benchmark reduced their target price on shares of Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, November 28th. 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. Macquarie Infrastructure reiterated an “outperform” rating and issued a $19.00 price target on shares of Super Group (SGHC) in a research report on Wednesday, November 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.