Super Group (SGHC) (NYSE:SGHC) Posts Earnings Results, Beats Estimates By $0.09 EPS

Super Group (SGHC) (NYSE:SGHC) released its quarterly earnings data on Tuesday. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.09, FiscalAI reports. Super Group (SGHC) had a return on equity of 52.59% and a net margin of 16.74%. The company had revenue of $611.00 million during the quarter, compared to the consensus estimate of $623.50 million.

Super Group (SGHC) Price Performance

Super Group (SGHC) stock opened at $11.45 on Thursday. The company has a fifty day simple moving average of $12.11 and a 200-day simple moving average of $12.15. The stock has a market cap of $5.79 billion, a P/E ratio of 14.08 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 current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02.

Super Group (SGHC) Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, September 22nd. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 27.78%.

More Super Group (SGHC) News

Here are the key news stories impacting Super Group (SGHC) this week:

• Positive Sentiment: Third-quarter earnings were $0.28 per share, topping estimates of about $0.19 and rising from $0.19 a year earlier. Revenue grew roughly 10% year over year. Super Group Q3 financial results
• Positive Sentiment: The company announced a $150 million share buyback, which could support shareholder returns and signal confidence in its shares. Share buyback announcement
• Neutral Sentiment: COO Kirsty Ross sold 2,724 shares to cover tax withholding related to vested equity awards, a stated reason that makes the transaction less clearly a bearish signal. SEC Form 4 filing
• Neutral Sentiment: Management plans to attend upcoming investor conferences; the announcement provides an opportunity for investor engagement but no new financial outlook. Investor conference announcement
• Negative Sentiment: Quarterly revenue of $611 million fell short of analysts’ roughly $623.5 million estimate. Reports also cited sports results as prompting a guidance revision, tempering the earnings beat with concern about near-term performance. Revenue and guidance report
• Negative Sentiment: BTIG cut its price target to $16 from $19, though it maintained a Buy rating. The reduction suggests a more cautious valuation view. BTIG analyst rating

Insider Activity at Super Group (SGHC)

In related news, COO Kirsty Ross sold 2,724 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $10.74, for a total transaction of $29,255.76. Following the completion of the sale, the chief operating officer directly owned 51,316 shares of the company’s stock, valued at $551,133.84. This trade represents a 5.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Alon Ben – David sold 23,300 shares of the company’s stock in a transaction 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 represents a 74.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 66,024 shares of company stock valued at $910,563 in the last 90 days. Company insiders own 10.41% of the company’s stock.

Analysts Set New Price Targets

SGHC has been the topic of a number of analyst reports. BTIG Research cut their price objective on shares of Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday. Weiss Ratings cut Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 24th. Benchmark increased 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. Barclays began coverage on shares of Super Group (SGHC) in a research note on Friday, October 23rd. They set an “equal weight” rating and a $13.00 price objective for the company. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $19.00 target price on shares of Super Group (SGHC) in a report on Monday, August 31st. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Super Group (SGHC) currently has a consensus rating of “Moderate Buy” and an average price target of $17.20.

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.