Super Group (SGHC) (NYSE:SGHC) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Super Group (SGHC) (NYSE:SGHC) released its quarterly earnings results on Monday. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05, Zacks reports. Super Group (SGHC) had a return on equity of 36.68% and a net margin of 6.42%.

Super Group (SGHC) Trading Down 2.2%

SGHC stock traded down $0.24 during mid-day trading on Monday, hitting $10.56. The stock had a trading volume of 5,006,143 shares, compared to its average volume of 1,629,375. Super Group has a 1-year low of $4.01 and a 1-year high of $14.38. The company has a fifty day moving average of $12.55 and a 200 day moving average of $10.81. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 40.62 and a beta of 1.09.

Super Group (SGHC) Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Thursday, September 18th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, September 18th. Super Group (SGHC)’s dividend payout ratio is presently 61.54%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SGHC. Benchmark restated a “buy” rating and set a $18.00 price target on shares of Super Group (SGHC) in a report on Monday, October 13th. BTIG Research reissued a “buy” rating and set a $14.00 target price on shares of Super Group (SGHC) in a research note on Thursday, September 18th. Macquarie initiated coverage on shares of Super Group (SGHC) in a research note on Monday, September 15th. They set an “outperform” rating and a $17.00 target price on the stock. Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a research note on Monday, September 22nd. Finally, JMP Securities upped their price target on Super Group (SGHC) from $15.00 to $16.00 and gave the company a “market outperform” rating in a research report on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $15.40.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in Super Group (SGHC) by 491.1% during the 2nd quarter. Bank of America Corp DE now owns 571,970 shares of the company’s stock valued at $6,275,000 after purchasing an additional 475,209 shares during the period. Qube Research & Technologies Ltd boosted its stake in Super Group (SGHC) by 93.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 547,093 shares of the company’s stock valued at $6,002,000 after purchasing an additional 264,470 shares during the period. Federated Hermes Inc. bought a new stake in Super Group (SGHC) during the 2nd quarter valued at approximately $3,232,000. Lazard Asset Management LLC boosted its stake in Super Group (SGHC) by 8.3% during the 2nd quarter. Lazard Asset Management LLC now owns 294,410 shares of the company’s stock valued at $3,229,000 after purchasing an additional 22,646 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in Super Group (SGHC) by 140.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 189,738 shares of the company’s stock valued at $2,081,000 after purchasing an additional 110,677 shares during the period. 5.09% of the stock is owned by institutional investors and hedge funds.

About Super Group (SGHC)

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.