Somnigroup International Inc. (NYSE:SGI) Stock to Pay Quarterly Dividend of $0.17

Somnigroup International Inc. (NYSE:SGI) announced a quarterly dividend on Monday, November 9th. Stockholders of record on Monday, November 23rd will be given a dividend of $0.17 per share on Monday, December 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, November 23rd.

Somnigroup International Stock Performance

Shares of NYSE:SGI traded up $2.36 during trading on Monday, hitting $66.53. 7,295,733 shares of the stock traded hands, compared to its average volume of 2,821,150. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33. The company has a fifty day moving average price of $64.44 and a two-hundred day moving average price of $73.22. Somnigroup International has a 52-week low of $60.08 and a 52-week high of $98.56. The company has a market cap of $14.00 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 1.05 and a beta of 1.30.

Somnigroup International (NYSE:SGI) last released its quarterly earnings results on Monday, November 9th. The company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.02). The firm had revenue of $2.35 billion for the quarter. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-2.950 EPS. As a group, equities analysts predict that Somnigroup International will post 3.10 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SGI shares. Stephens upgraded Somnigroup International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $66.00 to $80.00 in a report on Monday, September 14th. Piper Sandler reaffirmed an “overweight” rating and set a $100.00 target price (up from $95.00) on shares of Somnigroup International in a research note on Thursday, September 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Somnigroup International in a report on Friday, August 21st. Wall Street Zen upgraded shares of Somnigroup International from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Finally, Truist Financial decreased their price target on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

Somnigroup International Company Profile

Somnigroup International, Inc is a bedding company that designs, manufactures, distributes and sells mattresses and related sleep products. Its offerings include adjustable bases, pillows and other bedding accessories, marketed under brands such as Tempur-Pedic, Sealy and Stearns & Foster.

The company also operates Mattress Firm, a mattress retailer with stores across the United States. Through its brands, retail business and other sales channels, Somnigroup serves customers in the U.S.