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

Super Group (SGHC) (NYSE:SGHC) announced its earnings results on Monday. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate 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) Price Performance

Shares of SGHC traded down $0.24 during mid-day trading on Monday, reaching $10.56. The company had a trading volume of 5,006,143 shares, compared to its average volume of 1,629,375. Super Group has a twelve month low of $4.01 and a twelve month high of $14.38. The company’s 50-day moving average is $12.55 and its 200-day moving average is $10.81. The company has a market capitalization of $5.32 billion, a P/E ratio of 40.62 and a beta of 1.09.

Super Group (SGHC) Dividend Announcement

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

Hedge Funds Weigh In On Super Group (SGHC)

A number of hedge funds have recently modified their holdings of the stock. Millennium Management LLC raised its holdings in shares of Super Group (SGHC) by 127.2% in the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after buying an additional 1,532,666 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Super Group (SGHC) by 30.4% during 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. Squarepoint Ops LLC raised its position in Super Group (SGHC) by 321.6% in the 2nd quarter. Squarepoint Ops LLC now owns 625,421 shares of the company’s stock valued at $6,861,000 after purchasing an additional 477,084 shares during the last quarter. Bank of America Corp DE raised its position in Super Group (SGHC) by 491.1% in 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 last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in Super Group (SGHC) by 93.6% in the second quarter. Qube Research & Technologies Ltd now owns 547,093 shares of the company’s stock worth $6,002,000 after purchasing an additional 264,470 shares in the last quarter. 5.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on SGHC. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Thursday. Benchmark reiterated a “buy” rating and issued a $18.00 price objective on shares of Super Group (SGHC) in a research report on Monday, October 13th. Canaccord Genuity Group raised their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Wall Street Zen downgraded Super Group (SGHC) from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, UBS Group set a $18.00 price objective on Super Group (SGHC) in a research report on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Super Group (SGHC) has a consensus rating of “Buy” and an average price target of $15.40.

Super Group (SGHC) Company Profile

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.