Super Group (SGHC) (NYSE:SGHC) Posts Earnings Results, Misses Estimates By $0.01 EPS

Super Group (SGHC) (NYSE:SGHC) announced its quarterly earnings data on Tuesday. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01), Zacks reports. The firm had revenue of $684.00 million during the quarter, compared to analyst estimates of $659.90 million. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%.

Super Group (SGHC) Stock Performance

Super Group (SGHC) stock traded down $0.70 during mid-day trading on Wednesday, reaching $13.22. The company’s stock had a trading volume of 3,059,815 shares, compared to its average volume of 3,100,248. The firm’s fifty day moving average price is $13.98 and its two-hundred day moving average price is $12.03. The company has a market capitalization of $6.69 billion, a P/E ratio of 27.34 and a beta of 1.07. Super Group has a 12-month low of $8.46 and a 12-month high of $15.86. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61.

Super Group (SGHC) Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.05 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.20 annualized dividend and a dividend yield of 1.5%. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 41.67%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SGHC. Zacks Research downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Citizens Jmp upped their price objective on shares of Super Group (SGHC) from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 8th. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th. Wall Street Zen upgraded Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, BTIG Research upped their target price on Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 17th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.43.

Insider Transactions at Super Group (SGHC)

In other news, CFO Wyk Alinda Van sold 78,837 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total transaction of $1,080,066.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Neal Menashe sold 48,440 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $13.97, for a total transaction of $676,706.80. Following the completion of the transaction, the chief executive officer owned 730,733 shares in the company, valued at $10,208,340.01. The trade was a 6.22% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 229,836 shares of company stock valued at $3,164,926 in the last quarter. Insiders own 10.41% of the company’s stock.

Hedge Funds Weigh In On Super Group (SGHC)

Institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in Super Group (SGHC) by 324.3% during the fourth quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock worth $55,828,000 after acquiring an additional 3,570,825 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Super Group (SGHC) by 97.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock valued at $58,575,000 after purchasing an additional 2,193,989 shares during the last quarter. Millennium Management LLC grew its stake in shares of Super Group (SGHC) by 127.2% in the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after acquiring an additional 1,532,666 shares during the period. Goldman Sachs Group Inc. raised its stake in Super Group (SGHC) by 74.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock valued at $22,946,000 after buying an additional 818,455 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Super Group (SGHC) by 1,090.1% during the fourth quarter. JPMorgan Chase & Co. now owns 798,148 shares of the company’s stock valued at $9,538,000 after acquiring an additional 731,081 shares during the last quarter. Institutional investors own 5.09% of the company’s stock.

About Super Group (SGHC)

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.