Somnigroup International Inc. (NYSE:SGI - Get Free Report) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Thursday, August 20th will be given a dividend of 0.17 per share on Thursday, September 3rd. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 20th.
Somnigroup International Stock Performance
Shares of NYSE SGI traded down $4.31 during midday trading on Thursday, reaching $65.27. The company's stock had a trading volume of 5,632,526 shares, compared to its average volume of 2,605,269. The stock has a market capitalization of $13.73 billion, a P/E ratio of 26.64, a PEG ratio of 1.30 and a beta of 1.20. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.78 and a quick ratio of 0.38. The firm has a 50 day moving average price of $72.49 and a 200-day moving average price of $77.86. Somnigroup International has a 12-month low of $60.39 and a 12-month high of $98.56.
Somnigroup International (NYSE:SGI - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.58 EPS for the quarter, meeting analysts' consensus estimates of $0.58. The company had revenue of $1.82 billion during the quarter. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.During the same period in the previous year, the business posted $0.53 earnings per share. The business's revenue was down 3.0% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, equities analysts predict that Somnigroup International will post 3.15 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. Bank of America decreased their target price on Somnigroup International from $106.00 to $96.00 and set a "buy" rating for the company in a research report on Tuesday, April 14th. Weiss Ratings lowered shares of Somnigroup International from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, May 26th. Zelman & Associates initiated coverage on shares of Somnigroup International in a research report on Tuesday, June 23rd. They set an "outperform" rating and a $99.00 price target for the company. Morgan Stanley started coverage on shares of Somnigroup International in a research report on Monday, July 27th. They issued an "overweight" rating and a $95.00 price objective on the stock. Finally, UBS Group dropped their target price on shares of Somnigroup International from $110.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, May 8th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Somnigroup International has a consensus rating of "Moderate Buy" and an average price target of $98.14.
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Somnigroup International Company Profile
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Somnigroup International Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names. The company sells its products through approximately company-owned stores, online, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare.
Further Reading
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