Somnigroup International Inc. (SGI) to Issue Quarterly Dividend of $0.17 on December 7th

by · The Cerbat Gem

Somnigroup International Inc. (NYSE:SGI – Get Free Report) declared a quarterly dividend on Sunday, November 8th. Investors 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 yield of 1.0%. The ex-dividend date of this dividend is Monday, November 23rd.

Somnigroup International Stock Performance

Shares of NYSE:SGI opened at $66.53 on Tuesday. Somnigroup International has a 12-month low of $60.08 and a 12-month high of $98.56. The company’s 50 day moving average price is $64.48 and its two-hundred day moving average price is $73.08. The firm has a market cap of $14.00 billion, a PE ratio of 26.61, a PEG ratio of 1.14 and a beta of 1.30. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33.

Somnigroup International (NYSE:SGI – Get Free Report) last posted its quarterly earnings data on Monday, November 9th. The company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.02). The company had revenue of $2.35 billion for the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%. Somnigroup International’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.95 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-2.950 EPS. Equities research analysts predict that Somnigroup International will post 3.10 earnings per share for the current year.

Insider Transactions at Somnigroup International

In other news, CEO Scott Thompson bought 30,000 shares of Somnigroup International stock in a transaction dated Thursday, August 27th. The stock was purchased at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the purchase, the chief executive officer directly owned 4,123,634 shares in the company, valued at $259,129,160.56. The trade was a 0.73% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.99% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Somnigroup International

Several institutional investors have recently modified their holdings of SGI. BlackRock Inc. purchased a new stake in Somnigroup International during the second quarter worth about $1,507,604,000. Linonia Partnership LP bought a new position in shares of Somnigroup International during the 2nd quarter valued at approximately $519,372,000. Bank of America Corp DE purchased a new stake in shares of Somnigroup International during the 2nd quarter worth approximately $204,632,000. Avala Global LP bought a new position in Somnigroup International during the second quarter valued at $107,831,000. Finally, Bank of New York Mellon Corp purchased a new stake in Somnigroup International in the second quarter worth $106,681,000. 99.86% of the stock is owned by institutional investors.

Somnigroup International Company Profile

(Get Free Report)

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.

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