Stars Group (TSG) Issues Quarterly Earnings Results

Stars Group (NASDAQ:TSG) posted its quarterly earnings results on Wednesday. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.04), MarketWatch Earnings reports. The business had revenue of $571.98 million during the quarter, compared to analyst estimates of $601.68 million. Stars Group had a return on equity of 23.55% and a net margin of 3.01%. The company’s quarterly revenue was up 73.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 EPS.

Stars Group stock traded down $0.73 during midday trading on Friday, reaching $17.49. The stock had a trading volume of 111,429 shares, compared to its average volume of 1,861,684. Stars Group has a twelve month low of $17.61 and a twelve month high of $38.95. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.93 and a current ratio of 1.93. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 7.80 and a beta of 1.67.

Several research firms have issued reports on TSG. BidaskClub lowered shares of Stars Group from a “sell” rating to a “strong sell” rating in a research report on Thursday. Goldman Sachs Group began coverage on shares of Stars Group in a research report on Wednesday, September 26th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of Stars Group from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, October 17th. TheStreet lowered shares of Stars Group from a “b” rating to a “c” rating in a research report on Monday, August 20th. Finally, ValuEngine lowered shares of Stars Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $33.50.

Institutional investors have recently bought and sold shares of the stock. Twin Tree Management LP acquired a new position in Stars Group in the 2nd quarter worth approximately $107,000. Tower Research Capital LLC TRC acquired a new position in Stars Group in the 2nd quarter worth approximately $127,000. Wells Fargo & Company MN acquired a new position in Stars Group in the 1st quarter worth approximately $198,000. Monetary Management Group Inc. acquired a new position in Stars Group in the 2nd quarter worth approximately $200,000. Finally, Atria Investments LLC acquired a new position in Stars Group in the 2nd quarter worth approximately $227,000. 46.60% of the stock is owned by hedge funds and other institutional investors.

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About Stars Group

The Stars Group Inc provides technology-based products and services to gaming and interactive entertainment industries in Canada and internationally. It owns and operates gaming and related interactive entertainment businesses under the PokerStars, PokerStars Casino, BetStars, Full Tilt, the PokerStars Players No Limit Hold'em Championship, European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour, Asia Pacific Poker Tour, PokerStars Festival, and PokerStars MEGASTACK live poker tour and event brands, The company was formerly known as Amaya, Inc and changed its name to The Stars Group Inc in August 2017.

See Also: Intrinsic Value

Earnings History for Stars Group (NASDAQ:TSG)

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