Stars Group Inc (TSG) Expected to Announce Earnings of $0.51 Per Share

Analysts expect Stars Group Inc (NASDAQ:TSG) to post $0.51 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Stars Group’s earnings. Stars Group posted earnings per share of $0.66 during the same quarter last year, which indicates a negative year-over-year growth rate of 22.7%. The business is scheduled to announce its next earnings results on Thursday, May 9th.

On average, analysts expect that Stars Group will report full-year earnings of $2.02 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.03. For the next financial year, analysts forecast that the company will post earnings of $2.35 per share, with EPS estimates ranging from $2.29 to $2.45. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Stars Group.

Stars Group (NASDAQ:TSG) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.08. Stars Group had a positive return on equity of 16.48% and a negative net margin of 4.99%. The company had revenue of $652.80 million during the quarter, compared to the consensus estimate of $658.37 million. During the same period last year, the company earned $0.54 earnings per share. The firm’s revenue was up 81.2% compared to the same quarter last year.

A number of brokerages have commented on TSG. BidaskClub cut Stars Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 7th. ValuEngine raised Stars Group from a “strong sell” rating to a “sell” rating in a research note on Monday, March 25th. Zacks Investment Research cut Stars Group from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 9th. Barclays reissued a “hold” rating and issued a $20.60 price objective on shares of Stars Group in a research note on Tuesday, January 15th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Stars Group in a research note on Friday, January 11th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Stars Group currently has an average rating of “Hold” and an average target price of $26.26.

NASDAQ TSG traded up $0.07 during trading hours on Thursday, hitting $18.76. 1,565,151 shares of the company’s stock were exchanged, compared to its average volume of 2,148,003. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.03 and a quick ratio of 1.03. Stars Group has a 1-year low of $15.10 and a 1-year high of $38.95. The stock has a market capitalization of $5.11 billion, a P/E ratio of 8.57 and a beta of 1.59.

A number of institutional investors have recently made changes to their positions in the business. Focused Wealth Management Inc bought a new position in shares of Stars Group in the fourth quarter valued at approximately $34,000. NumerixS Investment Technologies Inc bought a new stake in Stars Group during the fourth quarter worth $63,000. Bailard Inc. lifted its holdings in Stars Group by 36.4% during the fourth quarter. Bailard Inc. now owns 13,890 shares of the company’s stock worth $229,000 after acquiring an additional 3,705 shares during the period. Citigroup Inc. lifted its holdings in Stars Group by 133.5% during the fourth quarter. Citigroup Inc. now owns 16,516 shares of the company’s stock worth $273,000 after acquiring an additional 65,762 shares during the period. Finally, Castle Creek Arbitrage LLC bought a new stake in Stars Group during the fourth quarter worth $297,000. 61.35% of the stock is owned by hedge funds and other institutional investors.

Stars Group Company Profile

The Stars Group Inc engages in online gaming and betting businesses primarily in Europe, Australia, and the Americas. It owns and operates gaming and related interactive entertainment businesses, such as online real-money poker, casino and betting, play-money poker, and casino and sports prediction games, which are delivered through mobile, Web, and desktop applications.

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Earnings History and Estimates for Stars Group (NASDAQ:TSG)

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