Stars Group Inc (NASDAQ:TSG) Expected to Post Quarterly Sales of $655.98 Million

Equities research analysts predict that Stars Group Inc (NASDAQ:TSG) will post $655.98 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Stars Group’s earnings, with estimates ranging from $631.00 million to $682.73 million. Stars Group reported sales of $411.51 million during the same quarter last year, which indicates a positive year-over-year growth rate of 59.4%. The business is scheduled to report its next earnings results before the market opens on Monday, August 12th.

According to Zacks, analysts expect that Stars Group will report full year sales of $2.64 billion for the current financial year, with estimates ranging from $2.60 billion to $2.70 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.86 billion, with estimates ranging from $2.79 billion to $2.94 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Stars Group.

Stars Group (NASDAQ:TSG) last released its quarterly earnings data on Wednesday, May 15th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.05). Stars Group had a negative net margin of 6.71% and a positive return on equity of 12.81%. The business had revenue of $580.34 million for the quarter, compared to analysts’ expectations of $621.34 million. During the same period last year, the business earned $0.53 earnings per share. The company’s quarterly revenue was up 47.7% on a year-over-year basis.

A number of research firms have recently weighed in on TSG. Deutsche Bank began coverage on Stars Group in a research report on Monday, July 1st. They set a “hold” rating on the stock. Morgan Stanley began coverage on Stars Group in a research report on Wednesday, May 1st. They set an “equal weight” rating and a $20.00 price objective on the stock. Zacks Investment Research cut Stars Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 23rd. Desjardins cut Stars Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Finally, ValuEngine raised Stars Group from a “strong sell” rating to a “sell” rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Stars Group presently has an average rating of “Hold” and a consensus price target of $25.22.

Large investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank increased its position in shares of Stars Group by 28.5% during the 1st quarter. Toronto Dominion Bank now owns 9,249,142 shares of the company’s stock valued at $161,835,000 after purchasing an additional 2,051,098 shares during the last quarter. Norges Bank purchased a new position in Stars Group during the 4th quarter valued at $30,402,000. Thompson Siegel & Walmsley LLC boosted its holdings in Stars Group by 36.1% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 3,294,645 shares of the company’s stock valued at $57,689,000 after acquiring an additional 874,007 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in Stars Group during the 1st quarter valued at $9,736,000. Finally, Citigroup Inc. boosted its holdings in Stars Group by 2,311.7% during the 1st quarter. Citigroup Inc. now owns 398,312 shares of the company’s stock valued at $6,964,000 after acquiring an additional 381,796 shares during the period. 60.75% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:TSG traded up $0.40 on Tuesday, hitting $15.99. The stock had a trading volume of 365,337 shares, compared to its average volume of 1,711,323. The stock has a market cap of $4.31 billion, a PE ratio of 7.30 and a beta of 1.54. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.23. The business has a 50-day moving average price of $16.27. Stars Group has a 52-week low of $14.52 and a 52-week high of $32.25.

About Stars Group

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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