Wall Street brokerages expect Stars Group Inc (NASDAQ:TSG) to report $0.52 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Stars Group’s earnings. The lowest EPS estimate is $0.47 and the highest is $0.56. Stars Group posted earnings of $0.58 per share in the same quarter last year, which would indicate a negative year over year growth rate of 10.3%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 8th.
According to Zacks, analysts expect that Stars Group will report full-year earnings of $2.22 per share for the current year. For the next year, analysts anticipate that the business will report earnings of $2.59 per share, with EPS estimates ranging from $2.55 to $2.62. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Stars Group.
Stars Group (NASDAQ:TSG) last posted its quarterly earnings data on Monday, August 13th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.06. Stars Group had a return on equity of 23.55% and a net margin of 3.01%. The firm had revenue of $411.50 million during the quarter, compared to the consensus estimate of $380.80 million. During the same period in the prior year, the company earned $0.56 EPS. The firm’s revenue was up 34.8% compared to the same quarter last year.
Several research analysts recently commented on the company. ValuEngine downgraded Stars Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Goldman Sachs Group initiated coverage on Stars Group in a research note on Wednesday, September 26th. They issued a “buy” rating for the company. TheStreet downgraded Stars Group from a “b” rating to a “c” rating in a research note on Monday, August 20th. Macquarie cut their target price on Stars Group from $48.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, August 14th. Finally, BidaskClub downgraded Stars Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $41.50.
NASDAQ TSG traded up $0.41 during mid-day trading on Monday, hitting $23.38. The stock had a trading volume of 971,688 shares, compared to its average volume of 902,069. Stars Group has a twelve month low of $19.70 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 company has a market cap of $6.77 billion, a P/E ratio of 10.39 and a beta of 1.59.
Several institutional investors and hedge funds have recently modified their holdings of the business. CIBC World Markets Inc. grew its holdings in shares of Stars Group by 0.8% during the 2nd quarter. CIBC World Markets Inc. now owns 192,466 shares of the company’s stock worth $6,987,000 after purchasing an additional 1,606 shares during the period. Cubist Systematic Strategies LLC grew its holdings in shares of Stars Group by 16.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 12,950 shares of the company’s stock worth $357,000 after purchasing an additional 1,850 shares during the period. Balter Liquid Alternatives LLC grew its holdings in shares of Stars Group by 14.9% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 16,732 shares of the company’s stock worth $613,000 after purchasing an additional 2,168 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Stars Group by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 204,382 shares of the company’s stock worth $5,631,000 after purchasing an additional 2,500 shares during the period. Finally, Twin Tree Management LP purchased a new position in shares of Stars Group during the 2nd quarter worth $107,000. 49.19% of the stock is owned by institutional investors and hedge funds.
Stars Group Company Profile
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.
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