Analysts expect Stars Group Inc (NASDAQ:TSG) to post $676.18 million in sales for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Stars Group’s earnings. The lowest sales estimate is $641.22 million and the highest is $704.00 million. Stars Group posted sales of $652.85 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.6%. The firm is expected to report its next quarterly earnings results on Wednesday, March 4th.
On average, analysts expect that Stars Group will report full-year sales of $2.53 billion for the current financial year, with estimates ranging from $2.48 billion to $2.56 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.74 billion, with estimates ranging from $2.67 billion to $2.86 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Stars Group.
Stars Group (NASDAQ:TSG) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The company had revenue of $622.50 million for the quarter, compared to analysts’ expectations of $639.82 million. Stars Group had a negative net margin of 2.28% and a positive return on equity of 12.31%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the company earned $0.45 earnings per share.
Several equities research analysts recently commented on the stock. Royal Bank of Canada assumed coverage on shares of Stars Group in a research report on Monday, October 28th. They issued an “outperform” rating and a $25.50 price objective on the stock. Zacks Investment Research upgraded Stars Group from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a research note on Tuesday. Desjardins cut Stars Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Jefferies Financial Group assumed coverage on Stars Group in a report on Monday, September 23rd. They set a “hold” rating and a $18.00 price target on the stock. Finally, BidaskClub lowered Stars Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $23.46.
Several hedge funds have recently modified their holdings of the business. Great West Life Assurance Co. Can boosted its stake in Stars Group by 1.8% during the 3rd quarter. Great West Life Assurance Co. Can now owns 58,275 shares of the company’s stock valued at $873,000 after purchasing an additional 1,040 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in Stars Group by 4.7% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 33,806 shares of the company’s stock valued at $577,000 after acquiring an additional 1,509 shares during the period. AMP Capital Investors Ltd increased its holdings in shares of Stars Group by 3.7% in the second quarter. AMP Capital Investors Ltd now owns 51,336 shares of the company’s stock worth $873,000 after purchasing an additional 1,824 shares during the period. OLD National Bancorp IN increased its holdings in shares of Stars Group by 13.1% in the fourth quarter. OLD National Bancorp IN now owns 17,345 shares of the company’s stock worth $452,000 after purchasing an additional 2,003 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Stars Group by 9.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,913 shares of the company’s stock valued at $523,000 after acquiring an additional 2,964 shares during the last quarter. 68.01% of the stock is currently owned by hedge funds and other institutional investors.
TSG traded down $0.49 during trading on Friday, hitting $25.16. The stock had a trading volume of 1,843,778 shares, compared to its average volume of 1,672,771. The firm has a market capitalization of $7.25 billion, a P/E ratio of 11.49 and a beta of 1.58. Stars Group has a twelve month low of $12.59 and a twelve month high of $26.64. The company’s 50-day moving average price is $25.17 and its 200 day moving average price is $19.62. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.98 and a current ratio of 0.98.
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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