Stars Group Inc (NASDAQ:TSG) – Investment analysts at Cormark boosted their FY2018 earnings per share (EPS) estimates for shares of Stars Group in a research report issued on Thursday, November 8th. Cormark analyst D. Mcfadgen now anticipates that the company will post earnings of $2.16 per share for the year, up from their prior forecast of $2.15. Cormark also issued estimates for Stars Group’s FY2020 earnings at $2.94 EPS.

Stars Group (NASDAQ:TSG) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.04). The company had revenue of $571.98 million during the quarter, compared to analyst estimates of $601.68 million. Stars Group had a negative net margin of 0.91% and a positive return on equity of 18.05%. The business’s quarterly revenue was up 73.6% compared to the same quarter last year. During the same period last year, the firm earned $0.58 EPS.

Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered Stars Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 28th. Macquarie cut their price objective 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. BidaskClub upgraded Stars Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 16th. ValuEngine lowered Stars Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, TheStreet lowered Stars Group from a “b” rating to a “c” rating in a research note on Monday, August 20th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.50.

Shares of Stars Group stock opened at $16.35 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.31. Stars Group has a twelve month low of $16.26 and a twelve month high of $38.95. The stock has a market capitalization of $4.71 billion, a P/E ratio of 7.27 and a beta of 1.67.

Large investors have recently bought and sold shares of the business. Wells Fargo & Company MN acquired a new position in Stars Group during the first quarter worth $198,000. Dimensional Fund Advisors LP increased its stake in Stars Group by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 204,382 shares of the company’s stock valued at $5,631,000 after buying an additional 2,500 shares during the period. LPL Financial LLC acquired a new position in Stars Group in the 1st quarter valued at approximately $303,000. Legal & General Group Plc increased its stake in Stars Group by 74.7% in the 1st quarter. Legal & General Group Plc now owns 26,848 shares of the company’s stock valued at $740,000 after buying an additional 11,480 shares during the period. Finally, Allianz Asset Management GmbH increased its stake in Stars Group by 89.3% in the 1st quarter. Allianz Asset Management GmbH now owns 19,528 shares of the company’s stock valued at $538,000 after buying an additional 9,211 shares during the period. Institutional investors own 46.51% of the company’s stock.

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.

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

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