Wall Street analysts expect Stars Group Inc (NASDAQ:TSG) to post $632.50 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Stars Group’s earnings, with the highest sales estimate coming in at $634.00 million and the lowest estimate coming in at $631.00 million. Stars Group posted sales of $411.51 million in the same quarter last year, which suggests a positive year-over-year growth rate of 53.7%. The firm is expected to announce its next earnings report on Monday, August 12th.

On average, analysts expect that Stars Group will report full year sales of $2.62 billion for the current year, with estimates ranging from $2.60 billion to $2.65 billion. For the next financial year, analysts expect that the company will report sales of $2.83 billion, with estimates ranging from $2.79 billion to $2.94 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Stars Group.

Stars Group (NASDAQ:TSG) last announced its quarterly earnings results on Wednesday, May 15th. The company reported $0.38 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $580.34 million during the quarter, compared to the consensus estimate of $621.34 million. During the same period in the previous year, the firm posted $0.53 EPS. The business’s quarterly revenue was up 47.7% compared to the same quarter last year.

TSG has been the topic of a number of research reports. Morgan Stanley initiated coverage on shares of Stars Group in a research note on Wednesday, May 1st. They issued an “equal weight” rating and a $20.00 price target on the stock. Desjardins lowered shares of Stars Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. ValuEngine lowered shares of Stars Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 15th. Echelon Wealth Partners reissued a “buy” rating on shares of Stars Group in a research report on Wednesday, March 6th. Finally, Zacks Investment Research lowered shares of Stars Group from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 9th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Stars Group presently has an average rating of “Hold” and an average target price of $25.22.

TSG traded up $0.10 during trading on Wednesday, reaching $16.66. The company had a trading volume of 2,025,704 shares, compared to its average volume of 2,414,490. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.88 and a current ratio of 0.88. Stars Group has a 12 month low of $15.10 and a 12 month high of $38.95. The firm has a market cap of $4.80 billion, a P/E ratio of 7.60 and a beta of 1.60.

Several hedge funds have recently made changes to their positions in TSG. Marshall Wace North America L.P. increased its holdings in Stars Group by 45.4% during the first quarter. Marshall Wace North America L.P. now owns 129,316 shares of the company’s stock worth $2,264,000 after buying an additional 40,393 shares during the last quarter. Nordea Investment Management AB increased its holdings in Stars Group by 18.6% during the first quarter. Nordea Investment Management AB now owns 262,500 shares of the company’s stock worth $4,644,000 after buying an additional 41,100 shares during the last quarter. FMR LLC increased its holdings in Stars Group by 12.7% during the first quarter. FMR LLC now owns 3,104,137 shares of the company’s stock worth $54,353,000 after buying an additional 350,269 shares during the last quarter. General Equity Holdings LP acquired a new position in Stars Group during the first quarter worth $6,447,000. Finally, Moab Capital Partners LLC increased its holdings in Stars Group by 85.1% during the first quarter. Moab Capital Partners LLC now owns 1,306,205 shares of the company’s stock worth $22,872,000 after buying an additional 600,693 shares during the last quarter. 60.74% of the stock is currently owned by institutional investors and hedge funds.

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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