Brokerages forecast that Stars Group Inc (NASDAQ:TSG) will post $683.35 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Stars Group’s earnings, with the lowest sales estimate coming in at $679.00 million and the highest estimate coming in at $687.70 million. Stars Group posted sales of $360.25 million in the same quarter last year, which suggests a positive year over year growth rate of 89.7%. The business is scheduled to issue its next earnings report on Wednesday, March 13th.

On average, analysts expect that Stars Group will report full-year sales of $2.07 billion for the current year. For the next year, analysts forecast that the business will report sales of $2.73 billion, with estimates ranging from $2.72 billion to $2.74 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Stars Group.

Stars Group (NASDAQ:TSG) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.04). The firm had revenue of $571.98 million during the quarter, compared to the consensus estimate of $601.68 million. Stars Group had a negative net margin of 0.91% and a positive return on equity of 21.80%. The company’s revenue for the quarter was up 73.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 earnings per share.

A number of research firms have commented on TSG. BidaskClub upgraded shares of Stars Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Zacks Investment Research upgraded shares of Stars Group from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Friday, July 27th. ValuEngine downgraded shares of Stars Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Macquarie dropped their price target on shares of Stars Group from $48.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 14th. Finally, TheStreet downgraded shares of Stars Group from a “b” rating to a “c” rating in a research report on Monday, August 20th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Stars Group presently has an average rating of “Hold” and an average target price of $33.50.

Several hedge funds have recently added to or reduced their stakes in TSG. Bank of Montreal Can raised its position in shares of Stars Group by 208.0% during the 2nd quarter. Bank of Montreal Can now owns 7,635,026 shares of the company’s stock worth $277,152,000 after buying an additional 5,156,010 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Stars Group by 143.5% during the 3rd quarter. Toronto Dominion Bank now owns 7,624,640 shares of the company’s stock worth $189,945,000 after buying an additional 4,493,140 shares in the last quarter. Senator Investment Group LP bought a new stake in shares of Stars Group during the 2nd quarter worth about $154,275,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Stars Group by 45.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,996,149 shares of the company’s stock worth $253,583,000 after buying an additional 2,171,580 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in shares of Stars Group by 51.1% during the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 6,404,200 shares of the company’s stock worth $305,352,000 after buying an additional 2,166,700 shares in the last quarter. Institutional investors own 46.60% of the company’s stock.

NASDAQ:TSG traded down $0.91 during mid-day trading on Friday, hitting $17.31. The stock had a trading volume of 3,355,110 shares, compared to its average volume of 2,057,242. The company has a market cap of $4.91 billion, a PE ratio of 7.69 and a beta of 1.67. Stars Group has a 52 week low of $17.07 and a 52 week high of $38.95. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.94.

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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