Stars Group (NASDAQ:TSG) released its earnings results on Monday. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02, RTT News reports. Stars Group had a negative net margin of 6.71% and a positive return on equity of 12.81%. The company had revenue of $637.62 million for the quarter, compared to the consensus estimate of $655.97 million. During the same quarter in the previous year, the company earned $0.53 EPS. Stars Group’s quarterly revenue was up 55.0% compared to the same quarter last year. Stars Group updated its FY 2019 guidance to $1.68-1.83 EPS and its FY19 guidance to $1.68-1.83 EPS.

Shares of NASDAQ:TSG opened at $13.43 on Wednesday. The company’s 50 day moving average is $16.12. The company has a market cap of $4.60 billion, a P/E ratio of 6.13 and a beta of 1.54. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.23. Stars Group has a 12-month low of $12.59 and a 12-month high of $29.75.

A number of hedge funds and other institutional investors have recently bought and sold shares of TSG. Russell Investments Group Ltd. purchased a new position in Stars Group in the second quarter valued at about $145,000. Creative Planning acquired a new stake in shares of Stars Group during the first quarter valued at about $214,000. FNY Investment Advisers LLC acquired a new stake in shares of Stars Group during the second quarter valued at about $323,000. Bailard Inc. grew its stake in shares of Stars Group by 55.2% during the second quarter. Bailard Inc. now owns 21,560 shares of the company’s stock valued at $368,000 after acquiring an additional 7,670 shares in the last quarter. Finally, Davis Selected Advisers grew its stake in shares of Stars Group by 112.6% during the second quarter. Davis Selected Advisers now owns 24,980 shares of the company’s stock valued at $426,000 after acquiring an additional 13,230 shares in the last quarter. 60.78% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on TSG shares. Desjardins upgraded shares of Stars Group from a “hold” rating to a “buy” rating in a research note on Tuesday. ValuEngine raised shares of Stars Group from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th. Deutsche Bank initiated coverage on shares of Stars Group in a report on Monday, July 1st. They issued a “hold” rating on the stock. Zacks Investment Research downgraded shares of Stars Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 23rd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Stars Group in a research note on Monday, July 1st. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.22.

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 for Stars Group (NASDAQ:TSG)

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