Stars Group Inc (NASDAQ:TSG) – Cormark reduced their FY2020 earnings per share estimates for Stars Group in a note issued to investors on Tuesday, October 30th, Zacks Investment Research reports. Cormark analyst D. Mcfadgen now expects that the company will earn $2.85 per share for the year, down from their previous estimate of $3.13.
Stars Group (NASDAQ:TSG) last released its earnings results on Wednesday, November 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). The business 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 business earned $0.58 EPS.
Several other analysts have also weighed in on TSG. BidaskClub raised Stars Group from a “strong sell” rating to a “sell” rating in a report on Saturday, November 17th. Zacks Investment Research lowered Stars Group from a “buy” rating to a “sell” rating in a report on Thursday, November 1st. Finally, ValuEngine lowered Stars Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 6th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $33.50.
TSG traded up $1.29 during midday trading on Wednesday, reaching $18.30. The company’s stock had a trading volume of 2,222,057 shares, compared to its average volume of 2,752,612. The firm has a market capitalization of $4.63 billion, a P/E ratio of 8.13 and a beta of 1.67. 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.
Several large investors have recently made changes to their positions in the company. Legal & General Group Plc grew its holdings in shares of Stars Group by 239.3% during the 3rd quarter. Legal & General Group Plc now owns 94,477 shares of the company’s stock worth $2,345,000 after purchasing an additional 66,629 shares in the last quarter. Lombard Odier Asset Management USA Corp bought a new position in shares of Stars Group during the 3rd quarter worth approximately $1,245,000. Nordea Investment Management AB bought a new position in shares of Stars Group during the 3rd quarter worth approximately $4,352,000. JS Capital Management LLC lifted its position in shares of Stars Group by 8.7% during the 3rd quarter. JS Capital Management LLC now owns 48,900 shares of the company’s stock worth $1,217,000 after buying an additional 3,900 shares during the period. Finally, Soros Fund Management LLC lifted its position in shares of Stars Group by 112.1% during the 3rd quarter. Soros Fund Management LLC now owns 479,300 shares of the company’s stock worth $11,935,000 after buying an additional 253,300 shares during the period. 48.16% of the stock is currently owned by institutional investors.
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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