Brokerages expect Stars Group Inc (NASDAQ:TSG) to announce sales of $649.24 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Stars Group’s earnings, with the lowest sales estimate coming in at $631.00 million and the highest estimate coming in at $682.73 million. Stars Group posted sales of $411.51 million in the same quarter last year, which would indicate a positive year over year growth rate of 57.8%. The company is scheduled to report its next quarterly earnings report on Monday, August 12th.
According to Zacks, analysts expect that Stars Group will report full-year sales of $2.63 billion for the current financial year, with estimates ranging from $2.60 billion to $2.70 billion. For the next fiscal year, analysts expect that the business will report sales of $2.85 billion, with estimates ranging from $2.79 billion to $2.94 billion. Zacks’ sales averages are an average based on a survey of research firms that cover 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 analysts’ consensus estimates of $0.43 by ($0.05). Stars Group had a positive return on equity of 12.81% and a negative net margin of 6.71%. The company had revenue of $580.34 million during the quarter, compared to analyst estimates of $621.34 million. During the same period in the prior year, the firm earned $0.53 EPS. Stars Group’s quarterly revenue was up 47.7% on a year-over-year basis.
A number of research firms have recently commented on TSG. JPMorgan Chase & Co. reiterated a “buy” rating on shares of SS&C Technologies in a research note on Monday, July 1st. Morgan Stanley lifted their price objective on Zendesk from $97.00 to $102.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Deutsche Bank upgraded MGM CHINA HOLDI/ADR to a “buy” rating in a research note on Monday, July 1st. BidaskClub lowered Ames National from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Desjardins reiterated a “hold” rating on shares of Choice Properties REIT in a research note on Thursday, May 16th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.22.
A number of institutional investors and hedge funds have recently modified their holdings of TSG. BlackRock Inc. acquired a new position in Stars Group in the 4th quarter valued at about $3,366,000. Bank of New York Mellon Corp lifted its position in shares of Stars Group by 2,102.8% in the fourth quarter. Bank of New York Mellon Corp now owns 267,903 shares of the company’s stock valued at $4,426,000 after acquiring an additional 255,741 shares in the last quarter. Aviva PLC purchased a new stake in shares of Stars Group in the fourth quarter valued at $1,216,000. Citigroup Inc. lifted its position in shares of Stars Group by 133.5% in the fourth quarter. Citigroup Inc. now owns 16,516 shares of the company’s stock valued at $273,000 after acquiring an additional 65,762 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Stars Group by 22.6% in the fourth quarter. Van ECK Associates Corp now owns 28,081 shares of the company’s stock valued at $464,000 after acquiring an additional 5,179 shares in the last quarter. Hedge funds and other institutional investors own 60.72% of the company’s stock.
Shares of Stars Group stock traded down $0.15 during trading on Friday, reaching $15.83. The company’s stock had a trading volume of 1,365,842 shares, compared to its average volume of 1,605,884. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a fifty day moving average price of $16.59. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 7.23 and a beta of 1.55. Stars Group has a one year low of $15.10 and a one year high of $38.00.
About Stars Group
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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