Stars Group Inc (TSG) Expected to Announce Quarterly Sales of $621.95 Million

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Wall Street analysts expect that Stars Group Inc (NASDAQ:TSG) will post sales of $621.95 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Stars Group’s earnings, with the highest sales estimate coming in at $640.90 million and the lowest estimate coming in at $603.00 million. Stars Group posted sales of $329.44 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 88.8%. The firm is expected to report its next earnings report on Thursday, November 8th.

On average, analysts expect that Stars Group will report full year sales of $2.13 billion for the current year. For the next fiscal year, analysts forecast that the company will report sales of $2.80 billion, with estimates ranging from $2.72 billion to $2.89 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Stars Group.

Stars Group (NASDAQ:TSG) last issued its quarterly earnings results on Monday, August 13th. The company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.06. Stars Group had a net margin of 3.01% and a return on equity of 23.55%. The company had revenue of $411.50 million during the quarter, compared to the consensus estimate of $380.80 million. During the same quarter in the prior year, the firm posted $0.56 EPS. The firm’s quarterly revenue was up 34.8% on a year-over-year basis.

Several brokerages recently commented on TSG. Zacks Investment Research downgraded shares of Stars Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 28th. BidaskClub downgraded shares of Stars Group from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Macquarie dropped their price objective on shares of Stars Group from $48.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, August 14th. ValuEngine downgraded shares of Stars Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, TheStreet downgraded shares of Stars Group from a “b” rating to a “c” rating in a research note on Monday, August 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $41.50.

Shares of Stars Group stock traded up $0.41 on Wednesday, reaching $23.38. 971,688 shares of the stock were exchanged, compared to its average volume of 902,069. Stars Group has a one year low of $19.70 and a one year high of $38.95. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.94. The company has a market cap of $6.77 billion, a PE ratio of 10.39 and a beta of 1.59.

A number of large investors have recently modified their holdings of TSG. Wells Fargo & Company MN bought a new position in Stars Group in the 1st quarter valued at approximately $198,000. Dimensional Fund Advisors LP raised its stake in shares of Stars Group by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 204,382 shares of the company’s stock valued at $5,631,000 after acquiring an additional 2,500 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Stars Group by 17.5% during the first quarter. Russell Investments Group Ltd. now owns 602,750 shares of the company’s stock valued at $16,547,000 after acquiring an additional 89,715 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of Stars Group by 89.3% during the first quarter. Allianz Asset Management GmbH now owns 19,528 shares of the company’s stock valued at $538,000 after acquiring an additional 9,211 shares during the last quarter. Finally, A.R.T. Advisors LLC bought a new position in shares of Stars Group during the first quarter valued at $1,080,000. 49.19% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Earnings Per Share (EPS)

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Earnings History and Estimates for Stars Group (NASDAQ:TSG)

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