Zacks: Brokerages Anticipate Stars Group Inc (NASDAQ:TSG) Will Announce Earnings of $0.47 Per Share

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Wall Street analysts predict that Stars Group Inc (NASDAQ:TSG) will report $0.47 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Stars Group’s earnings, with estimates ranging from $0.44 to $0.49. Stars Group reported earnings per share of $0.60 in the same quarter last year, which would indicate a negative year-over-year growth rate of 21.7%. The company is expected to report its next quarterly earnings results on Monday, August 12th.

According to Zacks, analysts expect that Stars Group will report full year earnings of $1.87 per share for the current fiscal year, with EPS estimates ranging from $1.77 to $1.94. For the next financial year, analysts anticipate that the firm will post earnings of $2.23 per share, with EPS estimates ranging from $1.98 to $2.48. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Stars Group.

Stars Group (NASDAQ:TSG) last issued its earnings results on Wednesday, May 15th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.05). Stars Group had a negative net margin of 6.71% and a positive return on equity of 12.81%. The firm had revenue of $580.34 million during the quarter, compared to analyst estimates of $621.34 million. During the same quarter last year, the business posted $0.53 earnings per share. The company’s revenue for the quarter was up 47.7% on a year-over-year basis.

Several equities research analysts recently issued reports on the stock. BidaskClub downgraded shares of ZIX from a “buy” rating to a “hold” rating in a research note on Wednesday. Desjardins reiterated a “hold” rating on shares of Choice Properties REIT in a research note on Thursday, May 16th. Zacks Investment Research raised shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Deutsche Bank raised shares of MGM CHINA HOLDI/ADR to a “buy” rating in a report on Monday, July 1st. Finally, ValuEngine raised shares of Vermillion from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $25.22.

NASDAQ:TSG traded down $0.27 during mid-day trading on Friday, hitting $16.67. The stock had a trading volume of 65,491 shares, compared to its average volume of 1,640,361. Stars Group has a twelve month low of $15.10 and a twelve month high of $38.20. The firm has a market cap of $4.87 billion, a PE ratio of 7.59 and a beta of 1.55. The stock has a 50 day simple moving average of $16.61. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.88 and a current ratio of 0.88.

A number of institutional investors have recently added to or reduced their stakes in TSG. Amundi Pioneer Asset Management Inc. increased its position in shares of Stars Group by 78.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 32,297 shares of the company’s stock worth $565,000 after acquiring an additional 14,223 shares in the last quarter. FMR LLC increased its position in shares of Stars Group by 12.7% during the first quarter. FMR LLC now owns 3,104,137 shares of the company’s stock worth $54,353,000 after acquiring an additional 350,269 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Stars Group by 18.6% during the first quarter. Nordea Investment Management AB now owns 262,500 shares of the company’s stock worth $4,644,000 after acquiring an additional 41,100 shares in the last quarter. Marshall Wace North America L.P. increased its position in shares of Stars Group by 45.4% during the first quarter. Marshall Wace North America L.P. now owns 129,316 shares of the company’s stock worth $2,264,000 after acquiring an additional 40,393 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Stars Group by 2.2% during the first quarter. The Manufacturers Life Insurance Company now owns 1,907,815 shares of the company’s stock worth $33,406,000 after acquiring an additional 41,755 shares in the last quarter. 60.72% of the stock is currently owned by hedge funds and other institutional investors.

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

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