FY2019 EPS Estimates for Stars Group Inc Raised by Desjardins (NASDAQ:TSG)

Share on StockTwits

Stars Group Inc (NASDAQ:TSG) – Equities research analysts at Desjardins increased their FY2019 earnings estimates for Stars Group in a research note issued on Monday, November 11th. Desjardins analyst M. Yaghi now forecasts that the company will post earnings per share of $1.81 for the year, up from their previous estimate of $1.80. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Stars Group’s Q4 2019 earnings at $0.45 EPS and FY2020 earnings at $1.99 EPS.

Stars Group (NASDAQ:TSG) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The firm had revenue of $622.50 million during the quarter, compared to analysts’ expectations of $639.82 million. Stars Group had a negative net margin of 2.28% and a positive return on equity of 12.31%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share.

Other research analysts have also recently issued reports about the stock. Susquehanna Bancshares reiterated a “neutral” rating on shares of Stars Group in a report on Monday, October 7th. Zacks Investment Research upgraded shares of Stars Group from a “sell” rating to a “hold” rating in a report on Friday, October 25th. ValuEngine cut shares of Stars Group from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Royal Bank of Canada assumed coverage on shares of Stars Group in a report on Monday, October 28th. They set an “outperform” rating and a $25.50 price objective for the company. Finally, Jefferies Financial Group assumed coverage on shares of Stars Group in a report on Monday, September 23rd. They set a “hold” rating and a $18.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $23.17.

Shares of NASDAQ TSG opened at $21.81 on Tuesday. The stock has a market capitalization of $6.26 billion, a P/E ratio of 9.96 and a beta of 1.61. The company has a 50-day moving average price of $19.76 and a 200-day moving average price of $17.25. Stars Group has a 1 year low of $12.59 and a 1 year high of $22.23. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.98 and a quick ratio of 0.98.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSG. Russell Investments Group Ltd. bought a new stake in Stars Group in the second quarter worth about $145,000. Massey Quick Simon & CO. LLC bought a new stake in Stars Group in the third quarter worth about $179,000. OLD National Bancorp IN bought a new stake in Stars Group in the third quarter worth about $230,000. SG Americas Securities LLC bought a new stake in Stars Group in the third quarter worth about $240,000. Finally, Cerebellum GP LLC bought a new stake in Stars Group in the third quarter worth about $271,000. 65.90% of the stock is currently owned by institutional investors.

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.

See Also: Quick Ratio

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

Receive News & Ratings for Stars Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stars Group and related companies with MarketBeat.com's FREE daily email newsletter.