Brokerages Expect Stars Group Inc (TSG) Will Announce Quarterly Sales of $651.25 Million

Equities research analysts expect Stars Group Inc (NASDAQ:TSG) to report $651.25 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Stars Group’s earnings, with the lowest sales estimate coming in at $619.50 million and the highest estimate coming in at $683.00 million. Stars Group posted sales of $392.89 million during the same quarter last year, which suggests a positive year over year growth rate of 65.8%. The business is expected to report its next earnings report before the market opens on Wednesday, May 15th.

On average, analysts expect that Stars Group will report full-year sales of $2.67 billion for the current fiscal year, with estimates ranging from $2.60 billion to $2.74 billion. For the next year, analysts forecast that the firm will report sales of $2.87 billion, with estimates ranging from $2.78 billion to $2.94 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Stars Group.

Stars Group (NASDAQ:TSG) last announced its earnings results on Wednesday, March 6th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.08. Stars Group had a positive return on equity of 16.48% and a negative net margin of 4.99%. The firm had revenue of $652.80 million during the quarter, compared to the consensus estimate of $658.37 million. During the same quarter in the prior year, the company earned $0.54 EPS. The firm’s revenue for the quarter was up 81.2% compared to the same quarter last year.



Several analysts recently weighed in on the company. Echelon Wealth Partners restated a “buy” rating on shares of Stars Group in a research note on Wednesday, March 6th. Morgan Stanley initiated coverage on Stars Group in a research report on Wednesday, May 1st. They issued an “equal weight” rating and a $20.00 price objective for the company. Desjardins upgraded Stars Group from a “hold” rating to a “buy” rating and set a $17.69 price objective for the company in a research report on Thursday, March 28th. ValuEngine upgraded Stars Group from a “strong sell” rating to a “sell” rating in a research report on Thursday. Finally, Zacks Investment Research downgraded Stars Group from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 9th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Stars Group has an average rating of “Hold” and an average price target of $25.22.

NASDAQ:TSG traded down $1.14 during mid-day trading on Monday, hitting $18.59. 4,680,309 shares of the company’s stock traded hands, compared to its average volume of 2,248,449. Stars Group has a 12 month low of $15.10 and a 12 month high of $38.95. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 8.49 and a beta of 1.60. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.30.

Hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank lifted its position in shares of Stars Group by 28.5% during the 1st quarter. Toronto Dominion Bank now owns 9,249,142 shares of the company’s stock worth $161,835,000 after buying an additional 2,051,098 shares during the period. Odey Asset Management Group Ltd lifted its position in shares of Stars Group by 182.6% during the 4th quarter. Odey Asset Management Group Ltd now owns 4,724,237 shares of the company’s stock worth $78,044,000 after buying an additional 3,052,237 shares during the period. Vanguard Group Inc lifted its position in shares of Stars Group by 4.4% during the 3rd quarter. Vanguard Group Inc now owns 3,613,612 shares of the company’s stock worth $89,979,000 after buying an additional 153,027 shares during the period. Vanguard Group Inc. lifted its position in shares of Stars Group by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,613,612 shares of the company’s stock worth $89,979,000 after buying an additional 153,027 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its position in shares of Stars Group by 36.1% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 3,294,645 shares of the company’s stock worth $57,689,000 after buying an additional 874,007 shares during the period. Institutional investors own 61.43% of the company’s stock.

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.

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

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