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

Stars Group Inc (NASDAQ:TSG) – Desjardins boosted their FY2019 earnings per share estimates for Stars Group in a research note issued on Monday, November 11th. Desjardins analyst M. Yaghi now expects that the company will post earnings of $1.81 per share for the year, up from their prior forecast 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.

TSG has been the topic of several other research reports. Morgan Stanley upped their price objective on shares of Stars Group from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Susquehanna Bancshares reissued a “neutral” rating on shares of Stars Group in a research note on Monday, October 7th. BMO Capital Markets reissued a “buy” rating and set a $30.00 price objective on shares of Stars Group in a research note on Monday, September 9th. Royal Bank of Canada initiated coverage on shares of Stars Group in a research note on Monday, October 28th. They set an “outperform” rating and a $25.50 price target on the stock. Finally, Jefferies Financial Group initiated coverage on shares of Stars Group in a research note on Monday, September 23rd. They set a “hold” rating and a $18.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Stars Group currently has an average rating of “Hold” and a consensus target price of $23.17.

Shares of TSG opened at $21.79 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 9.95 and a beta of 1.61. The company’s 50 day simple moving average is $19.64 and its 200 day simple moving average is $17.23. Stars Group has a 1 year low of $12.59 and a 1 year high of $22.23.

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

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new position in Stars Group during the second quarter worth approximately $145,000. Massey Quick Simon & CO. LLC purchased a new position in Stars Group during the third quarter worth approximately $179,000. OLD National Bancorp IN purchased a new position in Stars Group during the third quarter worth approximately $230,000. SG Americas Securities LLC purchased a new position in Stars Group during the third quarter worth approximately $240,000. Finally, Cerebellum GP LLC purchased a new position in Stars Group during the third quarter worth approximately $271,000. 65.90% of the stock is currently owned by 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.

Recommended Story: What are gap-down stocks?

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.