Zacks: Analysts Anticipate Stars Group Inc (TSG) Will Announce Earnings of $0.46 Per Share

Wall Street analysts expect that Stars Group Inc (NASDAQ:TSG) will post $0.46 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Stars Group’s earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.51. Stars Group posted earnings of $0.66 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 30.3%. The firm is scheduled to report its next earnings results before the market opens on Wednesday, May 15th.

According to Zacks, analysts expect that Stars Group will report full-year earnings of $1.97 per share for the current financial year, with EPS estimates ranging from $1.88 to $2.03. For the next fiscal year, analysts forecast that the business will report earnings of $2.31 per share, with EPS estimates ranging from $2.17 to $2.44. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Stars Group.

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

Several equities analysts have recently commented on TSG shares. Canaccord Genuity reiterated a “buy” rating on shares of Stars Group in a research note on Friday, January 11th. Barclays reiterated a “hold” rating and set a $20.60 target price on shares of Stars Group in a research note on Tuesday, January 15th. BidaskClub cut Stars Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 7th. Zacks Investment Research cut Stars Group from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 9th. Finally, Echelon Wealth Partners reiterated a “buy” rating on shares of Stars Group in a research note on Wednesday, March 6th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $25.22.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Focused Wealth Management Inc bought a new position in Stars Group during the fourth quarter worth $34,000. NumerixS Investment Technologies Inc bought a new position in Stars Group during the fourth quarter worth $63,000. Creative Planning bought a new position in Stars Group during the first quarter worth $214,000. Bailard Inc. lifted its stake in Stars Group by 36.4% during the fourth quarter. Bailard Inc. now owns 13,890 shares of the company’s stock worth $229,000 after purchasing an additional 3,705 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in Stars Group by 133.5% during the fourth quarter. Citigroup Inc. now owns 16,516 shares of the company’s stock worth $273,000 after purchasing an additional 65,762 shares during the last quarter. Hedge funds and other institutional investors own 61.43% of the company’s stock.

Shares of Stars Group stock traded down $0.38 on Friday, hitting $19.73. 4,311,224 shares of the company’s stock traded hands, compared to its average volume of 2,260,982. The stock has a market cap of $5.49 billion, a P/E ratio of 9.01 and a beta of 1.60. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.30. Stars Group has a 52-week low of $15.10 and a 52-week high of $38.95.

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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