Cormark Weighs in on Stars Group Inc’s FY2019 Earnings (NASDAQ:TSG)

Stars Group Inc (NASDAQ:TSG) – Research analysts at Cormark dropped their FY2019 earnings per share (EPS) estimates for Stars Group in a report issued on Thursday, March 28th, according to Zacks Investment Research. Cormark analyst D. Mcfadgen now anticipates that the company will post earnings per share of $2.03 for the year, down from their previous forecast of $2.09. Cormark also issued estimates for Stars Group’s FY2020 earnings at $2.45 EPS.

Stars Group (NASDAQ:TSG) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $658.37 million. During the same quarter last year, the business posted $0.54 EPS. The company’s revenue for the quarter was up 81.2% on a year-over-year basis.

Other analysts also recently issued research reports about the company. Echelon Wealth Partners reissued a “buy” rating on shares of Stars Group in a research note on Wednesday, March 6th. Desjardins upgraded Stars Group from a “hold” rating to a “buy” rating and set a $17.69 price objective for the company in a report on Thursday, March 28th. ValuEngine upgraded Stars Group from a “strong sell” rating to a “sell” rating in a report on Monday, March 25th. Zacks Investment Research cut Stars Group from a “hold” rating to a “strong sell” rating in a report on Saturday, March 9th. Finally, BidaskClub cut Stars Group from a “sell” rating to a “strong sell” rating in a report on Thursday, February 7th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $26.26.

Shares of TSG traded up $0.18 during midday trading on Friday, hitting $19.38. The stock had a trading volume of 1,351,908 shares, compared to its average volume of 2,349,512. Stars Group has a twelve month low of $15.10 and a twelve month high of $38.95. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 8.85 and a beta of 1.59. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.03 and a quick ratio of 1.03.

Institutional investors have recently bought and sold shares of the stock. Blackstone Group L.P. bought a new stake in shares of Stars Group during the third quarter worth approximately $607,739,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Stars Group by 33.1% during the third quarter. The Manufacturers Life Insurance Company now owns 1,013,742 shares of the company’s stock worth $25,242,000 after acquiring an additional 252,122 shares during the period. Great Lakes Advisors LLC bought a new stake in shares of Stars Group during the third quarter worth approximately $498,000. Legal & General Group Plc boosted its holdings in shares of Stars Group by 239.3% during the third quarter. Legal & General Group Plc now owns 94,477 shares of the company’s stock worth $2,345,000 after acquiring an additional 66,629 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Stars Group by 28.9% during the third quarter. JPMorgan Chase & Co. now owns 1,051,677 shares of the company’s stock worth $26,187,000 after acquiring an additional 235,489 shares during the period. Institutional investors and hedge funds own 61.35% 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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