Stars Group Inc (NASDAQ:TSG) – Stock analysts at Desjardins decreased their Q3 2019 EPS estimates for shares of Stars Group in a research report issued to clients and investors on Tuesday, August 13th. Desjardins analyst M. Yaghi now expects that the company will post earnings per share of $0.46 for the quarter, down from their previous forecast of $0.47. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for Stars Group’s FY2019 earnings at $1.80 EPS and FY2020 earnings at $2.06 EPS.
Stars Group (NASDAQ:TSG) last announced its quarterly earnings results on Monday, August 12th. The company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Stars Group had a net margin of 0.39% and a return on equity of 11.88%. The business had revenue of $637.62 million for the quarter, compared to analysts’ expectations of $655.97 million. During the same quarter last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 55.0% compared to the same quarter last year.
TSG has been the topic of several other research reports. Zacks Investment Research cut shares of Stars Group from a “hold” rating to a “sell” rating in a research report on Thursday. BidaskClub raised shares of Stars Group from a “strong sell” rating to a “sell” rating in a research report on Sunday, August 11th. Morgan Stanley assumed coverage on shares of Stars Group in a research report on Wednesday, May 1st. They set an “equal weight” rating and a $20.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of Stars Group in a research report on Monday, July 1st. They set a “neutral” rating on the stock. Finally, Barclays set a $21.00 target price on shares of Stars Group and gave the stock a “hold” rating in a research report on Monday. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $22.14.
Shares of NASDAQ TSG opened at $13.45 on Wednesday. Stars Group has a fifty-two week low of $12.59 and a fifty-two week high of $29.67. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 6.14 and a beta of 1.54. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.88 and a current ratio of 0.88. The firm’s 50-day simple moving average is $16.00 and its 200 day simple moving average is $17.07.
Several institutional investors have recently bought and sold shares of TSG. Bamco Inc. NY grew its position in shares of Stars Group by 8.8% during the 2nd quarter. Bamco Inc. NY now owns 186,070 shares of the company’s stock valued at $3,176,000 after purchasing an additional 15,000 shares in the last quarter. Essex Investment Management Co. LLC grew its position in shares of Stars Group by 129.7% during the 2nd quarter. Essex Investment Management Co. LLC now owns 133,672 shares of the company’s stock valued at $2,282,000 after purchasing an additional 75,468 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Stars Group during the 2nd quarter valued at $764,000. Moab Capital Partners LLC grew its position in shares of Stars Group by 1.2% during the 2nd quarter. Moab Capital Partners LLC now owns 1,322,277 shares of the company’s stock valued at $22,571,000 after purchasing an additional 16,072 shares in the last quarter. Finally, ValueAct Holdings L.P. purchased a new position in shares of Stars Group during the 2nd quarter valued at $232,664,000. 60.78% of the stock is currently owned by hedge funds and other 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.
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