Stars Group (TSG) Issues FY 2019 Earnings Guidance

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Stars Group (NASDAQ:TSG) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.87-2.11 for the period. The company issued revenue guidance of $2.64-2.765 billion.Stars Group also updated its FY19 guidance to $1.87-2.11 EPS.

NASDAQ TSG opened at $17.56 on Friday. Stars Group has a one year low of $15.10 and a one year high of $38.95. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $4.57 billion, a P/E ratio of 7.44 and a beta of 1.63.

Stars Group (NASDAQ:TSG) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.08. Stars Group had a negative net margin of 0.91% and a positive return on equity of 18.05%. The firm had revenue of $652.80 million for the quarter, compared to analyst estimates of $658.37 million. During the same quarter last year, the firm posted $0.54 earnings per share. Stars Group’s revenue for the quarter was up 81.2% compared to the same quarter last year. Equities research analysts predict that Stars Group will post 1.99 EPS for the current year.

TSG has been the subject of several recent research reports. Susquehanna Bancshares initiated coverage on shares of Stars Group in a research report on Friday, December 7th. They issued a positive rating and a $26.00 price objective for the company. Barclays reaffirmed a hold rating and issued a $20.60 price objective on shares of Stars Group in a research report on Tuesday, January 15th. Canaccord Genuity reaffirmed a buy rating on shares of Stars Group in a research report on Friday, January 11th. BidaskClub downgraded shares of Stars Group from a sell rating to a strong sell rating in a research report on Thursday, February 7th. Finally, Zacks Investment Research raised shares of Stars Group from a sell rating to a hold rating in a research report on Tuesday, January 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Stars Group presently has a consensus rating of Hold and an average target price of $28.40.

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About Stars Group

The Stars Group Inc provides technology-based products and services to gaming and interactive entertainment industries in Canada and internationally. It owns and operates gaming and related interactive entertainment businesses under the PokerStars, PokerStars Casino, BetStars, Full Tilt, the PokerStars Players No Limit Hold'em Championship, European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour, Asia Pacific Poker Tour, PokerStars Festival, and PokerStars MEGASTACK live poker tour and event brands, The company was formerly known as Amaya, Inc and changed its name to The Stars Group Inc in August 2017.

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

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