Stars Group (NASDAQ:TSG) Posts Earnings Results, Beats Expectations By $0.02 EPS

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Stars Group (NASDAQ:TSG) issued its quarterly earnings results on Monday. The company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02, RTT News reports. Stars Group had a negative net margin of 6.71% and a positive return on equity of 12.81%. The company had revenue of $637.62 million during the quarter, compared to the consensus estimate of $655.97 million. During the same quarter in the prior year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 55.0% on a year-over-year basis. Stars Group updated its FY 2019 guidance to $1.68-1.83 EPS and its FY19 guidance to $1.68-1.83 EPS.

TSG stock opened at $12.98 on Tuesday. The stock’s 50 day moving average is $16.17. The firm has a market cap of $4.60 billion, a PE ratio of 5.93 and a beta of 1.54. Stars Group has a 1 year low of $12.59 and a 1 year high of $30.80. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.88 and a current ratio of 0.88.

A number of hedge funds have recently added to or reduced their stakes in TSG. Toronto Dominion Bank increased its position in Stars Group by 28.5% during the 1st quarter. Toronto Dominion Bank now owns 9,249,142 shares of the company’s stock worth $161,835,000 after purchasing an additional 2,051,098 shares in the last quarter. Norges Bank acquired a new position in Stars Group during the 4th quarter worth approximately $30,402,000. Thompson Siegel & Walmsley LLC increased its position in Stars Group by 36.1% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 3,294,645 shares of the company’s stock worth $57,689,000 after purchasing an additional 874,007 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in Stars Group during the 1st quarter worth approximately $9,736,000. Finally, Citigroup Inc. increased its position in Stars Group by 2,311.7% during the 1st quarter. Citigroup Inc. now owns 398,312 shares of the company’s stock worth $6,964,000 after purchasing an additional 381,796 shares in the last quarter. Institutional investors and hedge funds own 60.78% of the company’s stock.

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Stars Group in a report on Monday, July 1st. They set a “neutral” rating for the company. Desjardins downgraded shares of Stars Group from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Zacks Investment Research downgraded shares of Stars Group from a “hold” rating to a “strong sell” rating in a report on Thursday, May 23rd. ValuEngine raised shares of Stars Group from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th. Finally, Deutsche Bank assumed coverage on shares of Stars Group in a report on Monday, July 1st. They set a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Stars Group presently has a consensus rating of “Hold” and a consensus price target of $25.22.

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 for Stars Group (NASDAQ:TSG)

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