Cormark Comments on The Stars Group Inc.’s FY2017 Earnings (TSG)
The Stars Group Inc. (NYSE:TSG) – Equities researchers at Cormark lifted their FY2017 earnings per share estimates for shares of The Stars Group in a note issued to investors on Wednesday. Cormark analyst D. Mcfadgen now anticipates that the company will earn $2.11 per share for the year, up from their prior forecast of $2.10. Cormark also issued estimates for The Stars Group’s FY2018 earnings at $2.22 EPS, FY2019 earnings at $2.32 EPS and FY2020 earnings at $2.34 EPS.
A number of other equities research analysts also recently issued reports on TSG. Zacks Investment Research upgraded The Stars Group from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Saturday, August 12th. BidaskClub downgraded The Stars Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 31st.
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Shares of The Stars Group (NYSE:TSG) opened at 17.30 on Thursday. The stock has a market capitalization of $2.55 billion and a P/E ratio of 24.23. The Stars Group has a one year low of $12.85 and a one year high of $20.35. The stock has a 50 day moving average of $17.75 and a 200-day moving average of $17.23.
The Stars Group (NYSE:TSG) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. The firm had revenue of $305.31 million during the quarter, compared to analysts’ expectations of $319.64 million. During the same period in the previous year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year.
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