The Stars Group (TSG) Issues FY18 Earnings Guidance

The Stars Group (NASDAQ:TSG) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.33-2.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.38. The company issued revenue guidance of $1.39-1.47 billion, compared to the consensus revenue estimate of $1.59 billion.

The Stars Group (NASDAQ:TSG) opened at $28.70 on Wednesday. The Stars Group has a 12-month low of $14.45 and a 12-month high of $29.80. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $4,336.84, a price-to-earnings ratio of 13.18 and a beta of 1.86.

The Stars Group (NASDAQ:TSG) last posted its earnings results on Wednesday, March 14th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The Stars Group had a return on equity of 23.77% and a net margin of 20.34%. The firm had revenue of $360.30 million for the quarter, compared to analyst estimates of $355.46 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. research analysts anticipate that The Stars Group will post 2.27 EPS for the current year.

A number of brokerages recently issued reports on TSG. Zacks Investment Research upgraded shares of The Stars Group from a hold rating to a buy rating and set a $33.00 price target for the company in a research note on Tuesday. BidaskClub upgraded shares of The Stars Group from a hold rating to a buy rating in a research note on Wednesday, February 21st. Finally, ValuEngine upgraded shares of The Stars Group from a buy rating to a strong-buy rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $30.67.

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The Stars Group Company Profile

The Stars Group Inc provides technology-based products and services to the global gaming and interactive entertainment industries. It owns and operates gaming and related interactive entertainment businesses under the PokerStars, PokerStars Casino, BetStars, Full Tilt, StarsDraft, the PokerStars Championship, and PokerStars Festival live poker tour brands.

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