Stars Group (NASDAQ:TSG) Posts Earnings Results, Beats Estimates By $0.08 EPS

Stars Group (NASDAQ:TSG) released its quarterly earnings results on Thursday. The company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08, reports. The company had revenue of $622.50 million during the quarter, compared to analysts’ expectations of $639.82 million. Stars Group had a return on equity of 11.76% and a net margin of 0.39%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share.

NASDAQ:TSG traded down $0.14 on Friday, hitting $21.77. 1,240,400 shares of the stock were exchanged, compared to its average volume of 2,741,068. The stock has a market cap of $6.19 billion, a PE ratio of 9.94 and a beta of 1.61. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.17. The stock has a fifty day moving average of $19.16 and a 200-day moving average of $17.18. Stars Group has a fifty-two week low of $12.59 and a fifty-two week high of $22.23.

Several research firms recently commented on TSG. Royal Bank of Canada began coverage on Stars Group in a research note on Monday, October 28th. They issued an “outperform” rating and a $25.50 target price for the company. Barclays lowered Stars Group from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, September 10th. BMO Capital Markets reiterated a “buy” rating and issued a $30.00 target price on shares of Stars Group in a research note on Monday, September 9th. Desjardins lowered Stars Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Finally, Zacks Investment Research upgraded Stars Group from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. Stars Group presently has an average rating of “Hold” and an average price target of $22.88.

Stars Group Company Profile

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.

See Also: Trading Strategy Examples and Plans

Earnings History for Stars Group (NASDAQ:TSG)

Receive News & Ratings for Stars Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stars Group and related companies with's FREE daily email newsletter.

Leave a Reply