Brokerages predict that Stars Group Inc (NASDAQ:TSG) will announce sales of $621.95 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Stars Group’s earnings, with the lowest sales estimate coming in at $603.00 million and the highest estimate coming in at $640.90 million. Stars Group reported sales of $329.44 million during the same quarter last year, which indicates a positive year-over-year growth rate of 88.8%. The company is expected to announce its next quarterly earnings report on Thursday, November 8th.

On average, analysts expect that Stars Group will report full-year sales of $2.13 billion for the current fiscal year. For the next fiscal year, analysts anticipate that the business will report sales of $2.80 billion, with estimates ranging from $2.72 billion to $2.89 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Stars Group.

Stars Group (NASDAQ:TSG) last announced its quarterly earnings data on Monday, August 13th. The company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.06. The business had revenue of $411.50 million during the quarter, compared to the consensus estimate of $380.80 million. Stars Group had a return on equity of 23.55% and a net margin of 3.01%. The business’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 earnings per share.

A number of brokerages have recently commented on TSG. BidaskClub downgraded Stars Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Zacks Investment Research raised Stars Group from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Thursday, June 28th. ValuEngine downgraded Stars Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, Macquarie lowered their price objective on Stars Group from $48.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, August 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Stars Group presently has a consensus rating of “Hold” and an average target price of $41.50.

A number of hedge funds have recently bought and sold shares of TSG. Twin Tree Management LP purchased a new stake in shares of Stars Group in the second quarter worth about $107,000. Tower Research Capital LLC TRC purchased a new stake in shares of Stars Group in the second quarter worth about $127,000. Monetary Management Group Inc. purchased a new stake in shares of Stars Group in the second quarter worth about $200,000. Atria Investments LLC acquired a new position in shares of Stars Group in the second quarter worth about $227,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Stars Group in the second quarter worth about $233,000. 49.19% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:TSG traded up $0.41 during midday trading on Wednesday, reaching $23.38. The company’s stock had a trading volume of 971,688 shares, compared to its average volume of 902,069. The company has a market cap of $6.77 billion, a P/E ratio of 10.39 and a beta of 1.59. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.94. Stars Group has a 1 year low of $19.70 and a 1 year high of $38.95.

Stars Group Company Profile

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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