Stars Group Inc (NASDAQ:TSG) – Stock analysts at Cormark cut their FY2019 earnings per share estimates for Stars Group in a research report issued to clients and investors on Tuesday, August 13th. Cormark analyst D. Mcfadgen now anticipates that the company will earn $1.70 per share for the year, down from their previous estimate of $1.94. Cormark also issued estimates for Stars Group’s FY2020 earnings at $2.07 EPS and FY2021 earnings at $2.52 EPS.
A number of other analysts have also recently commented on TSG. ValuEngine raised Stars Group from a “strong sell” rating to a “sell” rating in a research note on Friday. Morgan Stanley initiated coverage on Stars Group in a research note on Wednesday, May 1st. They issued an “equal weight” rating and a $20.00 price target for the company. BidaskClub raised Stars Group from a “strong sell” rating to a “sell” rating in a research note on Sunday, August 11th. Barclays set a $21.00 price target on Stars Group and gave the company a “hold” rating in a research note on Monday. Finally, Zacks Investment Research cut Stars Group from a “hold” rating to a “sell” rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $22.14.
Stars Group (NASDAQ:TSG) last announced its quarterly earnings results on Monday, August 12th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $637.62 million during the quarter, compared to analysts’ expectations of $655.97 million. Stars Group had a return on equity of 11.88% and a net margin of 0.39%. Stars Group’s revenue was up 55.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS.
A number of hedge funds and other institutional investors have recently bought and sold shares of TSG. ValueAct Holdings L.P. bought a new stake in Stars Group during the 2nd quarter worth approximately $232,664,000. Caledonia Private Investments Pty Ltd increased its stake in Stars Group by 4.9% during the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 54,571,702 shares of the company’s stock worth $931,539,000 after purchasing an additional 2,567,478 shares in the last quarter. Toronto Dominion Bank increased its stake 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. Sterling Capital Management LLC bought a new stake in Stars Group during the 2nd quarter worth approximately $31,644,000. Finally, Norges Bank bought a new stake in Stars Group during the 4th quarter worth approximately $30,402,000. 60.78% of the stock is owned by institutional investors and hedge funds.
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.
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