The Stars Group (TSG) Releases FY18 Earnings Guidance

The Stars Group (NASDAQ:TSG) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.33-2.47 for the period, compared to the Thomson Reuters consensus 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.

Several brokerages have issued reports on TSG. Zacks Investment Research raised shares of The Stars Group from a hold rating to a buy rating and set a $33.00 price target on the stock in a report on Tuesday. BidaskClub lowered shares of The Stars Group from a hold rating to a sell rating in a report on Thursday, January 11th. Finally, ValuEngine raised shares of The Stars Group from a buy rating to a strong-buy rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $30.67.

Shares of The Stars Group (TSG) opened at $28.60 on Wednesday. The Stars Group has a 52 week low of $14.45 and a 52 week high of $29.80. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.46. 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 issued its earnings results on Wednesday, March 14th. The company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.03). The Stars Group had a net margin of 20.34% and a return on equity of 23.77%. The firm had revenue of $360.30 million during the quarter, compared to analyst estimates of $355.46 million. During the same quarter in the prior year, the firm posted $0.53 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. sell-side analysts expect that The Stars Group will post 2.27 earnings per share for the current fiscal year.

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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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