The Stars Group Inc. (TSG) Issues Quarterly Earnings Results

The Stars Group Inc. (NYSE:TSG) released its earnings results on Wednesday, August 9th. The company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04, Morningstar.com reports. The company had revenue of $305.31 million for the quarter, compared to the consensus estimate of $319.64 million. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS.

The Stars Group (TSG) traded down 1.63% during trading on Friday, hitting $18.15. The stock had a trading volume of 93,192 shares. The Stars Group has a 12 month low of $12.85 and a 12 month high of $20.35. The company’s 50 day moving average is $17.86 and its 200-day moving average is $16.92. The company has a market cap of $2.67 billion and a PE ratio of 25.42.

Separately, Zacks Investment Research downgraded The Stars Group from a “buy” rating to a “hold” rating in a research report on Tuesday.

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