Equities research analysts predict that GameStop Corp. (NYSE:GME) will announce earnings per share of $1.96 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for GameStop’s earnings. The highest EPS estimate is $2.03 and the lowest is $1.92. GameStop reported earnings of $2.38 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 17.6%. The company is expected to report its next earnings results after the market closes on Wednesday, March 28th.
On average, analysts expect that GameStop will report full year earnings of $3.28 per share for the current financial year, with EPS estimates ranging from $3.24 to $3.35. For the next year, analysts expect that the company will report earnings of $3.32 per share, with EPS estimates ranging from $3.10 to $3.78. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover GameStop.
GME has been the subject of a number of recent analyst reports. Oppenheimer restated a “hold” rating on shares of GameStop in a report on Wednesday, November 22nd. Loop Capital restated a “buy” rating and set a $28.00 price target on shares of GameStop in a report on Wednesday, November 22nd. Benchmark restated a “sell” rating and set a $15.00 price target (down from $18.00) on shares of GameStop in a report on Wednesday, November 22nd. ValuEngine upgraded shares of GameStop from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Bank of America restated a “hold” rating and set a $23.00 price target on shares of GameStop in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $22.23.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GME. State of Alaska Department of Revenue bought a new stake in shares of GameStop in the fourth quarter valued at about $104,000. Macquarie Group Ltd. acquired a new position in GameStop in the third quarter worth about $112,000. SeaCrest Wealth Management LLC acquired a new position in GameStop in the fourth quarter worth about $140,000. Kovack Advisors Inc. acquired a new position in GameStop in the fourth quarter worth about $181,000. Finally, Unison Advisors LLC acquired a new position in GameStop in the fourth quarter worth about $198,000.
GameStop (NYSE:GME) traded down $0.50 during mid-day trading on Wednesday, reaching $14.92. 2,371,383 shares of the company’s stock were exchanged, compared to its average volume of 3,701,420. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.20 and a quick ratio of 0.38. GameStop has a one year low of $14.89 and a one year high of $25.31. The company has a market capitalization of $1,562.11, a PE ratio of 4.39, a price-to-earnings-growth ratio of 0.31 and a beta of 1.26.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Monday, March 5th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 10.19%. The ex-dividend date is Friday, March 2nd. GameStop’s payout ratio is presently 44.31%.
GameStop Company Profile
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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