Equities research analysts expect GameStop Corp. (NYSE:GME) to report earnings per share of $0.55 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for GameStop’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.50. GameStop reported earnings of $0.54 per share during the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The business is scheduled to issue its next earnings report on Tuesday, November 20th.
On average, analysts expect that GameStop will report full-year earnings of $3.05 per share for the current financial year, with EPS estimates ranging from $3.01 to $3.08. For the next year, analysts anticipate that the business will report earnings of $2.67 per share, with EPS estimates ranging from $2.09 to $2.99. Zacks’ EPS calculations are an average based on a survey of analysts that cover GameStop.
GameStop (NYSE:GME) last released its quarterly earnings data on Thursday, September 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.61 billion. GameStop had a positive return on equity of 13.78% and a negative net margin of 0.48%. GameStop’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the firm posted $0.15 earnings per share.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of GameStop from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. Bank of America set a $10.00 price target on shares of GameStop and gave the company a “sell” rating in a research report on Wednesday, October 3rd. Loop Capital reissued a “hold” rating and issued a $16.00 price target on shares of GameStop in a research report on Monday, September 10th. Credit Suisse Group set a $15.00 price target on shares of GameStop and gave the company a “hold” rating in a research report on Friday, September 7th. Finally, Jefferies Financial Group assumed coverage on shares of GameStop in a research report on Monday, July 9th. They issued a “buy” rating and a $18.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $16.33.
Several large investors have recently made changes to their positions in the company. United Services Automobile Association raised its holdings in shares of GameStop by 11.7% in the second quarter. United Services Automobile Association now owns 51,583 shares of the company’s stock valued at $752,000 after buying an additional 5,406 shares during the last quarter. Northern Trust Corp raised its holdings in shares of GameStop by 46.6% in the second quarter. Northern Trust Corp now owns 1,267,974 shares of the company’s stock valued at $18,475,000 after buying an additional 403,233 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of GameStop by 6.4% in the second quarter. Bank of New York Mellon Corp now owns 2,933,715 shares of the company’s stock valued at $42,744,000 after buying an additional 176,410 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of GameStop by 12.1% in the second quarter. Advisors Asset Management Inc. now owns 1,259,629 shares of the company’s stock valued at $18,353,000 after buying an additional 135,874 shares during the last quarter. Finally, Green Square Capital LLC raised its holdings in shares of GameStop by 47.3% in the second quarter. Green Square Capital LLC now owns 339,793 shares of the company’s stock valued at $4,951,000 after buying an additional 109,174 shares during the last quarter.
Shares of GameStop stock traded up $0.14 during trading on Friday, hitting $14.80. 1,927,585 shares of the stock were exchanged, compared to its average volume of 4,260,466. GameStop has a 12-month low of $12.20 and a 12-month high of $20.55. The stock has a market cap of $1.56 billion, a P/E ratio of 4.43 and a beta of 1.28. The company has a current ratio of 1.45, a quick ratio of 0.48 and a debt-to-equity ratio of 0.39.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Tuesday, September 18th were given a $0.38 dividend. The ex-dividend date of this dividend was Monday, September 17th. This represents a $1.52 dividend on an annualized basis and a yield of 10.27%. GameStop’s dividend payout ratio (DPR) is presently 45.51%.
GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. It operates in five segments: United States, Canada, Australia, Europe, and Technology Brands. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software.
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