Gamestop (NYSE:GME) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.10-3.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.34.
A number of analysts have weighed in on the company. Oppenheimer reiterated a hold rating on shares of Gamestop in a research note on Friday, August 25th. Loop Capital reiterated a buy rating and issued a $28.00 target price on shares of Gamestop in a research note on Wednesday, August 23rd. Robert W. Baird reissued an outperform rating and issued a $24.00 price target on shares of Gamestop in a report on Tuesday, August 29th. Zacks Investment Research downgraded Gamestop from a buy rating to a hold rating in a report on Tuesday, November 7th. Finally, ValuEngine downgraded Gamestop from a buy rating to a hold rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $23.47.
Shares of Gamestop (GME) traded down $0.38 on Thursday, hitting $18.63. The company had a trading volume of 3,277,549 shares, compared to its average volume of 2,873,225. The stock has a market capitalization of $1,910.00, a PE ratio of 5.21, a price-to-earnings-growth ratio of 0.39 and a beta of 1.26. 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 52-week low of $15.85 and a 52-week high of $26.84.
Gamestop (NYSE:GME) last released its quarterly earnings data on Tuesday, November 21st. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.11. Gamestop had a return on equity of 16.50% and a net margin of 3.98%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. sell-side analysts predict that Gamestop will post 3.3 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Friday, December 1st will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 8.16%. The ex-dividend date of this dividend is Thursday, November 30th. Gamestop’s payout ratio is 44.44%.
In related news, Director Stephanie M. Shern sold 4,000 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $17.91, for a total transaction of $71,640.00. Following the transaction, the director now owns 13,474 shares of the company’s stock, valued at approximately $241,319.34. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.
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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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