Analysts expect GameStop Corp. (NYSE:GME) to post earnings of $0.08 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for GameStop’s earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.04. GameStop reported earnings per share of $0.15 in the same quarter last year, which indicates a negative year-over-year growth rate of 46.7%. The business is expected to report its next earnings report on Thursday, August 23rd.
According to Zacks, analysts expect that GameStop will report full-year earnings of $3.08 per share for the current fiscal year, with EPS estimates ranging from $3.01 to $3.20. For the next fiscal year, analysts expect that the business will report earnings of $2.74 per share, with EPS estimates ranging from $2.09 to $3.14. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow GameStop.
GameStop (NYSE:GME) last announced its quarterly earnings data on Friday, June 1st. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.96 billion. GameStop had a return on equity of 13.92% and a net margin of 0.04%. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS.
A number of research analysts have issued reports on GME shares. Wedbush set a $19.00 price objective on GameStop and gave the company a “buy” rating in a research note on Sunday, April 1st. Bank of America downgraded GameStop from a “neutral” rating to an “underperform” rating and set a $11.00 price objective for the company. in a research note on Thursday, March 29th. Robert W. Baird reduced their price objective on GameStop from $23.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, March 29th. Credit Suisse Group set a $15.00 price target on GameStop and gave the company a “hold” rating in a research report on Tuesday, May 22nd. Finally, Loop Capital set a $26.00 price target on GameStop and gave the company a “buy” rating in a research report on Wednesday, March 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $16.06.
A number of institutional investors and hedge funds have recently modified their holdings of GME. Armistice Capital LLC purchased a new stake in GameStop during the 4th quarter worth about $14,360,000. Global X Management Co. LLC purchased a new stake in GameStop during the 1st quarter worth about $7,636,000. BlackRock Inc. lifted its holdings in GameStop by 6.2% during the 1st quarter. BlackRock Inc. now owns 9,409,036 shares of the company’s stock worth $118,742,000 after purchasing an additional 548,437 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in GameStop by 22.3% during the 4th quarter. Bank of New York Mellon Corp now owns 2,894,420 shares of the company’s stock worth $51,956,000 after purchasing an additional 527,083 shares in the last quarter. Finally, Mackay Shields LLC purchased a new stake in GameStop during the 1st quarter worth about $5,899,000.
Shares of GameStop opened at $15.52 on Monday, Marketbeat.com reports. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 4.65, a price-to-earnings-growth ratio of 0.34 and a beta of 1.25. The company has a quick ratio of 0.45, a current ratio of 1.52 and a debt-to-equity ratio of 0.37. GameStop has a 1 year low of $12.20 and a 1 year high of $22.37.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 26th. Investors of record on Tuesday, June 12th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, June 11th. This represents a $1.52 dividend on an annualized basis and a yield of 9.79%. GameStop’s dividend payout ratio (DPR) is 45.51%.
GameStop Company Profile
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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