Brokerages forecast that GameStop Corp. (NYSE:GME) will post $0.55 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for GameStop’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.50. GameStop posted 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 company is scheduled to issue its next quarterly 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 fiscal year, with EPS estimates ranging from $3.01 to $3.08. For the next year, analysts forecast that the company will post earnings of $2.67 per share, with EPS estimates ranging from $2.09 to $2.99. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover GameStop.

GameStop (NYSE:GME) last posted its quarterly earnings data on Thursday, September 6th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). GameStop had a negative net margin of 0.48% and a positive return on equity of 13.78%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the firm earned $0.15 EPS. The company’s revenue was down 2.4% on a year-over-year basis.

GME has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of GameStop from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Jefferies Financial Group set a $18.00 price target on shares of GameStop and gave the stock a “buy” rating in a report on Wednesday, September 5th. Wedbush set a $19.00 price target on shares of GameStop and gave the stock a “buy” rating in a report on Friday, September 7th. Credit Suisse Group set a $15.00 price target on shares of GameStop and gave the stock a “hold” rating in a report on Friday, September 7th. Finally, Loop Capital restated a “hold” rating and issued a $16.00 price target on shares of GameStop in a report on Monday, September 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $16.42.

Large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its stake in GameStop by 1.8% in the first quarter. Principal Financial Group Inc. now owns 443,813 shares of the company’s stock worth $5,601,000 after acquiring an additional 7,986 shares during the period. Comerica Bank lifted its stake in GameStop by 35.1% in the second quarter. Comerica Bank now owns 111,504 shares of the company’s stock worth $1,626,000 after acquiring an additional 28,957 shares during the period. Royal Bank of Canada lifted its stake in GameStop by 151.5% in the first quarter. Royal Bank of Canada now owns 267,505 shares of the company’s stock worth $3,375,000 after acquiring an additional 161,145 shares during the period. Eqis Capital Management Inc. lifted its stake in GameStop by 20.0% in the second quarter. Eqis Capital Management Inc. now owns 35,097 shares of the company’s stock worth $511,000 after acquiring an additional 5,844 shares during the period. Finally, OppenheimerFunds Inc. lifted its stake in GameStop by 27.8% in the second quarter. OppenheimerFunds Inc. now owns 1,325,627 shares of the company’s stock worth $19,314,000 after acquiring an additional 288,549 shares during the period.

GME stock traded up $0.50 during mid-day trading on Thursday, reaching $16.02. 2,062,533 shares of the stock traded hands, compared to its average volume of 4,398,230. The company has a quick ratio of 0.48, a current ratio of 1.45 and a debt-to-equity ratio of 0.39. GameStop has a one year low of $12.20 and a one year high of $20.97. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 4.77 and a beta of 1.31.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 2nd. Stockholders of record on Tuesday, September 18th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.49%. The ex-dividend date of this dividend is Monday, September 17th. GameStop’s payout ratio is presently 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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Earnings History and Estimates for GameStop (NYSE:GME)

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