Gamestop Corporation Forecasted to Earn Q3 2018 Earnings of $0.49 Per Share (GME)
Gamestop Corporation (NYSE:GME) – Analysts at Wedbush boosted their Q3 2018 earnings estimates for Gamestop Corporation in a research note issued to investors on Friday. Wedbush analyst M. Pachter now forecasts that the company will post earnings of $0.49 per share for the quarter, up from their previous estimate of $0.48. Wedbush also issued estimates for Gamestop Corporation’s Q4 2018 earnings at $2.16 EPS, FY2018 earnings at $3.40 EPS, Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.14 EPS, Q4 2019 earnings at $2.19 EPS and FY2019 earnings at $3.30 EPS.
A number of other brokerages have also issued reports on GME. Telsey Advisory Group upgraded shares of Gamestop Corporation from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 10th. Vetr lowered shares of Gamestop Corporation from a “sell” rating to a “strong sell” rating and set a $20.04 target price on the stock. in a research report on Monday, May 15th. Bank of America Corporation set a $27.00 target price on shares of Gamestop Corporation and gave the stock a “hold” rating in a research report on Saturday, May 13th. ValuEngine lowered shares of Gamestop Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Gamestop Corporation in a research report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. Gamestop Corporation has a consensus rating of “Hold” and a consensus price target of $24.84.
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Shares of Gamestop Corporation (NYSE:GME) traded up 0.1941% during mid-day trading on Monday, hitting $18.7864. 570,351 shares of the company’s stock were exchanged. Gamestop Corporation has a 52 week low of $18.68 and a 52 week high of $30.51. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 5.6534 and a beta of 1.20. The firm has a 50 day moving average price of $21.31 and a 200-day moving average price of $22.75.
Gamestop Corporation (NYSE:GME) last issued its earnings results on Thursday, August 24th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.64 billion. Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the company posted $0.27 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Friday, September 8th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 8.11%. The ex-dividend date of this dividend is Thursday, September 7th. Gamestop Corporation’s dividend payout ratio (DPR) is 45.65%.
Large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its stake in Gamestop Corporation by 11.2% in the second quarter. Advisory Services Network LLC now owns 14,907 shares of the company’s stock valued at $322,000 after buying an additional 1,503 shares during the period. Public Employees Retirement System of Ohio increased its stake in Gamestop Corporation by 35.2% in the second quarter. Public Employees Retirement System of Ohio now owns 32,239 shares of the company’s stock valued at $697,000 after buying an additional 8,394 shares during the period. The Manufacturers Life Insurance Company increased its stake in Gamestop Corporation by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 150,266 shares of the company’s stock valued at $3,247,000 after buying an additional 1,762 shares during the period. Caxton Associates LP purchased a new stake in Gamestop Corporation during the second quarter valued at about $313,000. Finally, Cubist Systematic Strategies LLC increased its stake in Gamestop Corporation by 153.6% in the second quarter. Cubist Systematic Strategies LLC now owns 126,376 shares of the company’s stock valued at $2,731,000 after buying an additional 76,545 shares during the period.
Gamestop Corporation 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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