Gamestop Corporation (GME) to Post Q4 2018 Earnings of $2.00 Per Share, SunTrust Banks Forecasts
Gamestop Corporation (NYSE:GME) – Investment analysts at SunTrust Banks dropped their Q4 2018 earnings per share estimates for Gamestop Corporation in a report released on Thursday. SunTrust Banks analyst D. Magee now expects that the company will post earnings of $2.00 per share for the quarter, down from their previous forecast of $2.02.
GME has been the topic of a number of other reports. Telsey Advisory Group raised Gamestop Corporation from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 10th. Vetr lowered Gamestop Corporation from a “strong-buy” rating to a “sell” rating and set a $22.69 target price on the stock. in a research report on Tuesday, May 2nd. Zacks Investment Research lowered Gamestop Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Loop Capital reaffirmed a “buy” rating and set a $28.00 target price on shares of Gamestop Corporation in a research report on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Gamestop Corporation in a research report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.84.
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Gamestop Corporation (NYSE GME) traded down 1.906% during trading on Monday, hitting $18.785. The stock had a trading volume of 3,651,146 shares. The company has a market cap of $1.90 billion, a P/E ratio of 5.653 and a beta of 1.20. The firm has a 50 day moving average of $21.31 and a 200-day moving average of $22.75. Gamestop Corporation has a one year low of $18.64 and a one year high of $30.51.
Gamestop Corporation (NYSE:GME) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. Gamestop Corporation had a return on equity of 16.66% and a net margin of 3.90%. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the company posted $0.27 EPS. Gamestop Corporation’s quarterly revenue was up 3.6% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, September 8th will be paid a $0.38 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a yield of 7.94%. Gamestop Corporation’s payout ratio is currently 45.65%.
A number of institutional investors have recently modified their holdings of GME. BlackRock Inc. increased its position in shares of Gamestop Corporation by 11,239.8% in the first quarter. BlackRock Inc. now owns 8,262,281 shares of the company’s stock worth $186,314,000 after buying an additional 8,189,420 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Gamestop Corporation by 38.3% in the second quarter. Dimensional Fund Advisors LP now owns 8,501,615 shares of the company’s stock worth $183,720,000 after buying an additional 2,353,774 shares during the last quarter. Numeric Investors LLC bought a new position in shares of Gamestop Corporation during the second quarter worth approximately $34,679,000. Balyasny Asset Management LLC increased its position in shares of Gamestop Corporation by 1,459.9% in the second quarter. Balyasny Asset Management LLC now owns 724,800 shares of the company’s stock worth $15,663,000 after buying an additional 678,335 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Gamestop Corporation by 51.6% in the first quarter. Morgan Stanley now owns 1,234,663 shares of the company’s stock worth $27,841,000 after buying an additional 420,120 shares during the last quarter.
About Gamestop Corporation
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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