Q1 2019 EPS Estimates for Gamestop Corporation Lifted by Wedbush (GME)
Gamestop Corporation (NYSE:GME) – Wedbush increased their Q1 2019 EPS estimates for shares of Gamestop Corporation in a note issued to investors on Wednesday. Wedbush analyst M. Pachter now expects that the company will earn $0.54 per share for the quarter, up from their prior estimate of $0.53. Wedbush currently has a “Buy” rating and a $25.00 target price on the stock. Wedbush also issued estimates for Gamestop Corporation’s Q3 2019 earnings at $0.56 EPS and FY2019 earnings at $3.39 EPS.
Several other brokerages have also recently commented on GME. Zacks Investment Research upgraded shares of Gamestop Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub upgraded shares of Gamestop Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Telsey Advisory Group cut shares of Gamestop Corporation from an “outperform” rating to a “market perform” rating in a research report on Friday, August 11th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Gamestop Corporation in a research report on Friday, August 25th. Finally, Loop Capital reiterated a “buy” rating and set a $28.00 target price on shares of Gamestop Corporation in a research report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. Gamestop Corporation currently has an average rating of “Hold” and a consensus price target of $23.47.
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Shares of Gamestop Corporation (GME) traded up $0.64 during trading on Thursday, hitting $17.37. 20,142,300 shares of the company’s stock traded hands, compared to its average volume of 2,793,773. The company has a market cap of $1,694.87, a PE ratio of 4.52, a price-to-earnings-growth ratio of 0.34 and a beta of 1.24. Gamestop Corporation has a 52 week low of $15.85 and a 52 week high of $26.84. The company has a quick ratio of 0.49, a current ratio of 1.34 and a debt-to-equity ratio of 0.35.
Gamestop Corporation (NYSE:GME) last issued its earnings results on Tuesday, November 21st. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.43 by $0.11. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Gamestop Corporation had a net margin of 3.98% and a return on equity of 16.57%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
The business 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 $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 8.75%. The ex-dividend date of this dividend is Thursday, November 30th. Gamestop Corporation’s payout ratio is presently 44.31%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. acquired a new position in shares of Gamestop Corporation during the 3rd quarter worth about $112,000. BlueMountain Capital Management LLC acquired a new position in shares of Gamestop Corporation during the 2nd quarter worth about $162,000. LS Investment Advisors LLC boosted its stake in shares of Gamestop Corporation by 17.3% during the 2nd quarter. LS Investment Advisors LLC now owns 8,236 shares of the company’s stock worth $178,000 after buying an additional 1,213 shares during the last quarter. JBF Capital Inc. boosted its stake in shares of Gamestop Corporation by 119.8% during the 2nd quarter. JBF Capital Inc. now owns 9,120 shares of the company’s stock worth $197,000 after buying an additional 4,971 shares during the last quarter. Finally, National Planning Corp acquired a new position in shares of Gamestop Corporation during the 2nd quarter worth about $204,000.
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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