GameStop Corp. (GME) Scheduled to Post Quarterly Earnings on Tuesday
GameStop Corp. (NYSE:GME) is scheduled to announce its earnings results on Tuesday, November 22nd. GameStop Corp. has set its Q3 guidance at $0.53-0.58 EPS and its FY17 guidance at $3.90-4.05 EPS.Investors interested in registering for the company’s conference call can do so using this link.
GameStop Corp. (NYSE:GME) last issued its earnings results on Thursday, August 25th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.73 billion. GameStop Corp. had a return on equity of 19.44% and a net margin of 4.35%. The business’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. On average, analysts expect GameStop Corp. to post $3.71 EPS for the current fiscal year and $3.88 EPS for the next fiscal year.
Shares of GameStop Corp. (NYSE:GME) opened at 23.46 on Friday. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 6.19 and a beta of 1.16. GameStop Corp. has a 52 week low of $20.10 and a 52 week high of $39.77. The firm has a 50 day moving average price of $24.48 and a 200 day moving average price of $27.67.
In other news, EVP Michael Mauler bought 10,000 shares of GameStop Corp. stock in a transaction dated Thursday, September 15th. The shares were purchased at an average cost of $26.91 per share, with a total value of $269,100.00. Following the completion of the acquisition, the executive vice president now owns 120,922 shares of the company’s stock, valued at approximately $3,254,011.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by insiders.
Several large investors have recently modified their holdings of GME. FMR LLC boosted its stake in shares of GameStop Corp. by 0.4% in the second quarter. FMR LLC now owns 15,591,175 shares of the company’s stock valued at $414,413,000 after buying an additional 61,629 shares during the period. BlackRock Fund Advisors boosted its stake in shares of GameStop Corp. by 121.9% in the second quarter. BlackRock Fund Advisors now owns 3,625,827 shares of the company’s stock valued at $96,374,000 after buying an additional 1,991,782 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of GameStop Corp. by 10.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,304,775 shares of the company’s stock valued at $87,841,000 after buying an additional 306,344 shares during the period. Allianz Asset Management AG boosted its stake in shares of GameStop Corp. by 2.6% in the second quarter. Allianz Asset Management AG now owns 1,110,593 shares of the company’s stock valued at $29,520,000 after buying an additional 28,600 shares during the period. Finally, Morgan Stanley boosted its stake in shares of GameStop Corp. by 14.9% in the third quarter. Morgan Stanley now owns 734,378 shares of the company’s stock valued at $20,263,000 after buying an additional 95,439 shares during the period.
Several analysts recently weighed in on GME shares. Pacific Crest restated a “hold” rating on shares of GameStop Corp. in a research note on Sunday, August 28th. Zacks Investment Research downgraded GameStop Corp. from a “hold” rating to a “strong sell” rating in a research note on Monday. SunTrust Banks Inc. reiterated a “buy” rating on shares of GameStop Corp. in a research note on Wednesday, October 12th. Hilliard Lyons upgraded GameStop Corp. from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Friday, September 9th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $40.00 target price on shares of GameStop Corp. in a research note on Monday, October 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $32.90.
About GameStop Corp.
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. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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