GameStop Corp. (NYSE:GME) – Research analysts at Oppenheimer Holdings decreased their Q4 2017 earnings estimates for shares of GameStop Corp. in a research note issued on Monday. Oppenheimer Holdings analyst B. Nagel now forecasts that the brokerage will post earnings per share of $2.27 for the quarter, down from their prior forecast of $2.31. Oppenheimer Holdings also issued estimates for GameStop Corp.’s Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.53 EPS and Q4 2018 earnings at $2.49 EPS.

GameStop Corp. (NYSE:GME) last released its earnings results on Tuesday, November 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The firm earned $1.96 billion during the quarter. GameStop Corp. had a net margin of 4.32% and a return on equity of 18.72%. GameStop Corp.’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS.

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Earnings History and Estimates for GameStop Corp. (NYSE:GME)

Several other brokerages have also commented on GME. Pacific Crest reissued a “hold” rating on shares of GameStop Corp. in a report on Sunday, August 28th. Zacks Investment Research lowered shares of GameStop Corp. from a “hold” rating to a “strong sell” rating in a report on Monday, November 14th. Wedbush set a $30.00 price target on shares of GameStop Corp. and gave the stock a “buy” rating in a report on Saturday. SunTrust Banks Inc. reissued a “buy” rating on shares of GameStop Corp. in a report on Wednesday, October 12th. Finally, Hilliard Lyons raised shares of GameStop Corp. from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a report on Friday, September 9th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. GameStop Corp. currently has a consensus rating of “Hold” and a consensus price target of $30.86.

GameStop Corp. (NYSE:GME) traded up 1.18% during midday trading on Tuesday, hitting $24.78. 489,630 shares of the stock traded hands. GameStop Corp. has a 52-week low of $20.10 and a 52-week high of $35.17. The stock has a 50-day moving average of $23.86 and a 200 day moving average of $27.33. The firm has a market cap of $2.57 billion, a PE ratio of 6.59 and a beta of 1.16.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Premier Asset Managment LLC bought a new position in GameStop Corp. during the second quarter worth approximately $1,197,000. Fox Run Management L.L.C. bought a new position in GameStop Corp. during the second quarter worth approximately $872,000. Coastline Trust Co boosted its position in GameStop Corp. by 19.7% in the second quarter. Coastline Trust Co now owns 25,620 shares of the company’s stock worth $681,000 after buying an additional 4,210 shares during the last quarter. Americafirst Capital Management LLC bought a new position in GameStop Corp. during the second quarter worth approximately $150,000. Finally, Nisa Investment Advisors LLC boosted its position in GameStop Corp. by 265.2% in the second quarter. Nisa Investment Advisors LLC now owns 66,100 shares of the company’s stock worth $1,757,000 after buying an additional 48,000 shares during the last quarter.

WARNING: This piece of content was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this piece of content can be read at https://www.thecerbatgem.com/2016/11/30/q4-2017-eps-estimates-for-gamestop-corp-decreased-by-oppenheimer-holdings-gme.html.

In related news, EVP Michael Mauler bought 10,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were bought at an average price of $26.91 per share, with a total value of $269,100.00. Following the completion of the transaction, the executive vice president now directly owns 120,922 shares of the company’s stock, valued at approximately $3,254,011.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is currently owned by company insiders.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 13th. Shareholders of record on Thursday, December 1st will be given a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.48 dividend on an annualized basis and a yield of 6.04%. GameStop Corp.’s payout ratio is currently 39.47%.

GameStop Corp. 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. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.

5 Day Chart for NYSE:GME

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