Gamestop Corporation (GME) Releases FY18 Earnings Guidance
Gamestop Corporation (NYSE:GME) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.10-3.40 for the period, compared to the Thomson Reuters consensus estimate of $3.34.
A number of research firms recently commented on GME. Zacks Investment Research raised shares of Gamestop Corporation from a sell rating to a hold rating in a research report on Tuesday, August 8th. Robert W. Baird reaffirmed a buy rating and issued a $24.00 target price on shares of Gamestop Corporation in a research report on Tuesday, September 26th. Vetr downgraded shares of Gamestop Corporation from a strong-buy rating to a hold rating and set a $16.58 target price on the stock. in a research report on Friday. BidaskClub raised shares of Gamestop Corporation from a sell rating to a hold rating in a research report on Friday, August 4th. Finally, Telsey Advisory Group downgraded shares of Gamestop Corporation from an outperform rating to a market perform rating in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $24.04.
Shares of Gamestop Corporation (NYSE:GME) traded up $0.13 during midday trading on Tuesday, hitting $16.44. 3,795,700 shares of the stock were exchanged, compared to its average volume of 2,687,041. The stock has a market capitalization of $1,630.00, a P/E ratio of 4.47, a PEG ratio of 0.33 and a beta of 1.24. Gamestop Corporation has a 1-year low of $15.85 and a 1-year high of $26.84. The company has a current ratio of 1.34, a quick ratio of 0.49 and a debt-to-equity ratio of 0.35.
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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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