$0.43 EPS Expected for GoPro Inc (GPRO) This Quarter

Wall Street analysts expect that GoPro Inc (NASDAQ:GPRO) will announce earnings of $0.43 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for GoPro’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.41. GoPro posted earnings of $0.29 per share in the same quarter last year, which suggests a positive year over year growth rate of 48.3%. The business is scheduled to announce its next earnings report on Thursday, February 1st.

According to Zacks, analysts expect that GoPro will report full-year earnings of $0.04 per share for the current fiscal year, with EPS estimates ranging from $0.00 to $0.10. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.40 per share, with EPS estimates ranging from $0.27 to $0.50. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow GoPro.

Several equities analysts have issued reports on GPRO shares. Wedbush restated a “neutral” rating and set a $10.00 target price (down previously from $11.48) on shares of GoPro in a research note on Friday, September 29th. Zacks Investment Research upgraded shares of GoPro from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Wednesday, October 4th. Citigroup lowered their target price on shares of GoPro from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Oppenheimer restated a “hold” rating on shares of GoPro in a research note on Friday, September 29th. Finally, BidaskClub cut shares of GoPro from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. GoPro presently has an average rating of “Hold” and a consensus target price of $9.68.

In related news, Director Anthony John Bates sold 17,023 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $7.98, for a total value of $135,843.54. Following the completion of the sale, the director now directly owns 99,459 shares of the company’s stock, valued at approximately $793,682.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nicholas Woodman sold 515,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $9.30, for a total transaction of $4,789,500.00. The disclosure for this sale can be found here. Insiders sold a total of 704,907 shares of company stock valued at $6,478,800 over the last three months. 28.58% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nomura Holdings Inc. grew its holdings in GoPro by 5.4% during the 2nd quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock valued at $112,000 after buying an additional 704 shares in the last quarter. Legal & General Group Plc grew its holdings in GoPro by 2.3% during the 2nd quarter. Legal & General Group Plc now owns 34,526 shares of the company’s stock valued at $281,000 after buying an additional 763 shares in the last quarter. Stifel Financial Corp grew its holdings in GoPro by 1.4% during the 2nd quarter. Stifel Financial Corp now owns 59,343 shares of the company’s stock valued at $482,000 after buying an additional 813 shares in the last quarter. Nationwide Fund Advisors grew its holdings in GoPro by 0.8% during the 2nd quarter. Nationwide Fund Advisors now owns 111,160 shares of the company’s stock valued at $904,000 after buying an additional 900 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in GoPro by 14.6% during the 2nd quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock valued at $118,000 after buying an additional 1,858 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

GoPro (NASDAQ GPRO) opened at $7.57 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.65. The stock has a market cap of $1,104.90, a PE ratio of -4.40 and a beta of 0.54. GoPro has a one year low of $7.14 and a one year high of $11.89.

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About GoPro

GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.

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