Q2 2019 EPS Estimates for GameStop Corp. Lowered by Analyst (GME)

GameStop Corp. (NYSE:GME) – Investment analysts at Wedbush lowered their Q2 2019 earnings per share (EPS) estimates for GameStop in a note issued to investors on Tuesday. Wedbush analyst M. Pachter now expects that the company will post earnings of $0.15 per share for the quarter, down from their previous estimate of $0.16. Wedbush has a “Buy” rating and a $25.00 price objective on the stock. Wedbush also issued estimates for GameStop’s Q4 2019 earnings at $2.48 EPS and FY2019 earnings at $3.78 EPS.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised GameStop from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Wednesday, October 25th. SunTrust Banks reissued a “buy” rating and issued a $25.00 price objective on shares of GameStop in a report on Tuesday, October 17th. ValuEngine upgraded GameStop from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Robert W. Baird restated a “buy” rating and issued a $24.00 target price on shares of GameStop in a research note on Tuesday, September 26th. Finally, Loop Capital restated a “buy” rating and issued a $28.00 target price on shares of GameStop in a research note on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $22.42.

Shares of GameStop (NYSE:GME) traded up $0.36 on Thursday, reaching $17.86. The company had a trading volume of 4,265,093 shares, compared to its average volume of 4,983,458. GameStop has a 52 week low of $15.85 and a 52 week high of $26.68. The stock has a market cap of $1,810.00, a price-to-earnings ratio of 5.22, a P/E/G ratio of 0.35 and a beta of 1.26. The company has a current ratio of 1.20, a quick ratio of 0.38 and a debt-to-equity ratio of 0.35.

GameStop (NYSE:GME) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.11. GameStop had a return on equity of 16.50% and a net margin of 3.98%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the firm posted $0.49 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently modified their holdings of GME. Schwab Charles Investment Management Inc. boosted its position in shares of GameStop by 9.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 623,208 shares of the company’s stock valued at $13,468,000 after acquiring an additional 52,419 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of GameStop by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 17,756 shares of the company’s stock valued at $384,000 after acquiring an additional 1,327 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of GameStop by 3.1% during the 2nd quarter. Principal Financial Group Inc. now owns 431,245 shares of the company’s stock valued at $9,319,000 after acquiring an additional 13,114 shares during the last quarter. Swiss National Bank boosted its position in shares of GameStop by 2.2% during the 2nd quarter. Swiss National Bank now owns 171,482 shares of the company’s stock valued at $3,706,000 after acquiring an additional 3,700 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of GameStop by 4.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 122,532 shares of the company’s stock valued at $2,647,000 after acquiring an additional 5,118 shares during the last quarter.

In other GameStop news, Director Stephanie M. Shern sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $17.91, for a total value of $71,640.00. Following the completion of the transaction, the director now owns 13,474 shares in the company, valued at approximately $241,319.34. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.80% of the stock is owned by company insiders.

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GameStop 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.

Earnings History and Estimates for GameStop (NYSE:GME)

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