GameStop Corp. (GME) Releases Q3 Earnings Guidance
GameStop Corp. (NYSE:GME) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.58-0.64 for the period, compared to the Thomson Reuters consensus estimate of $0.57, AnalystRatings.NET reports. GameStop Corp. also updated its FY15 guidance to $3.40-3.70 EPS.
GME has been the subject of a number of recent research reports. Analysts at Benchmark Co. cut their price target on shares of GameStop Corp. from $34.71 to $33.00 in a research note on Monday. On a related note, analysts at Wedbush reiterated a buy rating on shares of GameStop Corp. in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average target price of $50.92.
Shares of GameStop Corp. (NYSE:GME) traded down 2.03% during mid-day trading on Thursday, hitting $40.49. The stock had a trading volume of 4,787,311 shares. GameStop Corp. has a one year low of $33.10 and a one year high of $57.74. The stock’s 50-day moving average is $42.07 and its 200-day moving average is $39.36. The company has a market cap of $4.610 billion and a P/E ratio of 13.22. GameStop Corp. also saw unusually large options trading activity on Thursday. Stock traders bought 11,760 call options on the company. This represents an increase of 445% compared to the average daily volume of 2,158 call options.
GameStop Corp. (NYSE:GME) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.04. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 25.0% on a year-over-year basis. On average, analysts predict that GameStop Corp. will post $3.67 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.26%.
GameStop Corp. (NYSE:GME) is a holding company.
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