GameStop Corp. (GME) Releases Quarterly Earnings Results
GameStop Corp. (NYSE:GME) announced its earnings results on Thursday. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.04, AnalystRatings.Net reports. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.64 billion.
GameStop Corp. (NYSE:GME) traded down 2.03% on Thursday, hitting $40.49. The stock had a trading volume of 4,559,578 shares. GameStop Corp. has a 1-year low of $33.10 and a 1-year high of $57.74. The stock has a 50-day moving average of $42.07 and a 200-day moving average of $39.36. The company has a market cap of $4.610 billion and a P/E ratio of 13.22.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.26%.
A number of research firms have recently commented on GME. 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 the ratings front, analysts at Wedbush reiterated a “buy” rating on shares of GameStop Corp. in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $50.92.
GameStop Corp. (NYSE:GME) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.