GameStop Corp. (GME) Updates FY15 Earnings Guidance
GameStop Corp. (NYSE:GME) issued an update on its FY15 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.40-3.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.67, Stock Ratings Network reports. GameStop Corp. also updated its Q3 guidance to $0.58-0.64 EPS.
Several analysts have recently commented on the stock. 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 given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $50.92.
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 was the target of some unusual options trading activity on Thursday. Stock investors bought 11,760 call options on the company. This is an increase of approximately 445% compared to the average volume of 2,158 call options.
GameStop Corp. (NYSE:GME) last announced its earnings results on Thursday, August 21st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, analysts predict that GameStop Corp. will post $3.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Investors 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.
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.