Zacks: Analysts Expect Gamestop Corporation (GME) Will Post Quarterly Sales of $3.11 Billion
Analysts expect that Gamestop Corporation (NYSE:GME) will announce sales of $3.11 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Gamestop’s earnings, with the lowest sales estimate coming in at $3.07 billion and the highest estimate coming in at $3.14 billion. Gamestop reported sales of $3.05 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 2%. The business is expected to report its next quarterly earnings report on Thursday, March 22nd.
On average, analysts expect that Gamestop will report full year sales of $3.11 billion for the current financial year, with estimates ranging from $8.79 billion to $8.86 billion. For the next year, analysts expect that the business will report sales of $8.70 billion per share, with estimates ranging from $8.54 billion to $8.82 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Gamestop.
Gamestop (NYSE:GME) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.43 by $0.11. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Gamestop had a net margin of 3.98% and a return on equity of 16.50%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share.
In other news, Director Stephanie M. Shern sold 4,000 shares of Gamestop stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $17.91, for a total value of $71,640.00. Following the transaction, the director now owns 13,474 shares of the company’s stock, valued at $241,319.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.80% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. AXA raised its position in shares of Gamestop by 8.1% in the third quarter. AXA now owns 408,800 shares of the company’s stock valued at $8,445,000 after purchasing an additional 30,600 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Gamestop by 74.5% in the third quarter. Public Employees Retirement System of Ohio now owns 56,271 shares of the company’s stock valued at $1,163,000 after purchasing an additional 24,032 shares during the period. GSA Capital Partners LLP raised its position in shares of Gamestop by 197.5% in the third quarter. GSA Capital Partners LLP now owns 29,388 shares of the company’s stock valued at $607,000 after purchasing an additional 19,510 shares during the period. Coastline Trust Co raised its position in shares of Gamestop by 59.5% in the third quarter. Coastline Trust Co now owns 22,360 shares of the company’s stock valued at $462,000 after purchasing an additional 8,340 shares during the period. Finally, First Heartland Consultants Inc. raised its position in shares of Gamestop by 15.9% in the third quarter. First Heartland Consultants Inc. now owns 84,896 shares of the company’s stock valued at $1,754,000 after purchasing an additional 11,650 shares during the period.
Gamestop (GME) traded up $0.02 during mid-day trading on Monday, hitting $18.77. 3,831,900 shares of the company traded hands, compared to its average volume of 2,866,083. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.38 and a current ratio of 1.20. The firm has a market capitalization of $1,901.54, a PE ratio of 5.07, a P/E/G ratio of 0.38 and a beta of 1.26. Gamestop has a twelve month low of $15.85 and a twelve month high of $26.84.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.10%. The ex-dividend date of this dividend is Thursday, November 30th. Gamestop’s dividend payout ratio is 44.31%.
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.
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