GameStop Corp. (NYSE:GME) – Investment analysts at Wedbush dropped their FY2018 earnings estimates for GameStop in a report released on Tuesday. Wedbush analyst M. Pachter now forecasts that the company will post earnings of $3.24 per share for the year, down from their prior forecast of $3.36. Wedbush currently has a “Buy” rating and a $25.00 target price on the stock. Wedbush also issued estimates for GameStop’s Q4 2018 earnings at $1.93 EPS, Q1 2019 earnings at $0.59 EPS and Q3 2019 earnings at $0.58 EPS.

A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of GameStop from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Wednesday, October 25th. Credit Suisse Group set a $20.00 target price on shares of GameStop and gave the stock a “hold” rating in a report on Saturday, November 25th. Benchmark reiterated a “sell” rating and set a $15.00 target price (down from $18.00) on shares of GameStop in a report on Wednesday, November 22nd. SunTrust Banks reiterated a “buy” rating and set a $25.00 target price on shares of GameStop in a report on Tuesday, October 17th. Finally, ValuEngine upgraded shares of GameStop from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $22.42.

GameStop (NYSE GME) traded up $0.34 during trading on Wednesday, reaching $17.50. 4,256,464 shares of the company’s stock were exchanged, compared to its average volume of 5,048,506. The firm has a market cap of $1,770.00, a price-to-earnings ratio of 5.12, a PEG ratio of 0.36 and a beta of 1.26. GameStop has a 12 month low of $15.85 and a 12 month high of $26.68. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.38 and a current ratio of 1.20.

GameStop (NYSE:GME) last released its earnings results on Tuesday, November 21st. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.11. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS.

In other GameStop news, Director Stephanie M. Shern sold 4,000 shares of the 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 sale, the director now directly owns 13,474 shares of the company’s stock, valued at approximately $241,319.34. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.80% of the company’s stock.

Several large investors have recently made changes to their positions in the business. HighTower Advisors LLC increased its position in shares of GameStop by 0.8% in the 2nd quarter. HighTower Advisors LLC now owns 119,031 shares of the company’s stock valued at $2,571,000 after purchasing an additional 936 shares during the last quarter. Carret Asset Management LLC increased its position in shares of GameStop by 12.2% in the 2nd quarter. Carret Asset Management LLC now owns 10,140 shares of the company’s stock valued at $219,000 after purchasing an additional 1,100 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of GameStop by 8.1% in the 2nd quarter. Victory Capital Management Inc. now owns 17,756 shares of the company’s stock valued at $384,000 after buying an additional 1,327 shares during the last quarter. Thrivent Financial For Lutherans grew its position in shares of GameStop by 7.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 20,380 shares of the company’s stock valued at $440,000 after buying an additional 1,430 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in shares of GameStop by 11.2% in the 2nd quarter. Advisory Services Network LLC now owns 14,907 shares of the company’s stock valued at $322,000 after buying an additional 1,503 shares during the last quarter.

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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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