Analysts predict that GameStop Corp. (NYSE:GME) will post $1.96 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for GameStop’s earnings. The lowest EPS estimate is $1.92 and the highest is $2.03. GameStop reported earnings per share of $2.38 in the same quarter last year, which suggests a negative year-over-year growth rate of 17.6%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, March 28th.
According to Zacks, analysts expect that GameStop will report full-year earnings of $3.28 per share for the current financial year, with EPS estimates ranging from $3.24 to $3.35. For the next fiscal year, analysts anticipate that the company will post earnings of $3.34 per share, with EPS estimates ranging from $3.10 to $3.78. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow GameStop.
A number of equities research analysts have commented on the company. Wedbush set a $23.00 target price on GameStop and gave the company a “buy” rating in a report on Monday, February 12th. Credit Suisse Group set a $20.00 target price on GameStop and gave the company a “hold” rating in a report on Saturday, November 25th. Loop Capital set a $26.00 target price on GameStop and gave the company a “buy” rating in a report on Friday, January 12th. Benchmark reiterated a “sell” rating and set a $15.00 target price (down previously from $18.00) on shares of GameStop in a report on Wednesday, November 22nd. Finally, ValuEngine cut GameStop from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $22.23.
GameStop (NYSE GME) opened at $15.61 on Wednesday. GameStop has a one year low of $15.10 and a one year high of $25.31. The firm has a market capitalization of $1,575.28, a P/E ratio of 4.55, a P/E/G ratio of 0.31 and a beta of 1.26. The company has a quick ratio of 0.38, a current ratio of 1.20 and a debt-to-equity ratio of 0.35.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Monday, March 5th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 9.74%. The ex-dividend date is Friday, March 2nd. GameStop’s dividend payout ratio (DPR) is 44.31%.
TRADEMARK VIOLATION WARNING: This piece was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/03/14/gamestop-corp-gme-expected-to-post-earnings-of-1-96-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GameStop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GameStop and related companies with MarketBeat.com's FREE daily email newsletter.