GoPro (NASDAQ:GPRO) Issues FY19 Earnings Guidance

GoPro (NASDAQ:GPRO) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $0.30-0.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.32. GoPro also updated its Q4 guidance to $0.74-0.84 EPS.

Shares of GoPro stock traded up $0.01 during trading on Thursday, reaching $4.45. 6,984,300 shares of the stock were exchanged, compared to its average volume of 4,486,225. The company has a quick ratio of 1.14, a current ratio of 1.63 and a debt-to-equity ratio of 1.06. The stock’s fifty day moving average is $4.18 and its 200 day moving average is $5.11. The firm has a market cap of $687.37 million, a price-to-earnings ratio of -9.67, a price-to-earnings-growth ratio of 7.43 and a beta of 0.86. GoPro has a 1 year low of $3.25 and a 1 year high of $7.64.

A number of analysts have recently weighed in on GPRO shares. Oppenheimer dropped their target price on shares of GoPro from $9.00 to $7.00 and set an outperform rating for the company in a report on Thursday, October 3rd. ValuEngine upgraded shares of GoPro from a sell rating to a hold rating in a report on Wednesday, October 2nd. Morgan Stanley dropped their target price on shares of GoPro from $5.00 to $4.50 and set an underweight rating for the company in a report on Thursday, October 3rd. Wedbush reiterated a hold rating and set a $4.50 target price on shares of GoPro in a report on Thursday, October 31st. Finally, Zacks Investment Research lowered shares of GoPro from a hold rating to a strong sell rating and set a $3.50 target price for the company. in a report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. GoPro has an average rating of Hold and a consensus target price of $5.50.

About GoPro

GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

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