GoPro (NASDAQ:GPRO) Updates Q4 Earnings Guidance

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

Shares of GPRO stock traded up $0.01 during mid-day trading on Thursday, reaching $4.45. The stock had a trading volume of 6,984,300 shares, compared to its average volume of 4,486,225. GoPro has a 12-month low of $3.25 and a 12-month high of $7.64. The company has a market cap of $687.37 million, a P/E ratio of -9.67, a price-to-earnings-growth ratio of 7.43 and a beta of 0.86. The business has a 50-day simple moving average of $4.18 and a 200 day simple moving average of $5.11. The company has a current ratio of 1.63, a quick ratio of 1.14 and a debt-to-equity ratio of 1.06.

GPRO has been the subject of a number of research analyst reports. Wedbush restated a hold rating and issued a $4.50 price target on shares of GoPro in a research report on Thursday, October 31st. ValuEngine upgraded GoPro from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Oppenheimer dropped their price objective on GoPro from $9.00 to $7.00 and set an outperform rating for the company in a research report on Thursday, October 3rd. BidaskClub upgraded GoPro from a sell rating to a hold rating in a research report on Friday, October 25th. Finally, Morgan Stanley dropped their price objective on GoPro from $5.00 to $4.50 and set an underweight rating for the company in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $5.50.

GoPro Company Profile

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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