Trading Report: Today, GameStop Corp. (GME) Forecasted to Post Q1 2018 Earnings of $0.67 Per Share

Today, GameStop Corp. (GME) Forecasted to Post Q1 2018 Earnings of $0.67 Per Share

GameStop Corp. (NYSE:GME) – Stock analysts at Wedbush lowered their Q1 2018 EPS estimates for shares of GameStop Corp. in a report issued on Wednesday. Wedbush analyst M. Pachter now anticipates that the firm will post earnings per share of $0.67 for the quarter, down from their previous estimate of $0.68. Wedbush has a “Buy” rating and a $30.00 price objective on the stock.

GME has been the topic of several other research reports. SunTrust Banks Inc. reissued a “buy” rating on shares of GameStop Corp. in a research report on Wednesday, October 12th. Bank of America Corp. set a $37.00 price objective on GameStop Corp. and gave the stock a “buy” rating in a research report on Friday, October 7th. Robert W. Baird reissued an “outperform” rating and issued a $40.00 price objective on shares of GameStop Corp. in a research report on Monday, September 26th. Hilliard Lyons raised GameStop Corp. from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Friday, September 9th. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $30.00 price objective on shares of GameStop Corp. in a research report on Monday, August 22nd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $30.90.

GameStop Corp. (NYSE:GME) traded down 0.92% during mid-day trading on Thursday, hitting $25.82. The stock had a trading volume of 2,313,321 shares. The stock has a market capitalization of $2.68 billion, a P/E ratio of 6.81 and a beta of 1.16. GameStop Corp. has a 52 week low of $20.10 and a 52 week high of $35.83. The company’s 50 day moving average is $23.91 and its 200-day moving average is $27.40.

GameStop Corp. (NYSE:GME) last released its earnings results on Tuesday, November 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $1.96 billion for the quarter. GameStop Corp. had a return on equity of 18.72% and a net margin of 4.32%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share.

Several institutional investors have recently made changes to their positions in GME. Adage Capital Partners GP L.L.C. boosted its position in shares of GameStop Corp. by 0.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 160,700 shares of the company’s stock worth $5,099,000 after buying an additional 500 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of GameStop Corp. by 22.0% in the first quarter. Panagora Asset Management Inc. now owns 269,638 shares of the company’s stock worth $8,556,000 after buying an additional 48,582 shares in the last quarter. Babson Capital Management LLC boosted its position in shares of GameStop Corp. by 0.9% in the first quarter. Babson Capital Management LLC now owns 67,012 shares of the company’s stock worth $2,126,000 after buying an additional 600 shares in the last quarter. Seven Eight Capital LLC boosted its position in shares of GameStop Corp. by 95.3% in the first quarter. Seven Eight Capital LLC now owns 5,401 shares of the company’s stock worth $171,000 after buying an additional 2,635 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of GameStop Corp. by 37.3% in the first quarter. Royal Bank of Canada now owns 587,742 shares of the company’s stock worth $18,650,000 after buying an additional 159,690 shares in the last quarter.

In other news, EVP Michael Mauler acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were bought at an average cost of $26.91 per share, with a total value of $269,100.00. Following the acquisition, the executive vice president now owns 120,922 shares in the company, valued at approximately $3,254,011.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.70% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 13th. Investors of record on Thursday, December 1st will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, November 29th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.73%. GameStop Corp.’s dividend payout ratio is 39.47%.

About GameStop Corp.

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