GameStop (NYSE:GME) posted its quarterly earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03), Bloomberg Earnings reports. GameStop had a net margin of 0.04% and a return on equity of 13.92%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the firm posted $0.15 EPS. GameStop’s revenue was down 2.4% on a year-over-year basis. GameStop updated its FY19 guidance to $3.00-3.35 EPS.
Shares of GME opened at $16.14 on Friday. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 5.26 and a beta of 1.30. GameStop has a 12 month low of $12.20 and a 12 month high of $20.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.45 and a current ratio of 1.52.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Tuesday, September 18th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 9.42%. GameStop’s dividend payout ratio (DPR) is presently 45.51%.
A number of equities research analysts have issued reports on the company. Wedbush set a $19.00 price target on GameStop and gave the company a “buy” rating in a research report on Friday, August 31st. Zacks Investment Research raised GameStop from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Benchmark lowered their price target on GameStop from $12.00 to $10.00 and set a “sell” rating for the company in a research report on Friday, June 1st. Credit Suisse Group set a $15.00 price target on GameStop and gave the company a “hold” rating in a research report on Tuesday, May 22nd. Finally, Robert W. Baird lowered their price target on GameStop from $18.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, June 1st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $16.23.
GameStop Company Profile
GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. It operates in five segments: United States, Canada, Australia, Europe, and Technology Brands. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software.
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