GameStop (NYSE:GME) announced its quarterly earnings results on Thursday. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.01, Bloomberg Earnings reports. GameStop had a net margin of 0.38% and a return on equity of 14.87%. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the company earned $0.63 EPS. The company’s revenue was down 5.5% compared to the same quarter last year. GameStop updated its FY19 guidance to $3.00-$3.35 EPS.
NYSE:GME traded down $0.22 during midday trading on Thursday, reaching $13.20. 6,456,255 shares of the stock traded hands, compared to its average volume of 4,337,687. GameStop has a 12-month low of $12.20 and a 12-month high of $22.96. The company has a quick ratio of 0.61, a current ratio of 1.33 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 3.95, a PEG ratio of 0.29 and a beta of 1.25.
GME has been the subject of several research reports. ValuEngine cut shares of GameStop from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Wedbush set a $23.00 price target on shares of GameStop and gave the stock a “buy” rating in a research report on Monday, February 12th. Zacks Investment Research cut shares of GameStop from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th. Loop Capital set a $26.00 target price on shares of GameStop and gave the company a “buy” rating in a research report on Wednesday, March 21st. Finally, Bank of America cut shares of GameStop from a “neutral” rating to an “underperform” rating and set a $11.00 target price for the company. in a research report on Thursday, March 29th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. GameStop has an average rating of “Hold” and a consensus price target of $16.96.
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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