GoPro (NASDAQ:GPRO) released its quarterly earnings data on Thursday. The company reported ($0.42) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.06, Briefing.com reports. GoPro had a negative net margin of 2.59% and a negative return on equity of 2.69%. The firm had revenue of $131.00 million for the quarter, compared to the consensus estimate of $126.36 million. During the same period in the previous year, the company earned ($0.04) earnings per share. The company’s quarterly revenue was down 54.2% on a year-over-year basis. GoPro updated its Q4 guidance to $0.74-0.84 EPS and its FY19 guidance to $0.30-0.40 EPS.
Shares of GPRO stock traded up $0.27 on Friday, hitting $4.71. The company’s stock had a trading volume of 14,819,400 shares, compared to its average volume of 4,533,961. The company has a market capitalization of $687.37 million, a PE ratio of -10.24, a PEG ratio of 7.43 and a beta of 0.86. GoPro has a fifty-two week low of $3.25 and a fifty-two week high of $7.64. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.14 and a current ratio of 1.63. The stock’s 50 day moving average is $4.18 and its 200-day moving average is $5.11.
Several equities analysts have commented on the stock. Wedbush reiterated a “hold” rating and issued a $4.50 price objective on shares of GoPro in a report on Thursday, October 31st. Zacks Investment Research downgraded shares of GoPro from a “hold” rating to a “strong sell” rating and set a $3.50 price target on the stock. in a research note on Friday, October 4th. BidaskClub upgraded shares of GoPro from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. ValuEngine upgraded shares of GoPro from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Oppenheimer decreased their price target on shares of GoPro from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $5.50.
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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