GameStop Corp. (NYSE:GME) declared a quarterly dividend on Thursday, November 21st, Analyst Ratings Net reports. Shareholders of record on Wednesday, December 4th will be given a dividend of 0.275 per share on Thursday, December 19th. This represents a $1.10 dividend on an annualized basis and a yield of 2.25%.
A number of research firms have recently commented on GME. Analysts at Needham & Company upgraded shares of GameStop Corp. from a “hold” rating to a “buy” rating in a research note to investors on Friday. They now have a $60.00 price target on the stock. On a related note, analysts at S&P Equity Research upgraded shares of GameStop Corp. to a “strong-buy” rating in a research note to investors on Thursday. Finally, analysts at Wedbush reiterated a “positive” rating on shares of GameStop Corp. in a research note to investors on Monday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. GameStop Corp. presently has an average rating of “Buy” and an average target price of $56.52.
GameStop Corp. (NYSE:GME) opened at 48.995 on Friday. GameStop Corp. has a 52-week low of $22.30 and a 52-week high of $57.74. The stock’s 50-day moving average is $53.70 and its 200-day moving average is $46.43. The company’s market cap is $5.727 billion. GameStop Corp. also was the target of some unusual options trading on Thursday. Investors purchased 37,626 call options on the company. This represents an increase of 500% compared to the average volume of 6,276 call options.
GameStop Corp. (NYSE:GME) last posted its quarterly earnings results on Thursday, November 21st. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.02. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the company posted $0.38 earnings per share. GameStop Corp.’s revenue was up 18.8% compared to the same quarter last year. On average, analysts predict that GameStop Corp. will post $3.23 earnings per share for the current fiscal year.
GameStop Corp. (NYSE:GME) is a holding company.
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