GameStop Corp. (NYSE:GME) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.97-2.14 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.16, ARN reports.
GameStop Corp. (NYSE:GME) opened at 52.44 on Thursday. 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 $53.74 and its 200-day moving average is $46.42. The company’s market cap is $6.130 billion. GameStop Corp. also was the recipient of unusually large options trading on Monday. Traders bought 13,595 put options on the company. This represents an increase of approximately 476% compared to the typical volume of 2,361 put options.
GameStop Corp. (NYSE:GME) last announced its earnings results on Thursday, November 21st. The company reported $0.58 earnings per share for the quarter, beating the analysts’ 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 in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 18.8% on a year-over-year basis. Analysts expect that GameStop Corp. will post $3.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, December 19th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.28 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.10%.
A number of analysts have recently weighed in on GME shares. Analysts at Wedbush reiterated a positive rating on shares of GameStop Corp. in a research note to investors on Monday. On a related note, analysts at BMO Capital Markets raised their price target on shares of GameStop Corp. from $46.00 to $60.00 in a research note to investors on Thursday, November 14th. They now have an outperform rating on the stock. Finally, analysts at Bank of America Corp. raised their price target on shares of GameStop Corp. to $64.00 in a research note to investors on Thursday, October 31st. They now have a buy rating on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $55.02.
GameStop Corp. (NYSE:GME) is a holding company.
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