GameStop (NYSE:GME) released its earnings results on Tuesday. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.10), RTT News reports. GameStop had a positive return on equity of 14.55% and a negative net margin of 8.32%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the firm earned $0.05 EPS. GameStop updated its FY 2019 guidance to $1.15-1.30 EPS.
NYSE:GME opened at $4.59 on Thursday. GameStop has a 1 year low of $3.15 and a 1 year high of $17.04. The company has a current ratio of 1.48, a quick ratio of 0.59 and a debt-to-equity ratio of 0.79. The stock has a market cap of $486.80 million, a price-to-earnings ratio of 2.14 and a beta of 0.36. The stock has a 50-day moving average price of $3.85 and a two-hundred day moving average price of $7.06.
A number of brokerages recently commented on GME. ValuEngine raised GameStop from a “sell” rating to a “hold” rating in a research note on Tuesday. Ascendiant Capital Markets cut GameStop from a “buy” rating to a “hold” rating and set a $4.00 price objective for the company. in a research note on Wednesday, June 5th. Loop Capital decreased their price objective on GameStop to $4.00 and set a “hold” rating for the company in a research note on Tuesday, September 3rd. Benchmark reaffirmed a “sell” rating and set a $3.00 price objective (down from $5.00) on shares of GameStop in a research note on Wednesday. They noted that the move was a valuation call. Finally, Wedbush decreased their price objective on GameStop from $9.00 to $8.00 and set an “outperform” rating for the company in a research note on Wednesday. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $8.35.
GameStop Company Profile
GameStop Corp. operates as a multichannel video game and consumer electronics retailer in the United States, Canada, Australia, and Europe. 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 for use with video game hardware and software; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software, as well as collectible products.
Read More: What does a hold rating mean?
Receive News & Ratings for GameStop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GameStop and related companies with MarketBeat.com's FREE daily email newsletter.