GameStop (NYSE:GME) released its earnings results on Wednesday. The company reported ($0.45) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.56) by $0.11, MarketWatch Earnings reports. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.16 billion. GameStop had a negative net margin of 4.23% and a negative return on equity of 35.57%. The company’s revenue was up 25.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.61) EPS.
Shares of NYSE GME opened at $302.56 on Thursday. The company’s 50-day moving average is $187.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.71 and a current ratio of 1.16. The stock has a market cap of $21.41 billion, a P/E ratio of -89.51 and a beta of -2.07. GameStop has a 52-week low of $3.77 and a 52-week high of $483.00.
A number of analysts have recently weighed in on GME shares. Zacks Investment Research downgraded shares of GameStop from a “buy” rating to a “hold” rating and set a $203.00 target price on the stock. in a research report on Friday, March 26th. Credit Suisse Group reissued a “sell” rating on shares of GameStop in a research report on Thursday, April 1st. Telsey Advisory Group cut their price objective on shares of GameStop from $33.00 to $30.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 24th. Ascendiant Capital Markets reissued a “sell” rating on shares of GameStop in a research report on Monday, April 19th. Finally, Wedbush reissued an “underperform” rating and set a $29.00 price objective on shares of GameStop in a research report on Tuesday, March 30th. Five analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. GameStop presently has a consensus rating of “Sell” and a consensus target price of $41.86.
GameStop Corp., a specialty retailer, provides games and entertainment products through its e-commerce properties and various stores in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game platforms; accessories, such as controllers, gaming headsets, virtual reality products, and memory cards; new and pre-owned video game software; and in-game digital currency, digital downloadable content, and full-game downloads, as well as network points cards, and prepaid digital and subscription cards.
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