GameStop Corp. (NYSE:GME) – Equities research analysts at Wedbush increased their FY2017 EPS estimates for GameStop Corp. in a report released on Wednesday. Wedbush analyst M. Pachter now expects that the firm will post earnings of $3.76 per share for the year, up from their prior forecast of $3.75. Wedbush has a “Buy” rating and a $30.00 price objective on the stock. Wedbush also issued estimates for GameStop Corp.’s Q2 2018 earnings at $0.33 EPS, Q4 2018 earnings at $2.50 EPS and FY2018 earnings at $3.96 EPS.

Several other equities research analysts also recently issued reports on GME. Pacific Crest restated a “hold” rating on shares of GameStop Corp. in a research report on Sunday, August 28th. Robert W. Baird reiterated an “outperform” rating and issued a $25.00 price target (down from $40.00) on shares of GameStop Corp. in a research report on Friday, November 4th. Benchmark Co. dropped their price target on shares of GameStop Corp. from $24.99 to $20.67 and set a “sell” rating for the company in a research report on Wednesday, November 2nd. Telsey Advisory Group dropped their price target on shares of GameStop Corp. from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Finally, TheStreet upgraded shares of GameStop Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. GameStop Corp. currently has an average rating of “Hold” and a consensus price target of $30.90.

Earnings History and Estimates for GameStop Corp. (NYSE:GME)

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GameStop Corp. (NYSE:GME) opened at 24.75 on Monday. GameStop Corp. has a 12-month low of $20.10 and a 12-month high of $35.17. The firm has a market cap of $2.57 billion, a P/E ratio of 6.58 and a beta of 1.16. The firm’s 50-day moving average price is $23.86 and its 200 day moving average price is $27.33.

GameStop Corp. (NYSE:GME) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. The business had revenue of $1.96 billion for the quarter. GameStop Corp. had a return on equity of 18.72% and a net margin of 4.32%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 13th. Investors of record on Thursday, December 1st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.48 annualized dividend and a dividend yield of 5.88%. GameStop Corp.’s dividend payout ratio is 39.47%.

In other news, EVP Michael Mauler bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The shares were acquired at an average price of $26.91 per share, for a total transaction of $269,100.00. Following the completion of the acquisition, the executive vice president now directly owns 120,922 shares in the company, valued at $3,254,011.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently owned by corporate insiders.

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Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in GameStop Corp. by 0.4% in the second quarter. FMR LLC now owns 15,591,175 shares of the company’s stock valued at $414,413,000 after buying an additional 61,629 shares during the last quarter. American International Group Inc. raised its position in GameStop Corp. by 3.2% in the second quarter. American International Group Inc. now owns 7,941,026 shares of the company’s stock valued at $211,072,000 after buying an additional 248,779 shares during the last quarter. Bank of New York Mellon Corp raised its position in GameStop Corp. by 9.2% in the second quarter. Bank of New York Mellon Corp now owns 4,151,805 shares of the company’s stock valued at $110,355,000 after buying an additional 350,142 shares during the last quarter. Dimensional Fund Advisors LP raised its position in GameStop Corp. by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,911,387 shares of the company’s stock valued at $103,963,000 after buying an additional 469,556 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in GameStop Corp. by 4.0% in the third quarter. BlackRock Fund Advisors now owns 3,770,573 shares of the company’s stock valued at $104,030,000 after buying an additional 144,746 shares during the last quarter.

About GameStop Corp.

GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.

5 Day Chart for NYSE:GME

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