GoPro (NASDAQ:GPRO) Releases Q4 Earnings Guidance
GoPro (NASDAQ:GPRO) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.74-0.84 for the period, compared to the Thomson Reuters consensus estimate of $0.84. GoPro also updated its FY19 guidance to $0.30-0.40 EPS.
A number of equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of GoPro from a sell rating to a hold rating in a report on Friday, October 25th. Oppenheimer reduced their price target on shares of GoPro from $9.00 to $7.00 and set an outperform rating on the stock in a research report on Thursday, October 3rd. Zacks Investment Research cut shares of GoPro from a hold rating to a strong sell rating and set a $3.50 price target on the stock. in a research report on Friday, October 4th. Morgan Stanley reduced their price target on shares of GoPro from $5.00 to $4.50 and set an underweight rating on the stock in a research report on Thursday, October 3rd. Finally, Wedbush reaffirmed a hold rating and set a $4.50 price target on shares of GoPro in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $5.50.
GPRO stock traded up $0.27 during midday trading on Friday, reaching $4.71. 14,819,400 shares of the company’s stock traded hands, compared to its average volume of 4,533,961. The company has a market capitalization of $687.37 million, a P/E ratio of -10.24, a PEG ratio of 7.43 and a beta of 0.86. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.63 and a quick ratio of 1.14. GoPro has a fifty-two week low of $3.25 and a fifty-two week high of $7.64. The business has a 50-day moving average price of $4.18 and a two-hundred day moving average price of $5.11.
GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.
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