GameStop (GME) to Release Earnings on Tuesday

GameStop (NYSE:GME - Get Free Report) will issue its quarterly earnings data after the market closes on Tuesday, September 10th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.

GameStop (NYSE:GME - Get Free Report) last released its quarterly earnings results on Friday, June 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.03). The firm had revenue of $881.80 million during the quarter, compared to analysts' expectations of $995.30 million. GameStop had a return on equity of 1.78% and a net margin of 0.51%. The business's quarterly revenue was down 28.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.14) earnings per share. On average, analysts expect GameStop to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

GameStop Stock Performance

NYSE:GME traded down $0.28 on Tuesday, hitting $23.14. The stock had a trading volume of 11,276,861 shares, compared to its average volume of 22,401,061. GameStop has a 52-week low of $9.95 and a 52-week high of $64.83. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 289.25 and a beta of -0.09. The company has a quick ratio of 1.42, a current ratio of 2.22 and a debt-to-equity ratio of 0.01. The business's 50-day simple moving average is $23.46 and its two-hundred day simple moving average is $19.76.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wedbush lowered their target price on GameStop from $13.50 to $11.00 and set an "underperform" rating on the stock in a research report on Wednesday, June 12th. StockNews.com upgraded shares of GameStop to a "sell" rating in a research report on Monday, August 26th.

Insider Buying and Selling at GameStop

In related news, General Counsel Mark Haymond Robinson sold 2,215 shares of GameStop stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $26.33, for a total transaction of $58,320.95. Following the completion of the transaction, the general counsel now directly owns 48,408 shares of the company's stock, valued at approximately $1,274,582.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Lawrence Cheng purchased 4,140 shares of the business's stock in a transaction dated Monday, July 8th. The shares were purchased at an average cost of $24.85 per share, for a total transaction of $102,879.00. Following the completion of the acquisition, the director now owns 69,228 shares in the company, valued at approximately $1,720,315.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Mark Haymond Robinson sold 2,215 shares of GameStop stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $26.33, for a total transaction of $58,320.95. Following the sale, the general counsel now directly owns 48,408 shares of the company's stock, valued at approximately $1,274,582.64. The disclosure for this sale can be found here. Insiders have sold a total of 3,183 shares of company stock worth $81,001 over the last ninety days. Company insiders own 12.28% of the company's stock.

About GameStop

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.