GameStop Corp. (NYSE:GME) – Research analysts at Oppenheimer Holdings decreased their Q4 2017 EPS estimates for shares of GameStop Corp. in a research note issued on Monday. Oppenheimer Holdings analyst B. Nagel now expects that the firm will post earnings per share of $2.27 for the quarter, down from their previous forecast of $2.31. Oppenheimer Holdings also issued estimates for GameStop Corp.’s Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.53 EPS and Q4 2018 earnings at $2.49 EPS.

A number of other research firms have also issued reports on GME. Robert W. Baird lowered their target price on shares of GameStop Corp. from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, August 26th. Piper Jaffray Cos. restated an “outperform” rating and issued a $41.00 price target on shares of GameStop Corp. in a research report on Friday, August 26th. TheStreet upgraded shares of GameStop Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 23rd. Pacific Crest restated a “hold” rating on shares of GameStop Corp. in a research report on Monday, August 22nd. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $30.00 price target on shares of GameStop Corp. in a research report on Monday, August 22nd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $30.90.

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

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GameStop Corp. (NYSE:GME) traded down 0.69% on Tuesday, hitting $24.61. The stock had a trading volume of 1,574,483 shares. The company’s 50-day moving average price is $23.86 and its 200 day moving average price is $27.33. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 6.55 and a beta of 1.16. GameStop Corp. has a one year low of $20.10 and a one year high of $35.17.

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 consensus estimate of $0.47 by $0.02. GameStop Corp. had a return on equity of 18.72% and a net margin of 4.32%. The business earned $1.96 billion during the quarter. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis.

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

In related news, EVP Michael Mauler purchased 10,000 shares of GameStop Corp. stock in a transaction dated Thursday, September 15th. The stock was bought 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 of the company’s stock, valued at $3,254,011.02. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by insiders.

TRADEMARK VIOLATION WARNING: “GameStop Corp. to Post Q4 2017 Earnings of $2.27 Per Share, Oppenheimer Holdings Forecasts (GME)” was posted by Financial Market News and is owned by of Financial Market News. If you are accessing this article on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The correct version of this article can be viewed at http://www.financial-market-news.com/gamestop-corp-to-post-q4-2017-earnings-of-2-27-per-share-oppenheimer-holdings-forecasts-gme/1208835/.

Hedge funds have recently made changes to their positions in the company. Dalton Greiner Hartman Maher & Co. acquired a new stake in shares of GameStop Corp. during the third quarter worth approximately $23,569,000. State of New Jersey Common Pension Fund D raised its stake in shares of GameStop Corp. by 114.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,500,000 shares of the company’s stock worth $39,870,000 after buying an additional 800,000 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of GameStop Corp. by 86.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 84,878 shares of the company’s stock worth $2,256,000 after buying an additional 39,442 shares in the last quarter. Genesee Valley Trust Co. raised its stake in shares of GameStop Corp. by 18.4% in the second quarter. Genesee Valley Trust Co. now owns 34,586 shares of the company’s stock worth $919,000 after buying an additional 5,380 shares in the last quarter. Finally, Retirement Systems of Alabama raised its stake in shares of GameStop Corp. by 157.5% in the second quarter. Retirement Systems of Alabama now owns 134,091 shares of the company’s stock worth $3,564,000 after buying an additional 82,016 shares in 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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