Equities research analysts forecast that GameStop Corp. (NYSE:GME) will post $0.55 earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for GameStop’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.50. GameStop reported earnings per share of $0.54 in the same quarter last year, which would suggest a positive year over year growth rate of 1.9%. The firm is scheduled to issue its next earnings report on Tuesday, November 20th.

On average, analysts expect that GameStop will report full year earnings of $3.05 per share for the current fiscal year, with EPS estimates ranging from $3.01 to $3.08. For the next year, analysts forecast that the firm will report earnings of $2.67 per share, with EPS estimates ranging from $2.09 to $2.99. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow GameStop.

GameStop (NYSE:GME) last issued its quarterly earnings data on Thursday, September 6th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). GameStop had a positive return on equity of 13.78% and a negative net margin of 0.48%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the business earned $0.15 earnings per share. The business’s quarterly revenue was down 2.4% on a year-over-year basis.

Several analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of GameStop in a report on Monday, July 9th. They issued a “buy” rating and a $18.00 price objective for the company. Bank of America set a $10.00 price objective on shares of GameStop and gave the stock a “sell” rating in a report on Wednesday. Loop Capital restated a “hold” rating and issued a $16.00 price objective on shares of GameStop in a report on Monday, September 10th. Credit Suisse Group set a $15.00 price objective on shares of GameStop and gave the stock a “hold” rating in a report on Friday, September 7th. Finally, Zacks Investment Research upgraded shares of GameStop from a “sell” rating to a “hold” rating in a report on Monday, September 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $16.33.

Hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of GameStop by 1.8% during the first quarter. Principal Financial Group Inc. now owns 443,813 shares of the company’s stock valued at $5,601,000 after purchasing an additional 7,986 shares during the last quarter. Comerica Bank raised its holdings in GameStop by 35.1% in the 2nd quarter. Comerica Bank now owns 111,504 shares of the company’s stock worth $1,626,000 after acquiring an additional 28,957 shares during the last quarter. Royal Bank of Canada raised its holdings in GameStop by 151.5% in the 1st quarter. Royal Bank of Canada now owns 267,505 shares of the company’s stock worth $3,375,000 after acquiring an additional 161,145 shares during the last quarter. Eqis Capital Management Inc. raised its holdings in GameStop by 20.0% in the 2nd quarter. Eqis Capital Management Inc. now owns 35,097 shares of the company’s stock worth $511,000 after acquiring an additional 5,844 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its holdings in GameStop by 27.8% in the 2nd quarter. OppenheimerFunds Inc. now owns 1,325,627 shares of the company’s stock worth $19,314,000 after acquiring an additional 288,549 shares during the last quarter.

GME traded down $0.14 on Friday, hitting $14.68. The company had a trading volume of 2,323,675 shares, compared to its average volume of 4,315,651. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.45 and a quick ratio of 0.48. GameStop has a 52-week low of $12.20 and a 52-week high of $20.55. The firm has a market capitalization of $1.56 billion, a PE ratio of 4.40 and a beta of 1.28.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 2nd. Stockholders of record on Tuesday, September 18th were issued a dividend of $0.38 per share. The ex-dividend date was Monday, September 17th. This represents a $1.52 annualized dividend and a dividend yield of 10.35%. GameStop’s payout ratio is 45.51%.

About GameStop

GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. It operates in five segments: United States, Canada, Australia, Europe, and Technology Brands. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software.

Recommended Story: Conference Calls and Individual Investors

Get a free copy of the Zacks research report on GameStop (GME)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for GameStop (NYSE:GME)

Receive News & Ratings for GameStop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GameStop and related companies with MarketBeat.com's FREE daily email newsletter.