GameStop (GME) Scheduled to Post Earnings on Tuesday

GameStop (NYSE:GMEGet Free Report) will release its earnings data after the market closes on Tuesday, March 26th. Analysts expect GameStop to post earnings of $0.25 per share for the quarter.

GameStop Stock Down 4.1 %

GameStop stock opened at $13.10 on Friday. GameStop has a 1-year low of $11.82 and a 1-year high of $27.65. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of -436.52 and a beta of -0.42. The firm’s fifty day moving average price is $14.28 and its two-hundred day moving average price is $14.99. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.02.

Analyst Ratings Changes

A number of research firms have weighed in on GME. Wedbush reaffirmed an “underperform” rating and issued a $6.00 price objective on shares of GameStop in a research note on Thursday, November 30th. StockNews.com cut shares of GameStop from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th.

Get Our Latest Research Report on GameStop

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GME. Price T Rowe Associates Inc. MD boosted its stake in GameStop by 9.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 174,571 shares of the company’s stock valued at $3,061,000 after acquiring an additional 14,404 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in GameStop by 3.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 116,462 shares of the company’s stock valued at $2,042,000 after acquiring an additional 3,891 shares during the last quarter. Vanguard Group Inc. boosted its stake in GameStop by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 25,450,256 shares of the company’s stock valued at $446,143,000 after acquiring an additional 167,145 shares during the last quarter. Voya Investment Management LLC boosted its stake in GameStop by 4.5% in the fourth quarter. Voya Investment Management LLC now owns 57,845 shares of the company’s stock valued at $1,014,000 after acquiring an additional 2,480 shares during the last quarter. Finally, Vident Advisory LLC purchased a new position in GameStop in the fourth quarter valued at about $201,000. 39.46% of the stock is currently owned by hedge funds and other institutional investors.

About GameStop

(Get Free Report)

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.

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Earnings History for GameStop (NYSE:GME)

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