GameStop (GME) Projected to Post Quarterly Earnings on Tuesday

GameStop (NYSE:GME) is expected to be announcing its earnings results before the market opens on Tuesday, March 25th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $1.48 billion for the quarter.

GameStop Stock Performance

Shares of GME opened at $24.81 on Friday. The stock has a market capitalization of $11.08 billion, a P/E ratio of 137.81 and a beta of -0.29. The company’s fifty day moving average is $25.75 and its two-hundred day moving average is $25.61. GameStop has a 1 year low of $9.95 and a 1 year high of $64.83.

Analyst Ratings Changes

Separately, Wedbush reiterated an “underperform” rating and issued a $10.00 price objective on shares of GameStop in a research report on Friday, December 6th.

Insider Transactions at GameStop

In other GameStop news, insider Daniel William Moore sold 895 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total value of $27,807.65. Following the completion of the sale, the insider now owns 31,385 shares of the company’s stock, valued at $975,131.95. This trade represents a 2.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Mark Haymond Robinson sold 1,577 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total transaction of $48,997.39. Following the completion of the sale, the general counsel now directly owns 42,350 shares of the company’s stock, valued at $1,315,814.50. This trade represents a 3.59 % decrease in their position. The disclosure for this sale can be found here. 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.