GameStop (GME) to Release Quarterly Earnings on Tuesday

GameStop (NYSE:GME) will likely be issuing its quarterly earnings data 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 Trading Up 2.0 %

Shares of NYSE GME opened at $23.51 on Tuesday. The stock has a fifty day simple moving average of $26.47 and a two-hundred day simple moving average of $25.61. GameStop has a 1-year low of $9.95 and a 1-year high of $64.83. The firm has a market cap of $10.51 billion, a price-to-earnings ratio of 130.64 and a beta of -0.29.

Insider Buying and Selling at GameStop

In other GameStop news, General Counsel Mark Haymond Robinson sold 1,577 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total transaction of $48,997.39. Following the sale, the general counsel now owns 42,350 shares in the company, valued at $1,315,814.50. This represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Daniel William Moore sold 895 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $27,807.65. Following the sale, the insider now owns 31,385 shares in the company, valued at approximately $975,131.95. This represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. 12.28% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.