Equities research analysts expect GoPro (NASDAQ:GPRO) to report ($0.40) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for GoPro’s earnings. The highest EPS estimate is ($0.24) and the lowest is ($0.51). GoPro posted earnings of ($0.44) per share during the same quarter last year, which would indicate a positive year over year growth rate of 9.1%. The firm is scheduled to issue its next earnings results after the market closes on Thursday, May 3rd.
On average, analysts expect that GoPro will report full year earnings of ($0.42) per share for the current year, with EPS estimates ranging from ($0.62) to ($0.25). For the next financial year, analysts anticipate that the business will report earnings of ($0.04) per share, with EPS estimates ranging from ($0.27) to $0.08. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for GoPro.
GoPro (NASDAQ:GPRO) last issued its earnings results on Thursday, February 1st. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.75). GoPro had a negative return on equity of 40.56% and a negative net margin of 15.50%. The company had revenue of $334.80 million during the quarter, compared to analyst estimates of $340.19 million. During the same period in the previous year, the company posted $0.29 earnings per share. The company’s quarterly revenue was down 38.1% on a year-over-year basis.
In other GoPro news, SVP Sharon S. Zezima sold 14,966 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $5.60, for a total value of $83,809.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian Mcgee sold 11,124 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $5.65, for a total value of $62,850.60. Following the completion of the transaction, the chief financial officer now owns 71,958 shares in the company, valued at $406,562.70. The disclosure for this sale can be found here. Company insiders own 28.58% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. North Star Investment Management Corp. boosted its position in GoPro by 226.6% in the 4th quarter. North Star Investment Management Corp. now owns 16,575 shares of the company’s stock valued at $125,000 after buying an additional 11,500 shares during the last quarter. Principal Financial Group Inc. bought a new position in GoPro in the 3rd quarter valued at $139,000. Ladenburg Thalmann Financial Services Inc. boosted its position in GoPro by 235.8% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 30,621 shares of the company’s stock valued at $233,000 after buying an additional 21,501 shares during the last quarter. Boothbay Fund Management LLC bought a new position in GoPro in the 3rd quarter valued at $266,000. Finally, MUFG Securities EMEA plc boosted its position in shares of GoPro by 958.1% in the 4th quarter. MUFG Securities EMEA plc now owns 35,287 shares of the company’s stock worth $267,000 after purchasing an additional 31,952 shares during the last quarter. Hedge funds and other institutional investors own 26.00% of the company’s stock.
Shares of GPRO traded up $0.02 during mid-day trading on Wednesday, reaching $5.06. The company had a trading volume of 4,543,032 shares, compared to its average volume of 4,696,375. GoPro has a twelve month low of $4.42 and a twelve month high of $11.89. The company has a current ratio of 1.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.44. The stock has a market cap of $815.71, a PE ratio of -4.77 and a beta of 0.20.
GoPro Company Profile
GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.
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