GoPro Inc (GPRO) Expected to Post Quarterly Sales of $234.52 Million

Equities research analysts expect GoPro Inc (NASDAQ:GPRO) to announce sales of $234.52 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for GoPro’s earnings. The highest sales estimate is $244.32 million and the lowest is $225.50 million. GoPro posted sales of $202.35 million in the same quarter last year, which suggests a positive year-over-year growth rate of 15.9%. The firm is scheduled to announce its next earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that GoPro will report full year sales of $1.20 billion for the current fiscal year, with estimates ranging from $1.13 billion to $1.24 billion. For the next financial year, analysts forecast that the firm will post sales of $1.21 billion, with estimates ranging from $1.13 billion to $1.26 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for GoPro.

GoPro (NASDAQ:GPRO) last announced its earnings results on Wednesday, February 6th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. GoPro had a negative net margin of 9.49% and a negative return on equity of 34.77%. The firm had revenue of $377.38 million for the quarter, compared to analyst estimates of $374.28 million. During the same quarter in the previous year, the firm posted ($0.30) EPS. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year.

Several analysts have weighed in on the company. ValuEngine raised GoPro from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Zacks Investment Research lowered GoPro from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Wedbush restated a “neutral” rating and issued a $6.00 target price on shares of GoPro in a research note on Thursday, January 31st. Finally, BidaskClub upgraded GoPro from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.53.

GPRO stock traded up $0.01 during trading on Monday, reaching $6.68. The company had a trading volume of 2,151,512 shares, compared to its average volume of 2,697,921. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.58 and a quick ratio of 1.19. GoPro has a 52 week low of $4.00 and a 52 week high of $7.60. The company has a market cap of $1.00 billion, a P/E ratio of -14.52, a PEG ratio of 10.26 and a beta of 0.74.

In related news, CEO Nicholas Woodman sold 1,400,000 shares of the company’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $6.52, for a total value of $9,128,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian Mcgee sold 19,526 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $6.04, for a total value of $117,937.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,819,526 shares of company stock valued at $17,561,937. 26.61% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in GPRO. Oppenheimer & Co. Inc. bought a new position in shares of GoPro during the fourth quarter valued at $44,000. Blueshift Asset Management LLC purchased a new stake in GoPro during the 4th quarter valued at about $47,000. Versant Capital Management Inc grew its position in GoPro by 36.6% during the 4th quarter. Versant Capital Management Inc now owns 16,398 shares of the company’s stock valued at $69,000 after purchasing an additional 4,395 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in GoPro by 55.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 16,382 shares of the company’s stock valued at $69,000 after purchasing an additional 5,829 shares in the last quarter. Finally, Amalgamated Bank bought a new stake in GoPro during the 4th quarter valued at about $72,000. Institutional investors and hedge funds own 41.05% of the company’s stock.

GoPro Company Profile

GoPro, Inc develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. The company offers HERO7, a cloud-connected line of camera; 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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