Equities research analysts predict that Electronic Arts (NASDAQ:EA) will post earnings of $1.15 per share for the current quarter, Zacks reports. Eight analysts have issued estimates for Electronic Arts’ earnings. The lowest EPS estimate is $1.10 and the highest is $1.20. Electronic Arts reported earnings of $0.72 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 59.7%. The business is scheduled to issue its next earnings report after the market closes on Tuesday, May 8th.
According to Zacks, analysts expect that Electronic Arts will report full-year earnings of $4.27 per share for the current financial year, with EPS estimates ranging from $4.21 to $4.32. For the next year, analysts forecast that the firm will post earnings of $4.99 per share, with EPS estimates ranging from $4.75 to $5.27. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Electronic Arts.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.03. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.02 billion. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%.
A number of analysts have recently issued reports on EA shares. Wedbush reiterated a “buy” rating and set a $138.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. Stifel Nicolaus reiterated a “buy” rating and set a $129.00 price objective (up previously from $128.00) on shares of Electronic Arts in a research note on Friday, January 26th. Vetr upgraded shares of Electronic Arts from a “sell” rating to a “buy” rating and set a $142.00 price objective on the stock in a research note on Monday, March 12th. Oppenheimer reiterated a “buy” rating and set a $130.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 17th. Finally, Morgan Stanley lowered shares of Electronic Arts from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $112.00 to $126.00 in a research note on Friday, January 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Electronic Arts has an average rating of “Buy” and a consensus price target of $132.81.
In other Electronic Arts news, EVP Chris Bruzzo sold 1,500 shares of Electronic Arts stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $128.31, for a total value of $192,465.00. Following the completion of the transaction, the executive vice president now owns 36,762 shares of the company’s stock, valued at $4,716,932.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $116.32, for a total transaction of $116,320.00. Following the completion of the transaction, the senior vice president now directly owns 17,950 shares of the company’s stock, valued at approximately $2,087,944. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,079 shares of company stock valued at $9,986,474. 2.55% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in shares of Electronic Arts by 4.4% during the fourth quarter. BlackRock Inc. now owns 21,297,293 shares of the game software company’s stock valued at $2,237,493,000 after acquiring an additional 904,557 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Electronic Arts by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 3,249,844 shares of the game software company’s stock valued at $340,709,000 after acquiring an additional 102,739 shares during the period. American Century Companies Inc. boosted its holdings in shares of Electronic Arts by 6.3% during the fourth quarter. American Century Companies Inc. now owns 2,883,283 shares of the game software company’s stock valued at $302,918,000 after acquiring an additional 171,179 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Electronic Arts by 25,746.6% during the fourth quarter. Brown Advisory Inc. now owns 2,096,933 shares of the game software company’s stock valued at $220,305,000 after acquiring an additional 2,088,820 shares during the period. Finally, Swedbank boosted its holdings in shares of Electronic Arts by 5.2% during the fourth quarter. Swedbank now owns 1,944,460 shares of the game software company’s stock valued at $204,285,000 after acquiring an additional 95,886 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.
EA opened at $122.19 on Friday. The company has a market cap of $36,969.93, a PE ratio of 41.28, a PEG ratio of 1.85 and a beta of 0.80. Electronic Arts has a 52-week low of $88.72 and a 52-week high of $131.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.92 and a current ratio of 1.92.
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Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.
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