Brokers Set Expectations for Electronic Arts’ Q1 2019 Earnings (EA)

Electronic Arts (NASDAQ:EA) – Investment analysts at William Blair decreased their Q1 2019 earnings estimates for Electronic Arts in a report issued on Wednesday, May 9th, according to Zacks Investment Research. William Blair analyst R. Schackart now expects that the game software company will earn ($0.09) per share for the quarter, down from their prior estimate of $0.12. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Electronic Arts’ Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $2.69 EPS, Q4 2019 earnings at $1.49 EPS, FY2019 earnings at $4.32 EPS and FY2020 earnings at $4.97 EPS.

Several other equities research analysts also recently weighed in on EA. Piper Jaffray Companies reissued a “buy” rating and issued a $142.00 price objective on shares of Electronic Arts in a report on Monday, January 22nd. BidaskClub raised Electronic Arts from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Wedbush reissued a “buy” rating and issued a $136.00 price objective on shares of Electronic Arts in a report on Thursday, January 25th. Stifel Nicolaus reissued a “buy” rating and issued a $129.00 price objective (up from $128.00) on shares of Electronic Arts in a report on Friday, January 26th. Finally, Oppenheimer reissued a “buy” rating and issued a $130.00 price objective on shares of Electronic Arts in a report on Tuesday, January 30th. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $139.92.

EA stock opened at $132.91 on Monday. The company has a market capitalization of $40.49 billion, a PE ratio of 38.64, a PEG ratio of 2.06 and a beta of 0.82. Electronic Arts has a twelve month low of $99.63 and a twelve month high of $134.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.41 and a quick ratio of 1.92.

A number of institutional investors and hedge funds have recently bought and sold shares of EA. MML Investors Services LLC lifted its stake in shares of Electronic Arts by 3.7% in the 4th quarter. MML Investors Services LLC now owns 11,576 shares of the game software company’s stock valued at $1,216,000 after purchasing an additional 415 shares in the last quarter. Bedell Frazier Investment Counseling LLC lifted its stake in shares of Electronic Arts by 0.9% in the 1st quarter. Bedell Frazier Investment Counseling LLC now owns 44,270 shares of the game software company’s stock valued at $5,367,000 after purchasing an additional 415 shares in the last quarter. Dowling & Yahnke LLC lifted its stake in shares of Electronic Arts by 11.6% in the 4th quarter. Dowling & Yahnke LLC now owns 4,098 shares of the game software company’s stock valued at $431,000 after purchasing an additional 426 shares in the last quarter. NS Partners Ltd lifted its stake in shares of Electronic Arts by 1.0% in the 1st quarter. NS Partners Ltd now owns 45,250 shares of the game software company’s stock valued at $5,486,000 after purchasing an additional 430 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA lifted its stake in shares of Electronic Arts by 7.1% in the 1st quarter. San Francisco Sentry Investment Group CA now owns 6,571 shares of the game software company’s stock valued at $797,000 after purchasing an additional 435 shares in the last quarter. Institutional investors own 93.59% of the company’s stock.

In related news, insider Patrick Soderlund sold 66,427 shares of Electronic Arts stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $130.80, for a total transaction of $8,688,651.60. Following the completion of the sale, the insider now owns 151,198 shares in the company, valued at approximately $19,776,698.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jay C. Hoag sold 1,133 shares of Electronic Arts stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $124.01, for a total value of $140,503.33. The disclosure for this sale can be found here. In the last 90 days, insiders sold 161,337 shares of company stock valued at $20,435,645. Company insiders own 2.55% of the company’s stock.

About Electronic Arts

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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Earnings History and Estimates for Electronic Arts (NASDAQ:EA)

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