Electronic Arts Inc. (NASDAQ:EA) – Investment analysts at Jefferies Financial Group issued their Q2 2020 earnings per share (EPS) estimates for Electronic Arts in a research note issued on Thursday, July 11th. Jefferies Financial Group analyst A. Giaimo forecasts that the game software company will post earnings per share of $0.62 for the quarter. Jefferies Financial Group has a “Hold” rating and a $100.00 price target on the stock. Jefferies Financial Group also issued estimates for Electronic Arts’ Q3 2020 earnings at $1.93 EPS and Q4 2020 earnings at $1.23 EPS.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, May 7th. The game software company reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.43. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.20 billion. Electronic Arts had a net margin of 20.59% and a return on equity of 22.62%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.31 EPS.
A number of other research analysts have also weighed in on the stock. Nomura lowered shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Thursday, June 6th. BMO Capital Markets set a $75.00 price objective on shares of Westlake Chemical and gave the stock a “hold” rating in a research report on Tuesday, July 2nd. Robert W. Baird set a $182.00 price objective on shares of Visa and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. William Blair reiterated a “market perform” rating on shares of Luminex in a research note on Tuesday, May 7th. Finally, Credit Suisse Group set a €92.00 ($106.98) target price on shares of Bayerische Motoren Werke and gave the stock a “buy” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty have issued a buy rating to the company. Electronic Arts currently has a consensus rating of “Buy” and an average target price of $113.11.
Shares of NASDAQ EA opened at $92.82 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.82 and a current ratio of 2.82. Electronic Arts has a 52-week low of $73.91 and a 52-week high of $151.26. The company has a 50 day simple moving average of $94.89. The firm has a market cap of $27.54 billion, a PE ratio of 23.62, a P/E/G ratio of 1.49 and a beta of 1.04.
Several hedge funds have recently made changes to their positions in the company. Wetherby Asset Management Inc. increased its position in shares of Electronic Arts by 2.4% during the first quarter. Wetherby Asset Management Inc. now owns 4,521 shares of the game software company’s stock worth $459,000 after purchasing an additional 107 shares in the last quarter. Resources Investment Advisors Inc. increased its position in shares of Electronic Arts by 9.8% during the first quarter. Resources Investment Advisors Inc. now owns 1,293 shares of the game software company’s stock worth $131,000 after purchasing an additional 115 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of Electronic Arts by 4.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,715 shares of the game software company’s stock worth $214,000 after purchasing an additional 124 shares in the last quarter. Signaturefd LLC increased its position in shares of Electronic Arts by 5.4% during the first quarter. Signaturefd LLC now owns 2,578 shares of the game software company’s stock worth $262,000 after purchasing an additional 132 shares in the last quarter. Finally, Berman Capital Advisors LLC increased its position in shares of Electronic Arts by 70.6% during the first quarter. Berman Capital Advisors LLC now owns 343 shares of the game software company’s stock worth $34,000 after purchasing an additional 142 shares in the last quarter. 93.64% of the stock is owned by institutional investors and hedge funds.
In other Electronic Arts news, CFO Blake J. Jorgensen sold 5,200 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $91.79, for a total value of $477,308.00. Following the completion of the transaction, the chief financial officer now directly owns 111,379 shares of the company’s stock, valued at $10,223,478.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $95.69, for a total value of $861,210.00. The disclosure for this sale can be found here. Insiders sold 102,544 shares of company stock valued at $10,006,838 over the last three months. 2.18% of the stock is currently owned by corporate insiders.
Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.
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