Electronic Arts (NASDAQ:EA) Issues Q1 Earnings Guidance

Electronic Arts (NASDAQ:EA) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.73-0.90 for the period, compared to the consensus EPS estimate of $0.81. The company issued revenue guidance of $1.15-1.25 billion, compared to the consensus revenue estimate of $1.43 billion. Electronic Arts also updated its FY25 guidance to $3.34-4.00 EPS.

Electronic Arts Trading Up 1.5 %

NASDAQ EA traded up $1.88 during trading on Thursday, reaching $127.12. 3,186,299 shares of the stock traded hands, compared to its average volume of 2,025,852. The firm has a market cap of $33.99 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 1.73 and a beta of 0.78. The stock’s 50-day moving average price is $131.27 and its 200 day moving average price is $134.45. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts has a fifty-two week low of $117.47 and a fifty-two week high of $144.53.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Wednesday, May 29th. Electronic Arts’s dividend payout ratio is currently 19.14%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Electronic Arts from $153.00 to $150.00 and set a hold rating for the company in a report on Thursday. BMO Capital Markets cut their price objective on shares of Electronic Arts from $160.00 to $154.00 and set an outperform rating on the stock in a research report on Thursday. Benchmark restated a buy rating and set a $153.00 target price on shares of Electronic Arts in a report on Thursday, April 18th. UBS Group reduced their target price on shares of Electronic Arts from $146.00 to $143.00 and set a neutral rating for the company in a report on Wednesday, March 27th. Finally, Stifel Nicolaus increased their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a buy rating in a report on Thursday, January 18th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $146.61.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total transaction of $101,312.00. Following the transaction, the insider now directly owns 26,283 shares of the company’s stock, valued at $3,328,479.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total value of $101,312.00. Following the transaction, the insider now directly owns 26,283 shares of the company’s stock, valued at approximately $3,328,479.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the transaction, the insider now directly owns 20,258 shares in the company, valued at $2,901,755.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,272 shares of company stock valued at $4,420,459. 0.20% of the stock is owned by company insiders.

About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.