Investors Buy High Volume of Electronic Arts Put Options (EA)
Electronic Arts (NYSE:EA) was the recipient of some unusual options trading on Wednesday. Investors bought 7,807 put options on the stock, ARN reports. This represents an increase of 114% compared to the typical daily volume of 3,655 put options.
A number of research firms have recently commented on EA. Analysts at Brean Capital reiterated a “buy” rating on shares of Electronic Arts (NYSE:EA) in a research note to investors on Wednesday, September 18th. Separately, analysts at Hilliard Lyons downgraded shares of Electronic Arts (NYSE:EA) from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, August 14th. Finally, analysts at Benchmark Co. initiated coverage on shares of Electronic Arts (NYSE:EA) in a research note to investors on Friday, August 2nd. They set a “buy” rating and a $30.83 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. Electronic Arts presently has an average rating of “Hold” and an average target price of $23.24.
Electronic Arts (NYSE:EA) traded down 3.03% during mid-day trading on Wednesday, hitting $25.62. 6,100,253 shares of the company’s stock traded hands. Electronic Arts has a 52-week low of $11.80 and a 52-week high of $28.13. The stock has a 50-day moving average of $26.83 and a 200-day moving average of $22.. The company has a market cap of $7.856 billion and a price-to-earnings ratio of 70.27.
Electronic Arts (NYSE:EA) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported ($0.40) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.60) by $0.20. The company had revenue of $495.00 million for the quarter, compared to the consensus estimate of $453.75 million. During the same quarter in the previous year, the company posted ($0.41) earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. On average, analysts predict that Electronic Arts will post $1.22 earnings per share for the current fiscal year.
Electronic Arts Inc develops, markets, publishes and distributes game software content and services that can be played by consumers on a variety of video game machines and electronic devices (NYSE:EA).
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