Take-Two Interactive Software (TTWO) Posts Quarterly Earnings Results, Beats Estimates By $1.01 EPS
Take-Two Interactive Software (NASDAQ:TTWO) released its earnings data on Tuesday. The company reported $2.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.48 by $1.01, American Banking News.com reports. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $836.71 million. During the same quarter last year, the company posted $0.11 earnings per share. Take-Two Interactive Software’s revenue was up 340.5% compared to the same quarter last year. Take-Two Interactive Software updated its Q3 guidance to $1.20-1.35 EPS and its FY14 guidance to $3.50-3.75 EPS.
A number of research firms have recently commented on TTWO. Analysts at Zacks downgraded shares of Take-Two Interactive Software from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $20.20 price target on the stock. On a related note, analysts at Cowen and Company raised their price target on shares of Take-Two Interactive Software from $20.00 to $22.00 in a research note to investors on Wednesday, September 25th. They now have an “outperform” rating on the stock. Finally, analysts at Macquarie raised their price target on shares of Take-Two Interactive Software from $23.00 to $25.00 in a research note to investors on Thursday, September 19th. They now have an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $20.47.
Take-Two Interactive Software (NASDAQ:TTWO) traded up 1.53% during mid-day trading on Tuesday, hitting $17.95. 6,134,135 shares of the company’s stock traded hands. Take-Two Interactive Software has a one year low of $9.86 and a one year high of $19.12. The stock’s 50-day moving average is $18.18 and its 200-day moving average is $16.30. The company has a market cap of $1.561 billion and a P/E ratio of 78.23.
Take-Two Interactive Software, Inc is a developer, marketer and publisher of interactive entertainment for consumers worldwide.
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