King Digital Entertainment PLC (KING) Releases Quarterly Earnings Results
King Digital Entertainment PLC (NYSE:KING) announced its earnings results on Tuesday. The company reported $0.52 earnings per share for the quarter, American Banking News reports. The company had revenue of $593.60 million for the quarter, compared to the consensus estimate of $455.50 million.
KING has been the subject of a number of recent research reports. Analysts at Pacific Crest downgraded shares of King Digital Entertainment PLC from an “outperform” rating to a “sector perform” rating in a research note on Monday. They now have a $18.71 price target on the stock. On a related note, analysts at Zacks upgraded shares of King Digital Entertainment PLC from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 5th. They now have a $19.80 price target on the stock. Finally, analysts at Bank of America downgraded shares of King Digital Entertainment PLC from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 23rd. They now have a $22.00 price target on the stock, down previously from $23.00. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. King Digital Entertainment PLC has an average rating of “Buy” and an average target price of $24.89.
King Digital Entertainment PLC (NYSE:KING) traded up 0.17% on Tuesday, hitting $18.20. 4,550,904 shares of the company’s stock traded hands. King Digital Entertainment PLC has a one year low of $15.26 and a one year high of $23.48. The stock has a 50-day moving average of $19.47 and a 200-day moving average of $18.16. The company has a market cap of $5.782 billion and a P/E ratio of 9.06.
King Digital Entertainment plc is an interactive entertainment company. The Company’s games include Candy Crush Saga, Pet Rescue Saga, Farm Heroes Saga, Papa Pear Saga and Bubble Witch Saga.
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