Equities research analysts expect that Activision Blizzard, Inc. (NASDAQ:ATVI) will announce sales of $1.09 billion for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Activision Blizzard’s earnings, with estimates ranging from $1.05 billion to $1.2 billion. Activision Blizzard reported sales of $908 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 20%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, May 4th.

On average, analysts expect that Activision Blizzard will report full year sales of $1.09 billion for the current fiscal year, with estimates ranging from $6.33 billion to $6.76 billion. For the next fiscal year, analysts anticipate that the business will post sales of $7.19 billion per share, with estimates ranging from $6.69 billion to $7.46 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Activision Blizzard.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Thursday, February 9th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.13. Activision Blizzard had a net margin of 13.86% and a return on equity of 16.70%. The firm earned $2.45 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the previous year, the firm posted $0.83 EPS. The company’s revenue for the quarter was up 81.2% compared to the same quarter last year.

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Several brokerages have recently issued reports on ATVI. Wedbush reiterated an “outperform” rating and issued a $53.00 target price on shares of Activision Blizzard in a research report on Tuesday, January 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 target price on shares of Activision Blizzard in a research report on Thursday, January 12th. Mizuho dropped their target price on shares of Activision Blizzard from $48.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, January 13th. Robert W. Baird reiterated an “outperform” rating and issued a $47.00 target price on shares of Activision Blizzard in a research report on Sunday, April 2nd. Finally, William Blair began coverage on shares of Activision Blizzard in a research report on Wednesday, March 1st. They issued an “outperform” rating and a $47.64 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Activision Blizzard presently has an average rating of “Buy” and an average target price of $49.64.

In related news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $45.41, for a total value of $897,347.01. Following the completion of the transaction, the chief executive officer now owns 62,546 shares in the company, valued at $2,840,213.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian G. Kelly sold 5,037,998 shares of Activision Blizzard stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $45.67, for a total transaction of $230,085,368.66. Following the completion of the transaction, the director now owns 559,850 shares of the company’s stock, valued at approximately $25,568,349.50. The disclosure for this sale can be found here. Insiders sold 5,970,665 shares of company stock valued at $274,351,641 in the last 90 days. Company insiders own 25.23% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its position in shares of Activision Blizzard by 22.7% in the third quarter. Principal Financial Group Inc. now owns 1,050,637 shares of the company’s stock worth $46,543,000 after buying an additional 194,524 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Activision Blizzard by 29.9% in the third quarter. Louisiana State Employees Retirement System now owns 43,400 shares of the company’s stock worth $1,923,000 after buying an additional 10,000 shares during the period. I.G. Investment Management LTD. boosted its position in shares of Activision Blizzard by 9.4% in the fourth quarter. I.G. Investment Management LTD. now owns 433,406 shares of the company’s stock worth $15,650,000 after buying an additional 37,205 shares during the period. KCG Holdings Inc. boosted its position in shares of Activision Blizzard by 94.2% in the third quarter. KCG Holdings Inc. now owns 34,763 shares of the company’s stock worth $1,540,000 after buying an additional 16,862 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of Activision Blizzard by 5.9% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 234,800 shares of the company’s stock worth $10,402,000 after buying an additional 13,000 shares during the period. Hedge funds and other institutional investors own 86.29% of the company’s stock.

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Shares of Activision Blizzard (NASDAQ:ATVI) opened at 49.35 on Thursday. Activision Blizzard has a 12 month low of $33.55 and a 12 month high of $50.40. The stock’s 50 day moving average is $48.91 and its 200-day moving average is $42.57. The company has a market cap of $37.10 billion, a P/E ratio of 38.55 and a beta of 1.03.

About Activision Blizzard

Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.

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