Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Scheduled to Post Quarterly Earnings on Wednesday
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of $0.19 per share for the quarter.
Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Tuesday, May 23rd. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.08. The firm had revenue of $407.20 million during the quarter, compared to the consensus estimate of $354.10 million. Take-Two Interactive Software had a return on equity of 22.89% and a net margin of 3.70%. The firm’s revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 EPS. On average, analysts expect Take-Two Interactive Software to post $1.68 EPS for the current fiscal year and $3.82 EPS for the next fiscal year.
Shares of Take-Two Interactive Software, Inc. (NASDAQ TTWO) opened at 80.85 on Wednesday. The stock has a market capitalization of $7.95 billion, a P/E ratio of 113.08 and a beta of 0.82. Take-Two Interactive Software, Inc. has a 1-year low of $39.98 and a 1-year high of $81.13. The firm’s 50-day moving average price is $75.22 and its 200 day moving average price is $64.01.
TTWO has been the subject of a number of research reports. Pacific Crest restated an “overweight” rating and issued a $74.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, April 26th. MKM Partners restated a “buy” rating and issued a $80.00 target price (up from $63.00) on shares of Take-Two Interactive Software in a research note on Tuesday, May 23rd. Zacks Investment Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Robert W. Baird lifted their target price on Take-Two Interactive Software from $53.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, May 24th. Finally, Bank of America Corporation lifted their price target on Take-Two Interactive Software from $67.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $73.18.
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In related news, VP Daniel P. Emerson sold 18,440 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $76.21, for a total transaction of $1,405,312.40. Following the sale, the vice president now owns 135,088 shares of the company’s stock, valued at $10,295,056.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Strauss Zelnick sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $78.53, for a total value of $2,748,550.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,840 shares of company stock worth $4,644,614. Corporate insiders own 2.50% of the company’s stock.
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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