Wall Street analysts expect Electronic Arts Inc. (NASDAQ:EA) to report $0.54 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Electronic Arts’ earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.60. Electronic Arts reported earnings of $0.56 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.6%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, November 7th.

On average, analysts expect that Electronic Arts will report full year earnings of $4.24 per share for the current financial year, with EPS estimates ranging from $4.12 to $4.45. For the next financial year, analysts anticipate that the company will post earnings of $5.08 per share, with EPS estimates ranging from $4.71 to $5.57. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Electronic Arts.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Thursday, July 27th. The game software company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.22. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The business had revenue of $775.00 million for the quarter, compared to the consensus estimate of $768.47 million. During the same quarter last year, the firm posted $0.07 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year.

Several analysts recently issued reports on EA shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $135.00 price objective on shares of Electronic Arts in a report on Thursday, August 31st. BidaskClub raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Benchmark Co. upped their price objective on shares of Electronic Arts from $136.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday. Goldman Sachs Group, Inc. (The) started coverage on shares of Electronic Arts in a report on Friday, September 8th. They set a “buy” rating and a $136.00 price objective for the company. Finally, Cowen and Company reaffirmed a “hold” rating and set a $106.00 price objective on shares of Electronic Arts in a report on Friday, September 8th. Four investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $117.01.

Electronic Arts (NASDAQ EA) traded down 0.59% during midday trading on Thursday, reaching $118.89. 296,352 shares of the company traded hands. The stock has a market capitalization of $36.70 billion, a price-to-earnings ratio of 31.83 and a beta of 0.68. The firm has a 50 day moving average of $117.82 and a 200-day moving average of $104.90. Electronic Arts has a 12 month low of $73.74 and a 12 month high of $122.79.

In related news, Director Lawrence F. Probst III sold 68,072 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $118.83, for a total transaction of $8,088,995.76. Following the completion of the sale, the director now owns 176,348 shares in the company, valued at approximately $20,955,432.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Patrick Soderlund sold 50,000 shares of the stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $111.32, for a total transaction of $5,566,000.00. Following the sale, the executive vice president now owns 139,507 shares of the company’s stock, valued at approximately $15,529,919.24. The disclosure for this sale can be found here. Insiders have sold a total of 345,097 shares of company stock valued at $39,716,378 in the last quarter. 2.55% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. D. Scott Neal Inc. bought a new stake in Electronic Arts during the 2nd quarter worth about $120,000. Guardian Life Insurance Co. of America grew its holdings in Electronic Arts by 2.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock worth $107,000 after acquiring an additional 34 shares during the last quarter. Invictus RG grew its holdings in Electronic Arts by 722.0% during the 1st quarter. Invictus RG now owns 1,307 shares of the game software company’s stock worth $117,000 after acquiring an additional 1,148 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Electronic Arts by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock worth $149,000 after acquiring an additional 1,063 shares during the last quarter. Finally, Captrust Financial Advisors bought a new stake in Electronic Arts during the 2nd quarter worth about $195,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

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About Electronic Arts

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

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