Electronic Arts Inc. (EA) Scheduled to Post Quarterly Earnings on Tuesday
Electronic Arts Inc. (NASDAQ:EA) is set to issue its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.66 per share for the quarter.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data 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. The business had revenue of $775.00 million during the quarter, compared to analysts’ expectations of $768.47 million. Electronic Arts had a return on equity of 29.77% and a net margin of 23.31%. The business’s revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 earnings per share. On average, analysts expect Electronic Arts to post $3.67 EPS for the current fiscal year and $4.44 EPS for the next fiscal year.
Shares of Electronic Arts Inc. (NASDAQ EA) opened at 113.66 on Tuesday. The stock has a market capitalization of $35.09 billion, a PE ratio of 30.43 and a beta of 0.70. Electronic Arts Inc. has a 52-week low of $73.74 and a 52-week high of $122.79. The stock has a 50 day moving average price of $117.64 and a 200-day moving average price of $110.87.
In related news, CFO Blake J. Jorgensen sold 10,000 shares of Electronic Arts stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $115.25, for a total value of $1,152,500.00. Following the transaction, the chief financial officer now owns 209,614 shares in the company, valued at $24,158,013.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $120.77, for a total value of $120,770.00. The disclosure for this sale can be found here. Insiders sold 197,096 shares of company stock worth $23,460,336 in the last quarter. 2.55% of the stock is owned by insiders.
EA has been the subject of several research analyst reports. BidaskClub downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Vetr raised Electronic Arts from a “buy” rating to a “strong-buy” rating and set a $125.00 price objective for the company in a research note on Tuesday, July 4th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Electronic Arts in a research note on Monday, July 17th. Needham & Company LLC initiated coverage on Electronic Arts in a research note on Monday, July 17th. They issued a “buy” rating and a $130.00 price objective for the company. Finally, Bank of America Corporation raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 price objective for the company in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $121.31.
Electronic Arts Company Profile
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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