Take-Two Interactive Software, Inc. (TTWO) to Release Earnings on Tuesday
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is set to release its earnings data after the market closes on Tuesday, October 31st.
Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.25. The firm had revenue of $348.30 million for the quarter, compared to analysts’ expectations of $280.70 million. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.21) earnings per share. On average, analysts expect Take-Two Interactive Software to post $1.53 EPS for the current fiscal year and $3.43 EPS for the next fiscal year.
Shares of Take-Two Interactive Software, Inc. (TTWO) opened at 105.01 on Tuesday. The company has a market cap of $10.97 billion, a PE ratio of 61.99 and a beta of 0.78. The stock’s 50 day moving average is $101.77 and its 200 day moving average is $82.49. Take-Two Interactive Software, Inc. has a 52-week low of $43.33 and a 52-week high of $107.53.
A number of brokerages have recently issued reports on TTWO. Stifel Nicolaus reiterated a “buy” rating and set a $87.00 target price on shares of Take-Two Interactive Software in a research report on Monday, July 10th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $112.00 target price (up previously from $93.00) on shares of Take-Two Interactive Software in a research report on Monday, September 25th. Jefferies Group LLC reiterated a “buy” rating and set a $108.00 target price (up previously from $91.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Cowen and Company reiterated a “buy” rating and set a $79.00 target price on shares of Take-Two Interactive Software in a research report on Tuesday, July 11th. Finally, Buckingham Research began coverage on Take-Two Interactive Software in a research report on Wednesday, September 20th. They set a “buy” rating and a $120.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Take-Two Interactive Software currently has a consensus rating of “Buy” and an average price target of $94.20.
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In other Take-Two Interactive Software news, Director Michael Dornemann sold 7,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.80, for a total value of $614,600.00. Following the completion of the sale, the director now directly owns 9,394 shares of the company’s stock, valued at approximately $824,793.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Strauss Zelnick sold 50,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.81, for a total value of $4,390,500.00. The disclosure for this sale can be found here. Insiders sold a total of 87,465 shares of company stock valued at $7,677,331 over the last ninety days. Corporate insiders own 1.55% of the company’s stock.
About Take-Two Interactive Software
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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