Wall Street brokerages forecast that Take-Two Interactive Software, Inc. (NASDAQ:TTWO) will announce earnings per share (EPS) of $0.74 for the current quarter, Zacks reports. Six analysts have made estimates for Take-Two Interactive Software’s earnings. The lowest EPS estimate is $0.68 and the highest is $0.90. Take-Two Interactive Software reported earnings of $0.45 per share during the same quarter last year, which would indicate a positive year over year growth rate of 64.4%. The firm is expected to announce its next earnings results after the market closes on Tuesday, November 7th.

According to Zacks, analysts expect that Take-Two Interactive Software will report full-year earnings of $2.21 per share for the current year, with EPS estimates ranging from $2.08 to $2.65. For the next fiscal year, analysts anticipate that the company will post earnings of $4.39 per share, with EPS estimates ranging from $4.10 to $5.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Take-Two Interactive Software.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.25. The company had revenue of $348.30 million for the quarter, compared to analyst estimates of $280.70 million. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period last year, the business posted ($0.21) earnings per share.

A number of brokerages have recently issued reports on TTWO. Benchmark Co. restated a “buy” rating and issued a $100.00 price target (up previously from $85.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Cowen and Company restated an “outperform” rating and issued a $83.00 price target (up previously from $79.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. KeyCorp set a $104.00 price target on shares of Take-Two Interactive Software and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Piper Jaffray Companies restated an “overweight” rating and issued a $100.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. boosted their price target on shares of Take-Two Interactive Software from $85.00 to $93.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $94.20.

Shares of Take-Two Interactive Software (TTWO) opened at 105.43 on Friday. The firm has a 50-day moving average of $102.09 and a 200 day moving average of $82.99. The firm has a market capitalization of $11.01 billion, a price-to-earnings ratio of 62.24 and a beta of 0.78. Take-Two Interactive Software has a 12-month low of $43.33 and a 12-month high of $107.53.

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 50,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.81, for a total transaction of $4,390,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Dornemann sold 7,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.80, for a total transaction of $614,600.00. Following the transaction, the director now owns 9,394 shares in the company, valued at approximately $824,793.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,465 shares of company stock worth $7,677,331. Corporate insiders own 1.55% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTWO. Teachers Advisors LLC raised its holdings in Take-Two Interactive Software by 0.5% during the first quarter. Teachers Advisors LLC now owns 635,386 shares of the company’s stock worth $37,659,000 after buying an additional 2,869 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Take-Two Interactive Software by 6.4% in the 1st quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock worth $100,000 after acquiring an additional 101 shares in the last quarter. Amalgamated Bank grew its stake in shares of Take-Two Interactive Software by 16.0% in the 1st quarter. Amalgamated Bank now owns 12,816 shares of the company’s stock worth $760,000 after acquiring an additional 1,764 shares in the last quarter. State Street Corp grew its stake in shares of Take-Two Interactive Software by 62.1% in the 1st quarter. State Street Corp now owns 3,116,177 shares of the company’s stock worth $184,699,000 after acquiring an additional 1,193,381 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of Take-Two Interactive Software by 1,011.3% in the 1st quarter. Nuveen Asset Management LLC now owns 67,410 shares of the company’s stock worth $3,995,000 after acquiring an additional 61,344 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

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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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Earnings History and Estimates for Take-Two Interactive Software (NASDAQ:TTWO)

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