Brokerages expect Electronic Arts Inc. (NASDAQ:EA) to report sales of $2.02 billion for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Electronic Arts’ earnings, with estimates ranging from $1.99 billion to $2.05 billion. Electronic Arts posted sales of $2.07 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 2.4%. The business is expected to issue its next earnings results on Tuesday, January 30th.

According to Zacks, analysts expect that Electronic Arts will report full year sales of $2.02 billion for the current year, with estimates ranging from $4.94 billion to $5.21 billion. For the next financial year, analysts expect that the company will post sales of $5.59 billion per share, with estimates ranging from $5.18 billion to $5.94 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Electronic Arts.

A number of research analysts recently issued reports on the stock. Vetr downgraded shares of Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 target price for the company. in a research report on Wednesday. KeyCorp restated a “buy” rating and set a $134.00 target price on shares of Electronic Arts in a research report on Sunday, November 19th. Buckingham Research set a $143.00 target price on shares of Electronic Arts and gave the company a “buy” rating in a research report on Sunday, November 19th. Oppenheimer restated a “buy” rating on shares of Electronic Arts in a research report on Friday, November 17th. Finally, BMO Capital Markets decreased their target price on shares of Electronic Arts from $100.00 to $97.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. Five research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Electronic Arts currently has an average rating of “Buy” and an average price target of $123.26.

Electronic Arts (NASDAQ:EA) traded up $0.86 during trading hours on Friday, hitting $106.35. 5,395,100 shares of the stock traded hands, compared to its average volume of 2,917,477. Electronic Arts has a 1-year low of $73.74 and a 1-year high of $122.79. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $32,830.00, a P/E ratio of 28.14, a P/E/G ratio of 1.79 and a beta of 0.65.

In other news, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $120.77, for a total value of $120,770.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Blake J. Jorgensen sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $117.14, for a total transaction of $1,171,400.00. Following the completion of the sale, the chief financial officer now directly owns 199,614 shares of the company’s stock, valued at approximately $23,382,783.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,116 shares of company stock valued at $6,497,517. 2.55% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of EA. FMR LLC lifted its holdings in Electronic Arts by 0.7% during the 2nd quarter. FMR LLC now owns 30,692,180 shares of the game software company’s stock worth $3,244,778,000 after buying an additional 205,768 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Electronic Arts by 0.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,203,946 shares of the game software company’s stock worth $496,317,000 after buying an additional 25,397 shares in the last quarter. Northern Trust Corp lifted its holdings in Electronic Arts by 1.2% during the 2nd quarter. Northern Trust Corp now owns 3,431,740 shares of the game software company’s stock worth $362,804,000 after buying an additional 40,722 shares in the last quarter. American Century Companies Inc. lifted its holdings in Electronic Arts by 7.8% during the 3rd quarter. American Century Companies Inc. now owns 2,712,104 shares of the game software company’s stock worth $320,191,000 after buying an additional 196,228 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Electronic Arts by 928.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock worth $273,399,000 after buying an additional 2,334,600 shares in the last quarter. 93.79% of the stock is owned by institutional investors and hedge funds.

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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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