Analysts expect that Take-Two Interactive Software, Inc. (NASDAQ:TTWO) will report $671.61 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Take-Two Interactive Software’s earnings. The lowest sales estimate is $638.70 million and the highest is $701.70 million. Take-Two Interactive Software reported sales of $476.47 million in the same quarter last year, which indicates a positive year over year growth rate of 41%. The business is scheduled to announce its next earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that Take-Two Interactive Software will report full-year sales of $671.61 million for the current fiscal year, with estimates ranging from $1.98 billion to $2.13 billion. For the next financial year, analysts forecast that the firm will post sales of $2.97 billion per share, with estimates ranging from $2.53 billion to $3.48 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Take-Two Interactive Software.

TTWO has been the topic of several recent analyst reports. MKM Partners reissued a “buy” rating and set a $97.00 target price (up previously from $86.00) on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th. Benchmark reissued a “buy” rating and set a $100.00 target price (up previously from $85.00) on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th. Stifel Nicolaus reissued a “buy” rating and set a $96.00 target price (up previously from $87.00) on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 27th. Finally, ValuEngine cut shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $112.90.

Take-Two Interactive Software (TTWO) opened at $104.19 on Wednesday. The stock has a market capitalization of $12,632.52, a PE ratio of 43.27, a price-to-earnings-growth ratio of 3.21 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.33. Take-Two Interactive Software has a 12 month low of $47.56 and a 12 month high of $120.62.

In related news, CEO Strauss Zelnick sold 31,004 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $116.49, for a total value of $3,611,655.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Dornemann sold 5,500 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $118.50, for a total transaction of $651,750.00. Following the completion of the transaction, the director now owns 4,777 shares of the company’s stock, valued at $566,074.50. The disclosure for this sale can be found here. Insiders sold a total of 66,504 shares of company stock worth $7,729,606 in the last ninety days. 1.55% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Dupont Capital Management Corp purchased a new position in shares of Take-Two Interactive Software during the 3rd quarter valued at $102,000. Invictus RG grew its position in shares of Take-Two Interactive Software by 1,188.8% during the 3rd quarter. Invictus RG now owns 1,031 shares of the company’s stock valued at $105,000 after purchasing an additional 951 shares in the last quarter. Pittenger & Anderson Inc. grew its position in shares of Take-Two Interactive Software by 124.1% during the 3rd quarter. Pittenger & Anderson Inc. now owns 1,625 shares of the company’s stock valued at $166,000 after purchasing an additional 900 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Take-Two Interactive Software by 233.9% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,693 shares of the company’s stock valued at $173,000 after purchasing an additional 1,186 shares in the last quarter. Finally, Smithfield Trust Co. purchased a new position in shares of Take-Two Interactive Software during the 2nd quarter valued at $125,000. Institutional investors and hedge funds own 91.26% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/06/take-two-interactive-software-inc-ttwo-expected-to-post-quarterly-sales-of-671-61-million-2.html.

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.

Get a free copy of the Zacks research report on Take-Two Interactive Software (TTWO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Take-Two Interactive Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.