$2.03 Billion in Sales Expected for Electronic Arts Inc. (EA) This Quarter

Wall Street analysts expect Electronic Arts Inc. (NASDAQ:EA) to post sales of $2.03 billion for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Electronic Arts’ earnings, with estimates ranging from $2.00 billion to $2.05 billion. Electronic Arts reported sales of $2.07 billion in the same quarter last year, which suggests a negative year over year growth rate of 1.9%. The business is expected to issue its next quarterly earnings results after the market closes on Tuesday, January 30th.

According to Zacks, analysts expect that Electronic Arts will report full year sales of $2.03 billion for the current financial year, with estimates ranging from $4.90 billion to $5.21 billion. For the next year, analysts forecast that the business will post sales of $5.57 billion per share, with estimates ranging from $5.36 billion to $5.75 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Electronic Arts.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, October 31st. The game software company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.10. Electronic Arts had a return on equity of 28.92% and a net margin of 23.35%.

Several analysts recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating and set a $128.00 target price (up previously from $126.00) on shares of Electronic Arts in a report on Monday, October 2nd. Needham & Company LLC restated a “buy” rating and issued a $130.00 price objective on shares of Electronic Arts in a research note on Friday, October 13th. Robert W. Baird restated a “buy” rating and issued a $130.00 price objective on shares of Electronic Arts in a research note on Wednesday, November 1st. Zacks Investment Research lowered Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Cowen restated a “hold” rating and issued a $104.00 price objective on shares of Electronic Arts in a research note on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $122.85.

In related news, CFO Blake J. Jorgensen sold 10,500 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $112.85, for a total transaction of $1,184,925.00. Following the sale, the chief financial officer now owns 159,114 shares of the company’s stock, valued at approximately $17,956,014.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Chris Bruzzo sold 1,500 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $113.78, for a total value of $170,670.00. Following the sale, the executive vice president now directly owns 40,662 shares in the company, valued at approximately $4,626,522.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,516 shares of company stock worth $7,243,795. Company insiders own 2.55% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. boosted its holdings in shares of Electronic Arts by 4.3% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 103,220 shares of the game software company’s stock valued at $12,186,000 after acquiring an additional 4,254 shares in the last quarter. Twin Capital Management Inc. boosted its holdings in shares of Electronic Arts by 16.9% during the 3rd quarter. Twin Capital Management Inc. now owns 87,560 shares of the game software company’s stock valued at $10,337,000 after acquiring an additional 12,640 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Electronic Arts by 65.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,425,278 shares of the game software company’s stock valued at $150,688,000 after acquiring an additional 561,322 shares in the last quarter. Moody Lynn & Lieberson LLC boosted its holdings in shares of Electronic Arts by 9.3% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 63,565 shares of the game software company’s stock valued at $7,504,000 after acquiring an additional 5,413 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Electronic Arts by 1.5% during the 3rd quarter. Swiss National Bank now owns 1,142,955 shares of the game software company’s stock valued at $134,937,000 after acquiring an additional 17,400 shares in the last quarter. 93.53% of the stock is currently owned by institutional investors.

Shares of Electronic Arts (EA) opened at $116.18 on Friday. Electronic Arts has a twelve month low of $78.89 and a twelve month high of $122.79. The stock has a market capitalization of $36,150.00, a PE ratio of 30.65, a P/E/G ratio of 1.90 and a beta of 0.61. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23.

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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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