Electronic Arts (EA) to Release Quarterly Earnings on Tuesday

Electronic Arts (NASDAQ:EA) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, January 30th. Analysts expect the company to announce earnings of $2.06 per share for the quarter.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, October 31st. The game software company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.40 by $0.10. Electronic Arts had a net margin of 23.35% and a return on equity of 28.92%. On average, analysts expect Electronic Arts to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of Electronic Arts (NASDAQ EA) opened at $117.99 on Tuesday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. The company has a market cap of $36,430.00, a PE ratio of 31.13, a PEG ratio of 1.91 and a beta of 0.61. Electronic Arts has a 52-week low of $79.26 and a 52-week high of $122.79.

A number of equities research analysts have issued reports on the stock. Wedbush set a $136.00 price objective on shares of Electronic Arts and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Electronic Arts in a research report on Friday, October 13th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $128.00 price objective on shares of Electronic Arts in a research report on Thursday, October 12th. SunTrust Banks assumed coverage on shares of Electronic Arts in a research report on Tuesday, October 10th. They issued a “buy” rating and a $133.00 price objective for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $127.00 price objective on shares of Electronic Arts in a research report on Friday, October 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $123.28.

In other Electronic Arts news, insider Andrew Wilson sold 10,058 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $113.81, for a total value of $1,144,700.98. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Blake J. Jorgensen sold 10,500 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 159,114 shares in the company, valued at $17,956,014.90. The disclosure for this sale can be found here. Insiders sold a total of 66,516 shares of company stock worth $7,243,795 over the last quarter. Corporate insiders own 2.55% of the company’s stock.

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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.

Earnings History for Electronic Arts (NASDAQ:EA)

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