Take-Two Interactive Software Inc (TTWO) Expected to Announce Quarterly Sales of $460.90 Million

Analysts expect Take-Two Interactive Software Inc (NASDAQ:TTWO) to post $460.90 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Take-Two Interactive Software’s earnings, with the lowest sales estimate coming in at $448.90 million and the highest estimate coming in at $490.00 million. Take-Two Interactive Software posted sales of $407.13 million during the same quarter last year, which suggests a positive year-over-year growth rate of 13.2%. The company is expected to announce its next quarterly earnings results on Tuesday, May 22nd.

On average, analysts expect that Take-Two Interactive Software will report full year sales of $460.90 million for the current financial year, with estimates ranging from $1.83 billion to $2.04 billion. For the next year, analysts anticipate that the firm will post sales of $2.93 billion per share, with estimates ranging from $2.53 billion to $3.48 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Take-Two Interactive Software.

A number of analysts recently commented on TTWO shares. TheStreet upgraded Take-Two Interactive Software from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. KeyCorp reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, October 17th. Bank of America lifted their price objective on Take-Two Interactive Software from $106.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Buckingham Research lifted their price objective on Take-Two Interactive Software from $120.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Benchmark lifted their price objective on Take-Two Interactive Software from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $123.48.

Institutional investors and hedge funds have recently bought and sold shares of the business. Dupont Capital Management Corp purchased a new stake in Take-Two Interactive Software in the 3rd quarter valued at about $102,000. Invictus RG grew its holdings in Take-Two Interactive Software by 1,188.8% in the 3rd quarter. Invictus RG now owns 1,031 shares of the company’s stock valued at $105,000 after buying an additional 951 shares during the period. JFS Wealth Advisors LLC purchased a new stake in Take-Two Interactive Software in the 4th quarter valued at about $110,000. Cerebellum GP LLC purchased a new stake in Take-Two Interactive Software in the 4th quarter valued at about $133,000. Finally, Huntington National Bank grew its holdings in shares of Take-Two Interactive Software by 75.0% during the 4th quarter. Huntington National Bank now owns 1,419 shares of the company’s stock worth $156,000 after purchasing an additional 608 shares during the period. Institutional investors own 89.60% of the company’s stock.

Shares of Take-Two Interactive Software (TTWO) opened at $109.93 on Tuesday. The company has a market capitalization of $12,540.00, a PE ratio of 68.28, a P/E/G ratio of 3.18 and a beta of 0.85. Take-Two Interactive Software has a 52-week low of $56.50 and a 52-week high of $129.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.17 and a current ratio of 1.18.

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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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