Wall Street analysts expect that Electronic Arts Inc. (NASDAQ:EA) will report sales of $1.23 billion for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Electronic Arts’ earnings, with the lowest sales estimate coming in at $1.21 billion and the highest estimate coming in at $1.25 billion. Electronic Arts reported sales of $1.09 billion during the same quarter last year, which indicates a positive year over year growth rate of 12.8%. The firm is scheduled to issue its next earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that Electronic Arts will report full-year sales of $1.23 billion for the current fiscal year, with estimates ranging from $5.13 billion to $5.18 billion. For the next fiscal year, analysts anticipate that the business will report sales of $5.61 billion per share, with estimates ranging from $5.41 billion to $5.84 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Electronic Arts.
Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, January 30th. The game software company reported $2.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.03. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.02 billion. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%.
In other Electronic Arts news, EVP Chris Bruzzo sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $128.31, for a total transaction of $192,465.00. Following the transaction, the executive vice president now owns 36,762 shares of the company’s stock, valued at approximately $4,716,932.22. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $107.50, for a total transaction of $107,500.00. Following the transaction, the senior vice president now directly owns 18,950 shares in the company, valued at approximately $2,037,125. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,279 shares of company stock worth $9,809,588. Insiders own 2.55% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Cerebellum GP LLC purchased a new stake in shares of Electronic Arts during the 4th quarter worth approximately $129,000. First Bank & Trust purchased a new position in Electronic Arts in the 4th quarter valued at approximately $134,000. Bessemer Group Inc. grew its stake in Electronic Arts by 144.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after buying an additional 783 shares in the last quarter. Exane Derivatives purchased a new position in Electronic Arts in the 4th quarter valued at approximately $142,000. Finally, Dupont Capital Management Corp purchased a new position in Electronic Arts in the 3rd quarter valued at approximately $183,000. Institutional investors own 95.45% of the company’s stock.
Shares of Electronic Arts (NASDAQ:EA) opened at $128.12 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market capitalization of $39,300.00, a PE ratio of 34.82, a PEG ratio of 2.34 and a beta of 0.76. Electronic Arts has a 12 month low of $87.90 and a 12 month high of $131.01.
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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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