TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) Updates FY21 Earnings Guidance

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) updated its FY21 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.60-2.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.36. The company issued revenue guidance of $2.55-2.65 billion, compared to the consensus revenue estimate of $2.67 billion.TAKE-TWO INTERACTIVE SOFTWARE also updated its FY 2021
After-Hours guidance to 3.00-3.25 EPS.

A number of analysts have recently issued reports on the company. Exane BNP Paribas raised TAKE-TWO INTERACTIVE SOFTWARE from an underperform rating to a neutral rating and set a $113.00 target price on the stock in a research report on Monday, March 2nd. SunTrust Banks dropped their target price on TAKE-TWO INTERACTIVE SOFTWARE from $133.00 to $129.00 and set a buy rating on the stock in a research report on Monday, February 10th. BNP Paribas raised TAKE-TWO INTERACTIVE SOFTWARE from an underperform rating to a neutral rating and set a $113.00 target price on the stock in a research report on Monday, March 2nd. Bank of America reiterated a buy rating and issued a $140.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, February 5th. Finally, Benchmark lifted their price target on TAKE-TWO INTERACTIVE SOFTWARE from $142.00 to $149.00 and gave the stock a buy rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $132.96.

TTWO stock traded up $4.60 during midday trading on Wednesday, reaching $146.84. The company had a trading volume of 6,835,391 shares, compared to its average volume of 2,178,784. The company has a quick ratio of 1.63, a current ratio of 1.64 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average price of $124.38 and a 200 day moving average price of $120.77. TAKE-TWO INTERACTIVE SOFTWARE has a fifty-two week low of $100.00 and a fifty-two week high of $149.28. The firm has a market capitalization of $15.37 billion, a PE ratio of 49.44, a P/E/G ratio of 4.77 and a beta of 0.56.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its earnings results on Wednesday, May 20th. The company reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.51. The company had revenue of $729.42 million during the quarter, compared to the consensus estimate of $585.27 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 15.30% and a net margin of 11.81%. TAKE-TWO INTERACTIVE SOFTWARE’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 earnings per share. Research analysts predict that TAKE-TWO INTERACTIVE SOFTWARE will post 3.15 EPS for the current year.

In other news, insider Daniel P. Emerson sold 405 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $119.88, for a total transaction of $48,551.40. Following the completion of the transaction, the insider now directly owns 49,925 shares in the company, valued at $5,985,009. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Strauss Zelnick sold 216,665 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $118.97, for a total value of $25,776,635.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 260,474 shares of company stock valued at $31,648,198. Insiders own 1.20% of the company’s stock.

TAKE-TWO INTERACTIVE SOFTWARE Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Earnings History and Estimates for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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