TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) Updates Q1 2021 After-Hours Earnings Guidance

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) issued an update on its first quarter 2021
After-Hours earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.45-1.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.50. The company issued revenue guidance of $800-850 million, compared to the consensus revenue estimate of $476.61 million.TAKE-TWO INTERACTIVE SOFTWARE also updated its FY 2021
After-Hours guidance to 3.00-3.25 EPS.

Several equities analysts have recently weighed in on the stock. SunTrust Banks dropped their price objective on shares of 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. MKM Partners lowered shares of TAKE-TWO INTERACTIVE SOFTWARE from a buy rating to a neutral rating and dropped their price objective for the company from $142.00 to $133.00 in a research report on Friday, January 24th. Cfra dropped their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $132.00 to $130.00 and set a buy rating on the stock in a research report on Wednesday, March 25th. Bank of America reissued a buy rating and issued a $140.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, February 5th. Finally, Piper Sandler increased their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $134.00 to $141.00 and gave the company an overweight rating in a research report on Tuesday, January 28th. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. TAKE-TWO INTERACTIVE SOFTWARE has a consensus rating of Buy and an average target price of $132.96.

TAKE-TWO INTERACTIVE SOFTWARE stock traded up $6.71 during trading hours on Wednesday, reaching $142.24. 3,226,900 shares of the stock were exchanged, compared to its average volume of 2,178,784. The company has a market cap of $15.37 billion, a P/E ratio of 49.44, a price-to-earnings-growth ratio of 4.77 and a beta of 0.56. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 0.06. TAKE-TWO INTERACTIVE SOFTWARE has a twelve month low of $100.00 and a twelve month high of $149.28. The stock has a 50 day moving average of $124.38 and a two-hundred day moving average of $120.77.

In other news, CFO Lainie Goldstein sold 16,933 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $135.01, for a total value of $2,286,124.33. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Daniel P. Emerson sold 213 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $123.61, for a total transaction of $26,328.93. Following the completion of the sale, the insider now owns 49,925 shares in the company, valued at $6,171,229.25. The disclosure for this sale can be found here. Insiders have sold 260,474 shares of company stock worth $31,648,198 over the last quarter. Corporate 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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