Activision Blizzard (NASDAQ:ATVI) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, February 7th. Activision Blizzard has set its Q4 guidance at $0.10 EPS and its FY17 guidance at $1.22 EPS.
Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Thursday, November 2nd. The company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.11. Activision Blizzard had a net margin of 15.90% and a return on equity of 17.56%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.74 billion. On average, analysts expect Activision Blizzard to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Activision Blizzard (NASDAQ:ATVI) opened at $71.61 on Wednesday. Activision Blizzard has a one year low of $38.93 and a one year high of $72.68. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44. The company has a market cap of $54,140.00, a price-to-earnings ratio of 49.05, a PEG ratio of 2.13 and a beta of 1.02.
Several research analysts recently issued reports on ATVI shares. Wedbush set a $75.00 target price on shares of Activision Blizzard and gave the stock a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research raised shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 target price for the company in a report on Friday, October 27th. Vetr raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.58 target price for the company in a report on Tuesday, October 10th. Cowen cut shares of Activision Blizzard from an “outperform” rating to a “market perform” rating and set a $66.00 target price for the company. in a report on Monday, October 9th. Finally, UBS Group raised their target price on shares of Activision Blizzard from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Seven research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Activision Blizzard presently has an average rating of “Buy” and a consensus price target of $70.60.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction on Friday, November 17th. The shares were sold at an average price of $63.64, for a total value of $1,257,590.04. Following the completion of the transaction, the chief executive officer now owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.12% of the stock is currently owned by insiders.
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Activision Blizzard Company Profile
Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.
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