Wall Street brokerages expect Take-Two Interactive Software Inc (NASDAQ:TTWO) to announce $451.04 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Take-Two Interactive Software’s earnings, with the highest sales estimate coming in at $460.00 million and the lowest estimate coming in at $440.00 million. Take-Two Interactive Software posted sales of $407.13 million in the same quarter last year, which suggests a positive year over year growth rate of 10.8%. The firm is expected to report its next quarterly earnings report on Tuesday, May 22nd.
On average, analysts expect that Take-Two Interactive Software will report full year sales of $451.04 million for the current financial year, with estimates ranging from $2.02 billion to $2.04 billion. For the next financial year, analysts expect that the business will report sales of $3.04 billion per share, with estimates ranging from $2.81 billion to $3.31 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Take-Two Interactive Software.
Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.34. Take-Two Interactive Software had a net margin of 9.43% and a return on equity of 27.78%. The firm had revenue of $653.94 million during the quarter, compared to the consensus estimate of $669.08 million.
TTWO has been the subject of several analyst reports. TheStreet raised shares of Take-Two Interactive Software from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. BidaskClub downgraded shares of Take-Two Interactive Software from a “strong-buy” rating to a “buy” rating in a report on Friday, January 26th. KeyCorp reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Tuesday, December 19th. BTIG Research initiated coverage on shares of Take-Two Interactive Software in a report on Monday, December 18th. They set a “buy” rating and a $142.00 price objective for the company. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $116.00 price objective on shares of Take-Two Interactive Software in a report on Thursday, December 7th. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Take-Two Interactive Software has an average rating of “Buy” and a consensus target price of $123.48.
In related news, Director Michael Sheresky sold 428 shares of Take-Two Interactive Software stock in a transaction on Friday, February 16th. The shares were sold at an average price of $108.11, for a total value of $46,271.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.55% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of TTWO. Jackson Square Partners LLC raised its position in Take-Two Interactive Software by 137.9% in the 3rd quarter. Jackson Square Partners LLC now owns 3,495,068 shares of the company’s stock worth $357,300,000 after purchasing an additional 2,026,010 shares during the period. Carillon Tower Advisers Inc. purchased a new position in Take-Two Interactive Software in the 4th quarter worth $67,703,000. Alyeska Investment Group L.P. raised its position in Take-Two Interactive Software by 96.9% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,065,472 shares of the company’s stock worth $108,923,000 after purchasing an additional 524,325 shares during the period. Hunt Lane Capital LP purchased a new position in Take-Two Interactive Software in the 4th quarter worth $32,824,000. Finally, First Trust Advisors LP raised its position in Take-Two Interactive Software by 124.1% in the 4th quarter. First Trust Advisors LP now owns 528,938 shares of the company’s stock worth $58,067,000 after purchasing an additional 292,884 shares during the period. Institutional investors own 91.27% of the company’s stock.
Shares of TTWO stock traded down $0.51 during trading hours on Friday, reaching $104.73. 2,053,876 shares of the company’s stock traded hands, compared to its average volume of 2,808,372. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.17 and a current ratio of 1.18. Take-Two Interactive Software has a 1 year low of $56.59 and a 1 year high of $129.25. The company has a market cap of $11,954.62, a P/E ratio of 66.29, a price-to-earnings-growth ratio of 2.80 and a beta of 0.96.
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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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