Equities analysts predict that Electronic Arts (NASDAQ:EA) will announce $1.23 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Electronic Arts’ earnings, with estimates ranging from $1.21 billion to $1.24 billion. Electronic Arts posted sales of $1.09 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.8%. The firm is expected to report its next quarterly earnings report after the market closes on Tuesday, May 8th.
On average, analysts expect that Electronic Arts will report full year sales of $5.15 billion for the current financial year, with estimates ranging from $5.13 billion to $5.17 billion. For the next year, analysts expect that the business will report sales of $5.61 billion per share, with estimates ranging from $5.41 billion to $5.83 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Electronic Arts.
Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.03. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.02 billion.
Several research firms have weighed in on EA. William Blair reissued an “outperform” rating on shares of Electronic Arts in a research note on Friday, April 13th. Needham & Company LLC increased their target price on Electronic Arts from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Piper Jaffray reissued a “buy” rating and issued a $145.00 target price on shares of Electronic Arts in a research note on Wednesday, January 31st. Wedbush reissued a “buy” rating and issued a $136.00 target price on shares of Electronic Arts in a research note on Thursday, January 25th. Finally, Buckingham Research increased their target price on Electronic Arts from $143.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $132.81.
NASDAQ:EA traded down $2.22 during mid-day trading on Monday, hitting $120.89. The company had a trading volume of 2,743,648 shares, compared to its average volume of 2,495,063. Electronic Arts has a fifty-two week low of $91.10 and a fifty-two week high of $131.13. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $37,761.29, a price-to-earnings ratio of 40.84, a PEG ratio of 1.89 and a beta of 0.80.
In related news, CEO Andrew Wilson sold 9,000 shares of the stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $118.77, for a total transaction of $1,068,930.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Vijayanthimala Singh sold 200 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $126.75, for a total value of $25,350.00. Following the transaction, the senior vice president now owns 4,528 shares of the company’s stock, valued at $573,924. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 81,079 shares of company stock worth $9,986,474. 2.55% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of EA. Brown Advisory Inc. grew its stake in Electronic Arts by 25,746.6% in the fourth quarter. Brown Advisory Inc. now owns 2,096,933 shares of the game software company’s stock valued at $220,305,000 after purchasing an additional 2,088,820 shares in the last quarter. Egerton Capital UK LLP bought a new position in Electronic Arts in the fourth quarter valued at approximately $184,412,000. Flossbach Von Storch AG bought a new position in Electronic Arts in the fourth quarter valued at approximately $139,782,000. Old Mutual Global Investors UK Ltd. grew its stake in Electronic Arts by 161.6% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 1,542,907 shares of the game software company’s stock valued at $162,097,000 after purchasing an additional 953,148 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Electronic Arts by 4.4% in the fourth quarter. BlackRock Inc. now owns 21,297,293 shares of the game software company’s stock valued at $2,237,493,000 after purchasing an additional 904,557 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.
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Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.
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