Equities research analysts expect Zynga Inc (NASDAQ:ZNGA) to report $0.03 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Zynga’s earnings. The highest EPS estimate is $0.04 and the lowest is $0.02. Zynga reported earnings per share of $0.02 during the same quarter last year, which suggests a positive year over year growth rate of 50%. The company is expected to announce its next quarterly earnings results on Wednesday, August 1st.
On average, analysts expect that Zynga will report full year earnings of $0.15 per share for the current financial year, with EPS estimates ranging from $0.12 to $0.18. For the next financial year, analysts forecast that the business will report earnings of $0.19 per share, with EPS estimates ranging from $0.17 to $0.22. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Zynga.
Zynga (NASDAQ:ZNGA) last announced its quarterly earnings results on Wednesday, May 2nd. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. Zynga had a net margin of 4.77% and a return on equity of 2.57%. The firm had revenue of $208.23 million during the quarter, compared to analyst estimates of $204.05 million. During the same period in the previous year, the business posted ($0.01) earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis.
A number of analysts have recently commented on the stock. BidaskClub lowered shares of Zynga from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Benchmark reiterated a “buy” rating and issued a $5.00 price target (up from $4.36) on shares of Zynga in a research note on Thursday, May 31st. Wedbush set a $6.00 target price on shares of Zynga and gave the company a “buy” rating in a research report on Wednesday, May 30th. Piper Jaffray Companies restated an “overweight” rating and set a $5.00 target price on shares of Zynga in a research report on Tuesday, May 29th. Finally, Jefferies Financial Group restated a “buy” rating and set a $5.00 target price on shares of Zynga in a research report on Friday, May 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. Zynga currently has a consensus rating of “Hold” and a consensus target price of $4.47.
Shares of ZNGA stock opened at $4.07 on Thursday. Zynga has a 52 week low of $3.20 and a 52 week high of $4.57. The company has a market capitalization of $3.47 billion, a PE ratio of 135.67, a P/E/G ratio of 2.17 and a beta of 0.56.
In other Zynga news, Director Ellen F. Siminoff sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 24th. The shares were sold at an average price of $3.52, for a total value of $42,240.00. Following the completion of the transaction, the director now directly owns 229,321 shares in the company, valued at $807,209.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Matthew S. Bromberg sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $3.57, for a total transaction of $71,400.00. Following the completion of the transaction, the chief operating officer now owns 340,056 shares of the company’s stock, valued at $1,213,999.92. The disclosure for this sale can be found here. Insiders have sold 56,000 shares of company stock valued at $212,160 over the last 90 days. 11.87% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Allianz Asset Management GmbH boosted its position in shares of Zynga by 75.2% in the first quarter. Allianz Asset Management GmbH now owns 3,350,137 shares of the company’s stock worth $12,262,000 after purchasing an additional 1,438,155 shares during the period. Swiss National Bank boosted its position in shares of Zynga by 2.8% in the fourth quarter. Swiss National Bank now owns 1,322,953 shares of the company’s stock worth $5,292,000 after purchasing an additional 36,100 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Zynga by 317.1% in the fourth quarter. Teacher Retirement System of Texas now owns 265,929 shares of the company’s stock worth $1,064,000 after purchasing an additional 202,166 shares during the period. Stone Ridge Asset Management LLC bought a new position in shares of Zynga in the fourth quarter worth approximately $980,000. Finally, Geode Capital Management LLC boosted its position in shares of Zynga by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 7,021,666 shares of the company’s stock worth $28,086,000 after purchasing an additional 112,171 shares during the period. Institutional investors and hedge funds own 70.73% of the company’s stock.
Zynga Company Profile
Zynga Inc develops, markets, and operates social games as live services in the United States and internationally. The company's games are played on mobile platforms, such as iOS and Android operating systems, as well as on social networking sites, including Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual goods and sponsorships to advertising agencies and brokers; and software licensing and maintenance services related to NaturalMotion technology, as well as licenses its own brands.
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