Piper Jaffray Companies Brokers Reduce Earnings Estimates for Electronic Arts Inc. (EA)

Electronic Arts Inc. (NASDAQ:EA) – Equities research analysts at Piper Jaffray Companies lowered their Q1 2020 EPS estimates for Electronic Arts in a report issued on Wednesday, October 31st. Piper Jaffray Companies analyst M. Olson now forecasts that the game software company will post earnings of $0.27 per share for the quarter, down from their previous forecast of $0.28. Piper Jaffray Companies has a “Overweight” rating and a $148.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Electronic Arts’ Q2 2020 earnings at $0.76 EPS and Q3 2020 earnings at $2.21 EPS.

Several other research firms also recently weighed in on EA. Morgan Stanley boosted their target price on shares of Electronic Arts from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 11th. UBS Group raised shares of Electronic Arts to a “positive” rating in a research report on Thursday, July 12th. Wedbush reissued a “buy” rating and set a $158.00 target price on shares of Electronic Arts in a research report on Monday, July 23rd. Stifel Nicolaus boosted their target price on shares of Electronic Arts from $157.00 to $159.00 and gave the stock a “$146.56” rating in a research report on Monday, July 23rd. Finally, BidaskClub downgraded shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Electronic Arts presently has a consensus rating of “Buy” and an average price target of $134.68.

NASDAQ EA opened at $92.46 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.52 and a quick ratio of 3.84. The company has a market cap of $27.73 billion, a P/E ratio of 26.88, a PEG ratio of 1.57 and a beta of 0.96. Electronic Arts has a 52 week low of $89.12 and a 52 week high of $151.26.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, October 30th. The game software company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.37 by $0.46. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Electronic Arts had a net margin of 18.76% and a return on equity of 26.01%. Electronic Arts’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.62 EPS.

Several hedge funds have recently added to or reduced their stakes in EA. Xact Kapitalforvaltning AB boosted its holdings in Electronic Arts by 0.7% during the second quarter. Xact Kapitalforvaltning AB now owns 56,992 shares of the game software company’s stock worth $8,037,000 after buying an additional 371 shares in the last quarter. Motley Fool Asset Management LLC boosted its holdings in Electronic Arts by 13.8% during the second quarter. Motley Fool Asset Management LLC now owns 3,286 shares of the game software company’s stock worth $463,000 after buying an additional 399 shares in the last quarter. Braun Stacey Associates Inc. boosted its holdings in Electronic Arts by 0.4% during the second quarter. Braun Stacey Associates Inc. now owns 102,837 shares of the game software company’s stock worth $14,502,000 after buying an additional 460 shares in the last quarter. Kaizen Advisory LLC boosted its holdings in Electronic Arts by 159.5% during the second quarter. Kaizen Advisory LLC now owns 763 shares of the game software company’s stock worth $108,000 after buying an additional 469 shares in the last quarter. Finally, World Asset Management Inc boosted its holdings in Electronic Arts by 2.3% during the second quarter. World Asset Management Inc now owns 21,069 shares of the game software company’s stock worth $2,971,000 after buying an additional 470 shares in the last quarter. 93.41% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Blake J. Jorgensen sold 10,500 shares of the company’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $130.06, for a total value of $1,365,630.00. Following the sale, the chief financial officer now directly owns 135,991 shares of the company’s stock, valued at approximately $17,686,989.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 29,000 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $113.13, for a total transaction of $3,280,770.00. Following the completion of the sale, the chief executive officer now directly owns 20,000 shares in the company, valued at $2,262,600. The disclosure for this sale can be found here. Insiders sold a total of 99,500 shares of company stock worth $11,628,780 over the last ninety days. Insiders own 2.24% of the company’s stock.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Earnings History and Estimates for Electronic Arts (NASDAQ:EA)

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