Electronic Arts Inc. (NASDAQ:EA) – Research analysts at William Blair decreased their Q3 2019 earnings per share estimates for shares of Electronic Arts in a research note issued on Wednesday, October 31st. William Blair analyst R. Schackart now forecasts that the game software company will earn $1.76 per share for the quarter, down from their previous estimate of $2.21. William Blair also issued estimates for Electronic Arts’ Q4 2019 earnings at $1.49 EPS, FY2019 earnings at $3.91 EPS and FY2020 earnings at $4.44 EPS.
EA has been the subject of several other research reports. Zacks Investment Research downgraded Electronic Arts from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Credit Suisse Group lifted their target price on Electronic Arts from $143.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, July 25th. BidaskClub cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. Wedbush reaffirmed a “buy” rating and set a $158.00 target price on shares of Electronic Arts in a research report on Monday, July 23rd. Finally, Piper Jaffray Companies lifted their target price on Electronic Arts to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, July 25th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $134.68.
NASDAQ EA opened at $92.69 on Monday. The company has a market cap of $28.18 billion, a PE ratio of 26.94, a PEG ratio of 1.59 and a beta of 0.96. Electronic Arts has a 52 week low of $89.12 and a 52 week high of $151.26. The company has a quick ratio of 3.84, a current ratio of 3.52 and a debt-to-equity ratio of 0.19.
Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, October 30th. The game software company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.46. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Electronic Arts had a return on equity of 26.01% and a net margin of 18.76%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 earnings per share.
Several large investors have recently added to or reduced their stakes in EA. Kaizen Advisory LLC increased its stake in Electronic Arts by 159.5% in the 2nd quarter. Kaizen Advisory LLC now owns 763 shares of the game software company’s stock worth $108,000 after acquiring an additional 469 shares during the last quarter. Alpha Windward LLC bought a new position in Electronic Arts in the 2nd quarter worth about $113,000. Sun Life Financial INC increased its stake in Electronic Arts by 389.4% in the 2nd quarter. Sun Life Financial INC now owns 832 shares of the game software company’s stock worth $117,000 after acquiring an additional 662 shares during the last quarter. Massey Quick Simon & CO. LLC increased its stake in Electronic Arts by 165.4% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 1,083 shares of the game software company’s stock worth $130,000 after acquiring an additional 675 shares during the last quarter. Finally, Stratos Wealth Partners LTD. bought a new position in Electronic Arts in the 3rd quarter worth about $134,000. Institutional investors own 94.21% of the company’s stock.
In other news, insider Chris Bruzzo sold 1,500 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $113.10, for a total transaction of $169,650.00. Following the transaction, the insider now owns 56,776 shares of the company’s stock, valued at approximately $6,421,365.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $3,280,770.00. Following the transaction, the chief executive officer now directly owns 20,000 shares in the company, valued at approximately $2,262,600. The disclosure for this sale can be found here. In the last three months, insiders sold 99,250 shares of company stock worth $11,226,348. 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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