$1.45 EPS Expected for Electronic Arts Inc. (NASDAQ:EA) This Quarter

Brokerages expect Electronic Arts Inc. (NASDAQ:EAGet Rating) to report earnings per share of $1.45 for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Electronic Arts’ earnings, with the highest EPS estimate coming in at $1.71 and the lowest estimate coming in at $1.37. Electronic Arts posted earnings of $1.03 per share in the same quarter last year, which indicates a positive year over year growth rate of 40.8%. The business is expected to issue its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Electronic Arts will report full-year earnings of $7.04 per share for the current year, with EPS estimates ranging from $6.93 to $7.56. For the next year, analysts expect that the firm will post earnings of $7.61 per share, with EPS estimates ranging from $7.40 to $8.02. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Electronic Arts.

Electronic Arts (NASDAQ:EAGet Rating) last announced its quarterly earnings data on Tuesday, February 1st. The game software company reported $2.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.80. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.66 billion. Electronic Arts had a return on equity of 18.59% and a net margin of 9.83%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.78 EPS.

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Electronic Arts from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 2nd. Raymond James reduced their price objective on Electronic Arts from $185.00 to $158.00 and set an “outperform” rating for the company in a research note on Wednesday, February 2nd. Atlantic Securities raised Electronic Arts from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a research report on Wednesday, January 19th. KeyCorp dropped their target price on Electronic Arts from $180.00 to $165.00 and set an “overweight” rating on the stock in a research report on Friday, January 28th. Finally, Barclays dropped their target price on Electronic Arts from $152.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 2nd. Five research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $161.81.

Shares of Electronic Arts stock opened at $122.16 on Friday. The stock has a 50-day moving average price of $126.78 and a 200 day moving average price of $131.45. The company has a market cap of $34.35 billion, a P/E ratio of 55.03, a P/E/G ratio of 1.57 and a beta of 0.83. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.25. Electronic Arts has a 1 year low of $117.58 and a 1 year high of $148.93.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 23rd. Shareholders of record on Wednesday, March 9th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Tuesday, March 8th. Electronic Arts’s dividend payout ratio (DPR) is currently 30.63%.

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of $126.85, for a total value of $101,480.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Laura Miele sold 3,100 shares of the firm’s stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $124.91, for a total value of $387,221.00. Following the completion of the sale, the chief operating officer now directly owns 23,429 shares in the company, valued at approximately $2,926,516.39. The disclosure for this sale can be found here. Insiders sold a total of 47,015 shares of company stock worth $6,101,338 in the last ninety days. Insiders own 0.65% of the company’s stock.

Several hedge funds have recently made changes to their positions in the business. Family Legacy Inc. lifted its position in shares of Electronic Arts by 2.8% in the 1st quarter. Family Legacy Inc. now owns 3,171 shares of the game software company’s stock worth $401,000 after acquiring an additional 85 shares during the period. Rothschild Investment Corp IL lifted its position in shares of Electronic Arts by 2.0% in the 1st quarter. Rothschild Investment Corp IL now owns 7,485 shares of the game software company’s stock worth $947,000 after acquiring an additional 150 shares during the period. Cerro Pacific Wealth Advisors LLC lifted its position in shares of Electronic Arts by 5.7% in the 1st quarter. Cerro Pacific Wealth Advisors LLC now owns 2,444 shares of the game software company’s stock worth $309,000 after acquiring an additional 131 shares during the period. IFM Investors Pty Ltd lifted its position in shares of Electronic Arts by 16.1% in the 1st quarter. IFM Investors Pty Ltd now owns 42,794 shares of the game software company’s stock worth $5,414,000 after acquiring an additional 5,920 shares during the period. Finally, Foster Victor Wealth Advisors LLC lifted its position in shares of Electronic Arts by 20.8% in the 1st quarter. Foster Victor Wealth Advisors LLC now owns 54,756 shares of the game software company’s stock worth $6,836,000 after acquiring an additional 9,419 shares during the period. Institutional investors own 89.69% of the company’s stock.

About Electronic Arts (Get Rating)

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

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

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