FY2022 EPS Estimates for Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Lowered by KeyCorp

Take-Two Interactive Software, Inc. (NASDAQ:TTWOGet Rating) – Investment analysts at KeyCorp decreased their FY2022 earnings estimates for shares of Take-Two Interactive Software in a research note issued to investors on Wednesday, April 27th. KeyCorp analyst T. Parker now anticipates that the company will earn $3.53 per share for the year, down from their prior forecast of $3.59. KeyCorp currently has a “Overweight” rating and a $190.00 price target on the stock. KeyCorp also issued estimates for Take-Two Interactive Software’s Q4 2022 earnings at $0.58 EPS, Q1 2023 earnings at $0.00 EPS, Q2 2023 earnings at $1.70 EPS, Q3 2023 earnings at $1.39 EPS, Q4 2023 earnings at $0.01 EPS and FY2023 earnings at $3.11 EPS.

A number of other equities research analysts also recently commented on TTWO. Deutsche Bank Aktiengesellschaft dropped their price objective on Take-Two Interactive Software from $225.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday, February 9th. Wedbush lowered their price target on Take-Two Interactive Software from $222.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, January 27th. Moffett Nathanson cut Take-Two Interactive Software from a “buy” rating to a “neutral” rating and set a $170.00 price objective for the company. in a research report on Tuesday, January 11th. BMO Capital Markets raised Take-Two Interactive Software from a “market perform” rating to an “outperform” rating and set a $180.00 price objective for the company in a research report on Wednesday, January 12th. Finally, StockNews.com initiated coverage on Take-Two Interactive Software in a research report on Thursday, March 31st. They set a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $196.67.

Shares of TTWO opened at $119.51 on Monday. Take-Two Interactive Software has a 12-month low of $119.12 and a 12-month high of $195.82. The firm has a market capitalization of $13.80 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 2.22 and a beta of 0.64. The stock’s fifty day simple moving average is $147.68 and its 200-day simple moving average is $162.64.

Take-Two Interactive Software (NASDAQ:TTWOGet Rating) last announced its quarterly earnings results on Monday, February 7th. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.31. The business had revenue of $866.12 million for the quarter, compared to analyst estimates of $867.93 million. Take-Two Interactive Software had a return on equity of 15.63% and a net margin of 15.40%. Take-Two Interactive Software’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 EPS.

Several hedge funds have recently modified their holdings of the stock. Illinois Municipal Retirement Fund increased its holdings in shares of Take-Two Interactive Software by 6.7% in the first quarter. Illinois Municipal Retirement Fund now owns 59,052 shares of the company’s stock worth $9,079,000 after buying an additional 3,691 shares during the period. Emerald Advisers LLC grew its stake in shares of Take-Two Interactive Software by 33.3% in the first quarter. Emerald Advisers LLC now owns 6,364 shares of the company’s stock worth $978,000 after purchasing an additional 1,589 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Take-Two Interactive Software by 15.2% in the first quarter. Daiwa Securities Group Inc. now owns 17,976 shares of the company’s stock worth $2,764,000 after purchasing an additional 2,370 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Take-Two Interactive Software by 2.0% in the first quarter. Nisa Investment Advisors LLC now owns 40,924 shares of the company’s stock worth $6,292,000 after purchasing an additional 800 shares during the last quarter. Finally, Asio Capital LLC grew its stake in shares of Take-Two Interactive Software by 15.8% in the first quarter. Asio Capital LLC now owns 22,540 shares of the company’s stock worth $3,465,000 after purchasing an additional 3,068 shares during the last quarter. Institutional investors own 84.68% of the company’s stock.

In other news, President Karl Slatoff sold 152,373 shares of the firm’s stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $138.64, for a total value of $21,124,992.72. Following the completion of the transaction, the president now directly owns 437,067 shares of the company’s stock, valued at $60,594,968.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

About Take-Two Interactive Software (Get Rating)

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, Social Point, and Playdots labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content.

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Earnings History and Estimates for Take-Two Interactive Software (NASDAQ:TTWO)

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