Zacks: Analysts Anticipate Electronic Arts Inc. (NASDAQ:EA) to Announce $1.45 EPS

Brokerages expect Electronic Arts Inc. (NASDAQ:EAGet Rating) to post earnings per share of $1.45 for the current quarter, according to Zacks. Eight analysts have provided estimates for Electronic Arts’ earnings. The highest EPS estimate is $1.71 and the lowest is $1.35. Electronic Arts reported earnings per share of $1.03 during the same quarter last year, which suggests a positive year over year growth rate of 40.8%. The firm is expected to announce its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Electronic Arts will report full year earnings of $6.99 per share for the current fiscal year, with EPS estimates ranging from $6.93 to $7.11. For the next year, analysts expect that the firm will report earnings of $7.53 per share, with EPS estimates ranging from $7.10 to $7.93. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover 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, meeting the consensus estimate of $2.80. Electronic Arts had a return on equity of 18.59% and a net margin of 9.83%. The firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the prior year, the firm posted $2.78 earnings per share. Electronic Arts’s revenue for the quarter was up 7.4% compared to the same quarter last year.

Several brokerages have issued reports on EA. Raymond James cut their price objective on Electronic Arts from $185.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 2nd. Barclays cut their price objective on Electronic Arts from $152.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 2nd. Morgan Stanley dropped their price target on Electronic Arts from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 19th. Wedbush dropped their price target on Electronic Arts from $200.00 to $180.00 and set an “outperform” rating on the stock in a research report on Thursday, January 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Electronic Arts from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 2nd. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $160.63.

NASDAQ EA traded down $4.32 on Friday, hitting $115.29. 2,122,030 shares of the stock traded hands, compared to its average volume of 2,064,534. The stock has a 50-day moving average of $124.39 and a 200 day moving average of $130.06. Electronic Arts has a twelve month low of $114.39 and a twelve month high of $148.93. The company has a market capitalization of $32.42 billion, a P/E ratio of 51.93, a price-to-earnings-growth ratio of 1.62 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.

In other Electronic Arts news, CFO Blake J. Jorgensen sold 3,315 shares of the stock in a transaction on Wednesday, February 9th. The stock was sold at an average price of $134.75, for a total transaction of $446,696.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $118.75, for a total value of $95,000.00. Following the transaction, the insider now directly owns 19,517 shares of the company’s stock, valued at $2,317,643.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,015 shares of company stock valued at $6,094,555. 0.65% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EA. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Electronic Arts by 164.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,075,262 shares of the game software company’s stock worth $579,706,000 after acquiring an additional 2,533,431 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of Electronic Arts by 136.0% during the 4th quarter. Brown Advisory Inc. now owns 2,933,340 shares of the game software company’s stock worth $386,907,000 after acquiring an additional 1,690,224 shares in the last quarter. Norges Bank bought a new stake in shares of Electronic Arts during the 4th quarter worth $218,333,000. Wellington Management Group LLP boosted its stake in shares of Electronic Arts by 78.9% during the 3rd quarter. Wellington Management Group LLP now owns 3,590,849 shares of the game software company’s stock worth $510,797,000 after acquiring an additional 1,583,494 shares in the last quarter. Finally, AustralianSuper Pty Ltd lifted its holdings in shares of Electronic Arts by 647.2% in the third quarter. AustralianSuper Pty Ltd now owns 1,478,991 shares of the game software company’s stock valued at $210,386,000 after purchasing an additional 1,281,053 shares in the last quarter. 89.28% of the stock is owned by institutional investors and hedge funds.

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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