Ubisoft Entertainment SA to Post FY2023 Earnings of $0.45 Per Share, KeyCorp Forecasts (OTCMKTS:UBSFY)

Ubisoft Entertainment SA (OTCMKTS:UBSFYGet Rating) – Equities researchers at KeyCorp dropped their FY2023 earnings per share estimates for Ubisoft Entertainment in a report released on Wednesday, May 11th. KeyCorp analyst T. Parker now forecasts that the company will post earnings of $0.45 per share for the year, down from their previous estimate of $0.52. KeyCorp also issued estimates for Ubisoft Entertainment’s FY2024 earnings at $0.60 EPS.

Several other brokerages have also recently issued reports on UBSFY. Barclays upped their price target on shares of Ubisoft Entertainment from €38.10 ($40.11) to €40.00 ($42.11) and gave the company an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. cut their target price on shares of Ubisoft Entertainment from €55.00 ($57.89) to €53.00 ($55.79) and set an “overweight” rating on the stock in a research note on Friday. Benchmark raised shares of Ubisoft Entertainment from a “sell” rating to a “hold” rating in a research note on Tuesday, February 22nd. Finally, Zacks Investment Research raised shares of Ubisoft Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, May 7th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $52.00.

OTCMKTS UBSFY traded up $0.17 on Friday, hitting $8.70. The company’s stock had a trading volume of 124,291 shares, compared to its average volume of 195,314. The company has a current ratio of 2.24, a quick ratio of 2.18 and a debt-to-equity ratio of 1.09. Ubisoft Entertainment has a 1-year low of $7.36 and a 1-year high of $14.84. The company’s 50-day moving average is $8.74 and its 200 day moving average is $9.77.

About Ubisoft Entertainment (Get Rating)

Ubisoft Entertainment SA produce, publishes, and distributes video games for consoles, PC, smartphones, and tablets in both physical and digital formats worldwide. The company designs and develops software, including scenarios, animation, gameplay, layouts, and game rules, as well as develops design tools and game engines.

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Earnings History and Estimates for Ubisoft Entertainment (OTCMKTS:UBSFY)

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