Electronic Arts Inc. (NASDAQ:EA) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Electronic Arts Inc. (NASDAQ:EAGet Rating) have been given a consensus rating of “Moderate Buy” by the twenty-six analysts that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $155.75.

Several research analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Electronic Arts from $155.00 to $145.00 in a research report on Wednesday, May 11th. Robert W. Baird decreased their price target on shares of Electronic Arts from $165.00 to $140.00 in a research note on Wednesday, May 11th. StockNews.com raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday. Moffett Nathanson cut shares of Electronic Arts from a “buy” rating to a “neutral” rating and raised their price objective for the company from $141.00 to $147.00 in a research note on Friday, June 10th. Finally, Cowen cut their target price on shares of Electronic Arts from $180.00 to $158.00 in a report on Wednesday, May 11th.

In other news, CEO Andrew Wilson sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $128.58, for a total transaction of $1,285,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $131.26, for a total value of $105,008.00. Following the transaction, the insider now owns 29,314 shares of the company’s stock, valued at $3,847,755.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,438 shares of company stock worth $6,968,072. Company insiders own 0.65% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in EA. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Electronic Arts by 11.8% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 19,879 shares of the game software company’s stock worth $2,514,000 after purchasing an additional 2,100 shares during the period. Markel Corp acquired a new stake in Electronic Arts in the first quarter worth about $2,138,000. J.W. Cole Advisors Inc. acquired a new stake in Electronic Arts in the first quarter worth about $35,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of Electronic Arts by 56.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 87,909 shares of the game software company’s stock worth $11,121,000 after purchasing an additional 31,665 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Electronic Arts by 2.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 422,607 shares of the game software company’s stock worth $53,464,000 after purchasing an additional 12,000 shares during the last quarter. Institutional investors own 89.28% of the company’s stock.

Shares of NASDAQ:EA opened at $130.39 on Wednesday. The stock has a market capitalization of $36.50 billion, a PE ratio of 47.24, a P/E/G ratio of 2.09 and a beta of 0.81. Electronic Arts has a 1 year low of $109.24 and a 1 year high of $147.76. The firm has a fifty day moving average price of $128.34 and a 200 day moving average price of $129.11. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EAGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The game software company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.22). The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.77 billion. Electronic Arts had a net margin of 11.29% and a return on equity of 18.99%. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 EPS. On average, sell-side analysts forecast that Electronic Arts will post 5.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 22nd. Investors of record on Wednesday, June 8th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, June 7th. This represents a $0.76 annualized dividend and a yield of 0.58%. This is a boost from Electronic Arts’s previous quarterly dividend of $0.17. Electronic Arts’s payout ratio is 27.54%.

Electronic Arts Company Profile (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 license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.

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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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