Take-Two Interactive Software (TTWO) to Release Quarterly Earnings on Monday

Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, August 8th. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Take-Two Interactive Software has set its FY 2023 guidance at $4.20-$4.45 EPS and its Q1 2023 guidance at $0.60-$0.70 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last released its quarterly earnings results on Monday, May 16th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.71 by $0.16. The business had revenue of $845.78 million for the quarter, compared to analyst estimates of $884.62 million. Take-Two Interactive Software had a net margin of 11.93% and a return on equity of 12.63%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.66 earnings per share. On average, analysts expect Take-Two Interactive Software to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Take-Two Interactive Software Price Performance

TTWO stock opened at $132.73 on Monday. The company’s 50 day simple moving average is $126.66 and its 200-day simple moving average is $139.99. The firm has a market capitalization of $15.37 billion, a PE ratio of 37.08, a P/E/G ratio of 1.66 and a beta of 0.74. Take-Two Interactive Software has a 12 month low of $101.85 and a 12 month high of $195.82.

Analyst Ratings Changes

TTWO has been the topic of a number of analyst reports. UBS Group decreased their target price on shares of Take-Two Interactive Software from $185.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 29th. Bank of America initiated coverage on shares of Take-Two Interactive Software in a research report on Wednesday, April 6th. They set a “buy” rating on the stock. JPMorgan Chase & Co. assumed coverage on shares of Take-Two Interactive Software in a research report on Thursday, June 9th. They set an “overweight” rating and a $175.00 target price on the stock. Cowen decreased their price target on shares of Take-Two Interactive Software to $185.00 and set a “na” rating on the stock in a report on Tuesday, May 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Take-Two Interactive Software from $215.00 to $200.00 in a report on Wednesday, May 25th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $176.48.

Insider Activity

In related news, insider Daniel P. Emerson sold 3,381 shares of Take-Two Interactive Software stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $124.23, for a total transaction of $420,021.63. Following the sale, the insider now owns 92,191 shares of the company’s stock, valued at approximately $11,452,887.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Daniel P. Emerson sold 3,381 shares of Take-Two Interactive Software stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $124.23, for a total transaction of $420,021.63. Following the sale, the insider now owns 92,191 shares of the company’s stock, valued at approximately $11,452,887.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel P. Emerson sold 3,125 shares of Take-Two Interactive Software stock in a transaction on Monday, June 6th. The stock was sold at an average price of $127.78, for a total transaction of $399,312.50. Following the sale, the insider now directly owns 95,572 shares in the company, valued at approximately $12,212,190.16. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Take-Two Interactive Software by 1.5% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,390 shares of the company’s stock worth $1,905,000 after acquiring an additional 180 shares in the last quarter. First Republic Investment Management Inc. grew its holdings in Take-Two Interactive Software by 8.2% during the 1st quarter. First Republic Investment Management Inc. now owns 3,156 shares of the company’s stock worth $485,000 after acquiring an additional 240 shares in the last quarter. Yousif Capital Management LLC grew its holdings in Take-Two Interactive Software by 1.8% during the 1st quarter. Yousif Capital Management LLC now owns 16,817 shares of the company’s stock worth $2,585,000 after acquiring an additional 300 shares in the last quarter. West Family Investments Inc. grew its holdings in Take-Two Interactive Software by 22.9% during the 1st quarter. West Family Investments Inc. now owns 2,117 shares of the company’s stock worth $325,000 after acquiring an additional 394 shares in the last quarter. Finally, Ethic Inc. grew its holdings in Take-Two Interactive Software by 13.2% during the 1st quarter. Ethic Inc. now owns 3,615 shares of the company’s stock worth $556,000 after acquiring an additional 422 shares in the last quarter. 88.08% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Company Profile

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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, and T2 Mobile Games names. 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, as well as develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises.