Brokerages Expect Take-Two Interactive Software Inc (TTWO) Will Announce Quarterly Sales of $671.61 Million

Equities analysts predict that Take-Two Interactive Software Inc (NASDAQ:TTWO) will report $671.61 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Take-Two Interactive Software’s earnings, with estimates ranging from $638.70 million to $701.70 million. Take-Two Interactive Software posted sales of $476.47 million during the same quarter last year, which suggests a positive year-over-year growth rate of 41%. The company is scheduled to announce its next earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that Take-Two Interactive Software will report full year sales of $671.61 million for the current year, with estimates ranging from $1.98 billion to $2.13 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.97 billion per share, with estimates ranging from $2.53 billion to $3.48 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Take-Two Interactive Software.

A number of brokerages have recently issued reports on TTWO. Oppenheimer restated a “buy” rating and set a $112.00 price objective (up from $93.00) on shares of Take-Two Interactive Software in a research report on Monday, September 25th. Buckingham Research began coverage on Take-Two Interactive Software in a research report on Wednesday, September 20th. They set a “buy” rating and a $120.00 price objective for the company. MKM Partners raised their price objective on Take-Two Interactive Software from $97.00 to $122.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. ValuEngine downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Robert W. Baird raised Take-Two Interactive Software from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $90.00 to $137.00 in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $114.23.

Take-Two Interactive Software (TTWO) opened at $109.14 on Friday. Take-Two Interactive Software has a 1 year low of $48.58 and a 1 year high of $120.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.33 and a quick ratio of 1.31. The company has a market capitalization of $12,598.31, a PE ratio of 104.94, a price-to-earnings-growth ratio of 3.20 and a beta of 0.81.

In related news, Director Michael Dornemann sold 5,500 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $118.50, for a total transaction of $651,750.00. Following the transaction, the director now owns 4,777 shares of the company’s stock, valued at $566,074.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Strauss Zelnick sold 31,004 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $116.49, for a total value of $3,611,655.96. The disclosure for this sale can be found here. Insiders sold 66,504 shares of company stock valued at $7,729,606 in the last three months. Insiders own 1.55% of the company’s stock.

Several large investors have recently made changes to their positions in TTWO. J.P. Marvel Investment Advisors LLC raised its stake in shares of Take-Two Interactive Software by 0.3% in the second quarter. J.P. Marvel Investment Advisors LLC now owns 21,158 shares of the company’s stock valued at $1,553,000 after buying an additional 63 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Take-Two Interactive Software by 2.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,154 shares of the company’s stock valued at $1,112,000 after buying an additional 340 shares during the period. Symphony Asset Management LLC raised its stake in shares of Take-Two Interactive Software by 4.1% in the second quarter. Symphony Asset Management LLC now owns 12,653 shares of the company’s stock valued at $929,000 after buying an additional 493 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Take-Two Interactive Software by 0.3% in the third quarter. Teacher Retirement System of Texas now owns 183,981 shares of the company’s stock valued at $18,808,000 after buying an additional 562 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Take-Two Interactive Software by 1.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 38,280 shares of the company’s stock valued at $3,913,000 after buying an additional 655 shares during the period. 91.15% of the stock is currently owned by institutional investors.

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About Take-Two Interactive Software

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

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