$0.60 EPS Expected for Electronic Arts Inc. (EA) This Quarter

Equities research analysts predict that Electronic Arts Inc. (NASDAQ:EA) will post earnings of $0.60 per share for the current quarter, Zacks reports. Eleven analysts have issued estimates for Electronic Arts’ earnings. The lowest EPS estimate is $0.52 and the highest is $0.70. Electronic Arts reported earnings of $0.66 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 9.1%. The business is scheduled to issue its next earnings report on Tuesday, October 30th.

According to Zacks, analysts expect that Electronic Arts will report full-year earnings of $5.03 per share for the current financial year, with EPS estimates ranging from $4.87 to $5.28. For the next year, analysts forecast that the firm will post earnings of $5.66 per share, with EPS estimates ranging from $5.32 to $6.07. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Electronic Arts.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Thursday, July 26th. The game software company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.19. Electronic Arts had a return on equity of 25.31% and a net margin of 14.30%. The business had revenue of $749.00 million during the quarter, compared to analysts’ expectations of $742.86 million. During the same quarter in the prior year, the firm earned $2.06 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year.

EA has been the subject of a number of recent research reports. BidaskClub raised Electronic Arts from a “hold” rating to a “buy” rating in a report on Saturday, May 12th. Credit Suisse Group increased their price target on Electronic Arts from $143.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, July 25th. Wedbush reissued a “buy” rating and issued a $158.00 price target on shares of Electronic Arts in a research note on Monday, July 23rd. Piper Jaffray Companies increased their price target on Electronic Arts to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, July 25th. Finally, Morgan Stanley increased their price target on Electronic Arts from $126.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 11th. Five equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $147.95.

Shares of EA opened at $131.32 on Tuesday. Electronic Arts has a 12-month low of $99.63 and a 12-month high of $151.26. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $40.03 billion, a price-to-earnings ratio of 38.17, a PEG ratio of 2.04 and a beta of 0.61.

In related news, CEO Andrew Wilson sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $128.35, for a total transaction of $2,567,000.00. Following the completion of the sale, the chief executive officer now owns 20,000 shares of the company’s stock, valued at $2,567,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Blake J. Jorgensen sold 10,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $130.06, for a total value of $1,365,630.00. Following the sale, the chief financial officer now directly owns 135,991 shares of the company’s stock, valued at approximately $17,686,989.46. The disclosure for this sale can be found here. Insiders have sold 205,692 shares of company stock valued at $27,399,480 in the last ninety days. 2.24% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kaizen Advisory LLC boosted its holdings in Electronic Arts by 159.5% in the second quarter. Kaizen Advisory LLC now owns 763 shares of the game software company’s stock worth $108,000 after acquiring an additional 469 shares in the last quarter. Alpha Windward LLC bought a new position in Electronic Arts in the second quarter worth approximately $113,000. Private Capital Group LLC boosted its holdings in Electronic Arts by 781.5% in the first quarter. Private Capital Group LLC now owns 952 shares of the game software company’s stock worth $115,000 after acquiring an additional 844 shares in the last quarter. Sun Life Financial INC boosted its holdings in Electronic Arts by 389.4% in the second quarter. Sun Life Financial INC now owns 832 shares of the game software company’s stock worth $117,000 after acquiring an additional 662 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Electronic Arts by 33,333.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,003 shares of the game software company’s stock worth $122,000 after acquiring an additional 1,000 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Earnings History and Estimates for Electronic Arts (NASDAQ:EA)

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