Electronic Arts (NASDAQ:EA) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided EPS guidance of $4.50-4.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.61. The company issued revenue guidance of $5.2-5.2 billion, compared to the consensus revenue estimate of $5.27 billion.Electronic Arts also updated its Q3 2019 guidance to $1.90-1.90 EPS.
NASDAQ EA traded up $3.64 on Tuesday, reaching $94.83. 5,738,336 shares of the company were exchanged, compared to its average volume of 3,837,951. The firm has a market capitalization of $29.33 billion, a P/E ratio of 27.57, a price-to-earnings-growth ratio of 1.65 and a beta of 0.58. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.84 and a current ratio of 3.84. Electronic Arts has a fifty-two week low of $89.12 and a fifty-two week high of $151.26.
A number of equities research analysts have commented on the company. Zacks Investment Research downgraded Electronic Arts from a hold rating to a sell rating in a research report on Wednesday, September 26th. Credit Suisse Group lifted their target price on Electronic Arts from $143.00 to $155.00 and gave the company an outperform rating in a research report on Wednesday, July 25th. BidaskClub downgraded Electronic Arts from a strong-buy rating to a buy rating in a research report on Wednesday, July 25th. Wedbush restated a buy rating and issued a $158.00 target price on shares of Electronic Arts in a research report on Monday, July 23rd. Finally, Piper Jaffray Companies lifted their target price on Electronic Arts to $165.00 and gave the company an overweight rating in a research report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Electronic Arts has an average rating of Buy and an average price target of $141.87.
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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