TAKE-TWO INTERACTIVE SOFTWARE (TTWO) Releases Q3 2019 Earnings Guidance

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) updated its third quarter 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.50-2.60 for the period, compared to the Thomson Reuters consensus estimate of $2.59. The company issued revenue guidance of $1.4-1.45 billion, compared to the consensus revenue estimate of $1.35 billion.TAKE-TWO INTERACTIVE SOFTWARE also updated its FY 2019 guidance to $4.50-4.74 EPS.

A number of research firms recently commented on TTWO. BidaskClub raised shares of TAKE-TWO INTERACTIVE SOFTWARE from a hold rating to a buy rating in a report on Friday, September 14th. Bank of America lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $143.00 to $151.00 and gave the stock a buy rating in a report on Thursday, August 30th. Stifel Nicolaus lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $137.00 to $144.00 and gave the stock a buy rating in a report on Tuesday, September 11th. Sanford C. Bernstein began coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Tuesday, October 9th. They issued an outperform rating and a $175.00 price target on the stock. Finally, Wedbush set a $132.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a buy rating in a report on Thursday, July 26th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $144.94.

Shares of TTWO stock opened at $119.14 on Friday. TAKE-TWO INTERACTIVE SOFTWARE has a 1 year low of $92.81 and a 1 year high of $139.91. The firm has a market cap of $14.08 billion, a price-to-earnings ratio of 68.08, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its earnings results on Wednesday, November 7th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.16. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 10.49% and a return on equity of 18.54%. The business had revenue of $583.42 million for the quarter, compared to analysts’ expectations of $549.87 million. During the same quarter in the previous year, the firm posted $1.09 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities research analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE will post 2.98 earnings per share for the current fiscal year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, Director Michael Sheresky sold 295 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $129.07, for a total transaction of $38,075.65. Following the sale, the director now owns 69,168 shares of the company’s stock, valued at approximately $8,927,513.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Daniel P. Emerson sold 13,268 shares of the business’s stock in a transaction on Wednesday, October 10th. The shares were sold at an average price of $123.63, for a total transaction of $1,640,322.84. The disclosure for this sale can be found here. Insiders have sold a total of 36,463 shares of company stock worth $4,664,100 in the last three months. Insiders own 1.07% of the company’s stock.

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About TAKE-TWO INTERACTIVE SOFTWARE

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Earnings History and Estimates for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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