Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Electronic Arts (EA) Stock Price
Media stories about Electronic Arts (NASDAQ:EA) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Electronic Arts earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the game software company an impact score of 45.2696208092032 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s analysis:
- Cowen and Company Reaffirms “Hold” Rating for Electronic Arts Inc. (EA) (americanbankingnews.com)
- Here's How Digital Revenue Has Benefited Electronic Arts (finance.yahoo.com)
- Here’s How Digital Revenue Has Benefited Electronic Arts (fool.com)
- Comparing Electronic Arts (EA) & Square (SQ) (americanbankingnews.com)
- A Look at Profit Margins and Revenue Guidance for Electronic Arts (finance.yahoo.com)
EA has been the topic of several research analyst reports. Vetr upgraded Electronic Arts from a “sell” rating to a “hold” rating and set a $109.98 target price on the stock in a research note on Monday, May 15th. MKM Partners restated a “buy” rating and set a $112.00 target price (up from $109.00) on shares of Electronic Arts in a research note on Monday, May 15th. Credit Suisse Group restated a “buy” rating and set a $114.00 target price on shares of Electronic Arts in a research note on Sunday, May 28th. Morgan Stanley boosted their target price on Electronic Arts from $114.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 7th. Finally, Mizuho restated a “buy” rating and set a $115.00 target price on shares of Electronic Arts in a research note on Monday, June 12th. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $116.77.
Electronic Arts (NASDAQ EA) traded down 0.55% during trading on Friday, reaching $118.28. The company had a trading volume of 2,424,349 shares. The stock has a market capitalization of $36.52 billion, a price-to-earnings ratio of 31.67 and a beta of 0.68. Electronic Arts has a 1-year low of $73.74 and a 1-year high of $122.79. The firm has a 50-day moving average of $117.38 and a 200-day moving average of $104.16.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Thursday, July 27th. The game software company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.22. The firm had revenue of $775 million during the quarter, compared to the consensus estimate of $768.47 million. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. On average, analysts anticipate that Electronic Arts will post $4.24 EPS for the current fiscal year.
In related news, EVP Chris Bruzzo sold 1,500 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $105.98, for a total value of $158,970.00. Following the completion of the sale, the executive vice president now owns 33,345 shares in the company, valued at $3,533,903.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lawrence F. Probst III sold 55,850 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $121.18, for a total transaction of $6,767,903.00. Following the completion of the sale, the director now owns 171,123 shares of the company’s stock, valued at approximately $20,736,685.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 345,097 shares of company stock valued at $39,623,978. 2.55% of the stock is owned by insiders.
About Electronic Arts
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
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