Equities research analysts expect Take-Two Interactive Software, Inc. (NASDAQ:TTWO) to report $671.61 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Take-Two Interactive Software’s earnings, with the lowest sales estimate coming in at $638.70 million and the highest estimate coming in at $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 business is expected to report its next earnings report on Tuesday, February 6th.

On average, analysts expect that Take-Two Interactive Software will report full-year sales of $671.61 million for the current fiscal year, with estimates ranging from $1.98 billion to $2.13 billion. For the next year, analysts forecast that the firm will report sales of $2.97 billion per share, with estimates ranging from $2.53 billion to $3.48 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Take-Two Interactive Software.

A number of research firms have recently commented on TTWO. BMO Capital Markets increased their price target on shares of Take-Two Interactive Software from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Monday, November 13th. Stifel Nicolaus restated a “buy” rating and set a $135.00 price objective (up previously from $122.00) on shares of Take-Two Interactive Software in a research report on Thursday, November 9th. TheStreet downgraded shares of Take-Two Interactive Software from a “b” rating to a “c+” rating in a research report on Tuesday, November 7th. Barclays PLC increased their price objective on shares of Take-Two Interactive Software from $115.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. Finally, Bank of America Corporation increased their price objective on shares of Take-Two Interactive Software from $106.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Take-Two Interactive Software currently has an average rating of “Buy” and an average target price of $110.65.

In other news, CEO Strauss Zelnick sold 31,004 shares of the stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Dornemann sold 5,500 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 4,777 shares of the company’s stock, valued at $566,074.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,504 shares of company stock valued at $7,729,606. Corporate insiders own 1.55% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dupont Capital Management Corp purchased a new stake in shares of Take-Two Interactive Software in the third quarter worth $102,000. Invictus RG increased its stake in shares of Take-Two Interactive Software by 1,188.8% in the third quarter. Invictus RG now owns 1,031 shares of the company’s stock worth $105,000 after purchasing an additional 951 shares in the last quarter. Smithfield Trust Co. purchased a new stake in shares of Take-Two Interactive Software in the second quarter worth $125,000. Fortaleza Asset Management Inc. purchased a new stake in shares of Take-Two Interactive Software in the second quarter worth $134,000. Finally, Pittenger & Anderson Inc. increased its stake in shares of Take-Two Interactive Software by 124.1% in the third quarter. Pittenger & Anderson Inc. now owns 1,625 shares of the company’s stock worth $166,000 after purchasing an additional 900 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/11/18/take-two-interactive-software-inc-ttwo-expected-to-post-quarterly-sales-of-671-61-million.html.

Shares of Take-Two Interactive Software (NASDAQ TTWO) opened at $117.82 on Friday. Take-Two Interactive Software has a fifty-two week low of $46.27 and a fifty-two week high of $120.62. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04. The company has a market cap of $13,560.00, a P/E ratio of 46.44, a PEG ratio of 3.45 and a beta of 0.82.

Take-Two Interactive Software Company Profile

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.

Get a free copy of the Zacks research report on Take-Two Interactive Software (TTWO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Take-Two Interactive Software (NASDAQ:TTWO)

Receive News & Stock Ratings for Take-Two Interactive Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software Inc. and related stocks with our FREE daily email newsletter.