Zacks: Analysts Expect Electronic Arts Inc. (EA) to Post $1.16 EPS
Wall Street analysts expect Electronic Arts Inc. (NASDAQ:EA) to report $1.16 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Electronic Arts’ earnings. The highest EPS estimate is $1.21 and the lowest is $1.10. Electronic Arts posted earnings per share of $0.72 in the same quarter last year, which indicates a positive year-over-year growth rate of 61.1%. The business is expected to report its next quarterly earnings report on Tuesday, May 8th.
On average, analysts expect that Electronic Arts will report full year earnings of $4.27 per share for the current financial year, with EPS estimates ranging from $4.21 to $4.33. For the next financial year, analysts forecast that the business will report earnings of $4.99 per share, with EPS estimates ranging from $4.75 to $5.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Electronic Arts.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.03. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.02 billion. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%.
In other Electronic Arts news, CEO Andrew Wilson sold 9,000 shares of Electronic Arts stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $108.69, for a total transaction of $978,210.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Vijayanthimala Singh sold 200 shares of Electronic Arts stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $126.75, for a total transaction of $25,350.00. Following the sale, the senior vice president now owns 4,528 shares in the company, valued at approximately $573,924. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,279 shares of company stock worth $9,809,588. 2.55% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cerebellum GP LLC acquired a new stake in shares of Electronic Arts in the 4th quarter valued at $129,000. First Bank & Trust acquired a new stake in shares of Electronic Arts in the 4th quarter valued at $134,000. Exane Derivatives acquired a new stake in shares of Electronic Arts in the 4th quarter valued at $142,000. Bessemer Group Inc. boosted its stake in shares of Electronic Arts by 144.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after purchasing an additional 783 shares in the last quarter. Finally, Dupont Capital Management Corp acquired a new stake in shares of Electronic Arts in the 3rd quarter valued at $183,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.
Shares of Electronic Arts (NASDAQ EA) traded down $0.33 on Friday, reaching $128.49. 2,573,825 shares of the company traded hands, compared to its average volume of 4,230,000. The company has a market capitalization of $39,410.00, a price-to-earnings ratio of 34.92, a PEG ratio of 2.34 and a beta of 0.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.92 and a current ratio of 1.92. Electronic Arts has a 52-week low of $87.90 and a 52-week high of $131.01.
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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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