Activision Blizzard (ATVI) Updates Q4 2018 Earnings Guidance
Activision Blizzard (NASDAQ:ATVI) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.27-1.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.34. Activision Blizzard also updated its FY 2018 guidance to $2.58-2.58 EPS.
Shares of Activision Blizzard stock opened at $55.01 on Friday. Activision Blizzard has a 12-month low of $53.50 and a 12-month high of $84.68. The company has a quick ratio of 2.96, a current ratio of 2.98 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $49.63 billion, a PE ratio of 26.83, a P/E/G ratio of 1.73 and a beta of 1.11.
Activision Blizzard (NASDAQ:ATVI) last issued its earnings results on Thursday, November 8th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). Activision Blizzard had a net margin of 6.96% and a return on equity of 16.39%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the company posted $0.25 EPS. The company’s quarterly revenue was down 12.6% on a year-over-year basis. As a group, research analysts expect that Activision Blizzard will post 2.49 earnings per share for the current year.
In other news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $68.70, for a total value of $1,357,580.70. Following the completion of the sale, the chief executive officer now owns 20,324 shares in the company, valued at approximately $1,396,258.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.29% of the stock is currently owned by company insiders.
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Activision Blizzard Company Profile
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
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