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.

Several research analysts have recently issued reports on ATVI shares. Piper Jaffray Companies restated an overweight rating and issued a $88.00 target price on shares of Activision Blizzard in a report on Wednesday, September 26th. Credit Suisse Group decreased their price target on shares of Activision Blizzard from $85.00 to $79.00 and set an outperform rating for the company in a research note on Friday. BidaskClub cut shares of Activision Blizzard from a hold rating to a sell rating in a research note on Thursday. Wedbush set a $81.00 price target on shares of Activision Blizzard and gave the stock a buy rating in a research note on Thursday, July 26th. Finally, Oppenheimer decreased their price target on shares of Activision Blizzard from $87.00 to $68.00 and set an outperform rating for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Activision Blizzard presently has a consensus rating of Buy and an average price target of $77.62.

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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Earnings History and Estimates for Activision Blizzard (NASDAQ:ATVI)

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