Equities analysts expect that Electronic Arts Inc. (NASDAQ:EA) will announce earnings of $2.51 per share for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Electronic Arts’ earnings. The lowest EPS estimate is $2.46 and the highest is $2.55. Electronic Arts reported earnings per share of $2.08 in the same quarter last year, which indicates a positive year-over-year growth rate of 20.7%. The business is scheduled to announce its next earnings report on Tuesday, February 4th.

According to Zacks, analysts expect that Electronic Arts will report full year earnings of $4.70 per share for the current year, with EPS estimates ranging from $4.57 to $4.97. For the next fiscal year, analysts anticipate that the business will post earnings of $4.88 per share, with EPS estimates ranging from $4.60 to $5.04. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Electronic Arts.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 29th. The game software company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.08. Electronic Arts had a net margin of 54.01% and a return on equity of 17.54%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.24 billion.

A number of research analysts recently commented on the stock. Stephens reiterated a “buy” rating on shares of Electronic Arts in a research note on Wednesday, August 21st. SunTrust Banks upped their price target on shares of Electronic Arts from $107.00 to $113.00 and gave the company a “buy” rating in a research note on Monday. Piper Jaffray Companies decreased their price target on shares of Electronic Arts from $112.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Berenberg Bank set a $110.00 price target on shares of Electronic Arts and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Wedbush reiterated an “outperform” rating on shares of Electronic Arts in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nineteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $109.65.

Shares of Electronic Arts stock traded up $1.78 during trading on Monday, hitting $104.98. 514,607 shares of the stock were exchanged, compared to its average volume of 2,572,969. The stock has a market capitalization of $29.79 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 2.08 and a beta of 0.91. The company has a fifty day moving average price of $98.83 and a 200-day moving average price of $96.45. Electronic Arts has a 1-year low of $73.91 and a 1-year high of $108.80. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.14.

In other Electronic Arts news, CFO Blake J. Jorgensen sold 5,200 shares of Electronic Arts stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $102.11, for a total transaction of $530,972.00. Following the completion of the sale, the chief financial officer now directly owns 85,150 shares in the company, valued at $8,694,666.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 500 shares of Electronic Arts stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $97.81, for a total transaction of $48,905.00. Following the sale, the insider now owns 11,508 shares of the company’s stock, valued at $1,125,597.48. The disclosure for this sale can be found here. Insiders sold 62,300 shares of company stock valued at $6,115,105 in the last quarter. Corporate insiders own 2.18% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sandy Spring Bank lifted its stake in Electronic Arts by 52.4% during the 3rd quarter. Sandy Spring Bank now owns 320 shares of the game software company’s stock valued at $31,000 after acquiring an additional 110 shares during the period. GYL Financial Synergies LLC increased its holdings in Electronic Arts by 2.8% in the 2nd quarter. GYL Financial Synergies LLC now owns 4,355 shares of the game software company’s stock worth $441,000 after acquiring an additional 118 shares in the last quarter. Veritable L.P. increased its holdings in Electronic Arts by 1.9% in the 2nd quarter. Veritable L.P. now owns 6,584 shares of the game software company’s stock worth $667,000 after acquiring an additional 124 shares in the last quarter. Wetherby Asset Management Inc. increased its holdings in Electronic Arts by 3.3% in the 3rd quarter. Wetherby Asset Management Inc. now owns 5,205 shares of the game software company’s stock worth $509,000 after acquiring an additional 165 shares in the last quarter. Finally, Keybank National Association OH increased its holdings in Electronic Arts by 7.8% in the 3rd quarter. Keybank National Association OH now owns 2,660 shares of the game software company’s stock worth $260,000 after acquiring an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Earnings History and Estimates for Electronic Arts (NASDAQ:EA)

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