Analysts Expect Electronic Arts Inc. (NASDAQ:EA) Will Post Quarterly Sales of $1.27 Billion

Equities analysts expect that Electronic Arts Inc. (NASDAQ:EA) will report $1.27 billion in sales for the current quarter, Zacks reports. Nine analysts have issued estimates for Electronic Arts’ earnings, with estimates ranging from $1.20 billion to $1.30 billion. Electronic Arts posted sales of $1.39 billion during the same quarter last year, which suggests a negative year over year growth rate of 8.6%. The business is scheduled to issue its next earnings results on Thursday, July 29th.

According to Zacks, analysts expect that Electronic Arts will report full-year sales of $7.36 billion for the current fiscal year, with estimates ranging from $7.30 billion to $7.42 billion. For the next financial year, analysts expect that the firm will report sales of $7.82 billion, with estimates ranging from $7.50 billion to $8.05 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Electronic Arts.

Electronic Arts (NASDAQ:EA) last released its earnings results on Monday, May 10th. The game software company reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.18. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Electronic Arts had a return on equity of 16.74% and a net margin of 14.87%. Electronic Arts’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 EPS.

EA has been the subject of several analyst reports. TheStreet cut Electronic Arts from a “b” rating to a “c+” rating in a research report on Tuesday, May 11th. BMO Capital Markets upped their price objective on Electronic Arts from $143.00 to $150.00 and gave the stock a “market perform” rating in a research report on Friday, May 14th. Benchmark upped their price objective on Electronic Arts from $177.00 to $181.00 and gave the stock a “buy” rating in a research report on Wednesday, May 12th. KeyCorp upped their price objective on Electronic Arts from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, April 22nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $165.00 target price on shares of Electronic Arts in a research report on Wednesday, May 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $157.81.

Shares of NASDAQ:EA traded down $0.16 on Friday, hitting $145.66. 3,276,943 shares of the company’s stock were exchanged, compared to its average volume of 2,564,472. The stock’s 50-day moving average is $141.59. The stock has a market capitalization of $41.69 billion, a P/E ratio of 50.99, a PEG ratio of 4.45 and a beta of 0.89. Electronic Arts has a 1-year low of $110.15 and a 1-year high of $150.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.43 and a quick ratio of 2.43.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 23rd. Stockholders of record on Wednesday, June 2nd will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Tuesday, June 1st. Electronic Arts’s dividend payout ratio (DPR) is 14.98%.

In other news, General Counsel Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Monday, March 22nd. The stock was sold at an average price of $129.42, for a total transaction of $129,420.00. Following the completion of the transaction, the general counsel now directly owns 14,860 shares of the company’s stock, valued at approximately $1,923,181.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $136.73, for a total value of $109,384.00. Following the completion of the transaction, the insider now directly owns 20,110 shares of the company’s stock, valued at $2,749,640.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,712 shares of company stock valued at $15,206,135. Company insiders own 0.92% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SOA Wealth Advisors LLC. purchased a new position in Electronic Arts in the 4th quarter valued at approximately $28,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in Electronic Arts in the 1st quarter valued at approximately $30,000. Winslow Evans & Crocker Inc. increased its stake in Electronic Arts by 81.3% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 223 shares of the game software company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Aspire Private Capital LLC increased its stake in Electronic Arts by 2,566.7% in the 1st quarter. Aspire Private Capital LLC now owns 240 shares of the game software company’s stock valued at $32,000 after purchasing an additional 231 shares in the last quarter. Finally, McIlrath & Eck LLC increased its stake in Electronic Arts by 72.9% in the 4th quarter. McIlrath & Eck LLC now owns 230 shares of the game software company’s stock valued at $33,000 after purchasing an additional 97 shares in the last quarter. 88.18% of the stock is owned by hedge funds and other institutional investors.

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, The Sims, Apex Legends, Need for Speed, and Plants v.

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

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