Electronic Arts Inc. (NASDAQ:EA) – Analysts at William Blair decreased their Q3 2019 earnings per share estimates for shares of Electronic Arts in a report issued on Wednesday, October 31st. William Blair analyst R. Schackart now expects that the game software company will post earnings of $1.76 per share for the quarter, down from their prior forecast of $2.21. William Blair also issued estimates for Electronic Arts’ Q4 2019 earnings at $1.49 EPS, FY2019 earnings at $3.91 EPS and FY2020 earnings at $4.44 EPS.
Several other research firms have also recently issued reports on EA. UBS Group raised Electronic Arts to a “positive” rating in a research note on Thursday, July 12th. Wedbush reissued a “buy” rating and set a $158.00 target price on shares of Electronic Arts in a research note on Monday, July 23rd. Stifel Nicolaus raised their target price on Electronic Arts from $157.00 to $159.00 and gave the stock a “$146.56” rating in a research note on Monday, July 23rd. Piper Jaffray Companies raised their target price on Electronic Arts to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 25th. Finally, Credit Suisse Group raised their price target on Electronic Arts from $143.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 25th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Electronic Arts currently has a consensus rating of “Buy” and an average price target of $134.68.
EA stock opened at $92.23 on Monday. The company has a quick ratio of 3.84, a current ratio of 3.52 and a debt-to-equity ratio of 0.19. The firm has a market cap of $28.18 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 1.59 and a beta of 0.96. Electronic Arts has a 52-week low of $89.12 and a 52-week high of $151.26.
Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, October 30th. The game software company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.46. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Electronic Arts had a return on equity of 26.01% and a net margin of 18.76%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share.
A number of large investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB lifted its holdings in Electronic Arts by 0.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 56,992 shares of the game software company’s stock worth $8,037,000 after buying an additional 371 shares during the last quarter. Motley Fool Asset Management LLC lifted its holdings in Electronic Arts by 13.8% during the 2nd quarter. Motley Fool Asset Management LLC now owns 3,286 shares of the game software company’s stock worth $463,000 after buying an additional 399 shares during the last quarter. Braun Stacey Associates Inc. lifted its holdings in Electronic Arts by 0.4% during the 2nd quarter. Braun Stacey Associates Inc. now owns 102,837 shares of the game software company’s stock worth $14,502,000 after buying an additional 460 shares during the last quarter. Kaizen Advisory LLC lifted its holdings in Electronic Arts by 159.5% during the 2nd quarter. Kaizen Advisory LLC now owns 763 shares of the game software company’s stock worth $108,000 after buying an additional 469 shares during the last quarter. Finally, World Asset Management Inc lifted its holdings in Electronic Arts by 2.3% during the 2nd quarter. World Asset Management Inc now owns 21,069 shares of the game software company’s stock worth $2,971,000 after buying an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.
In related news, insider Laura Miele sold 1,250 shares of Electronic Arts stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $93.83, for a total value of $117,287.50. Following the completion of the transaction, the insider now directly owns 10,961 shares in the company, valued at $1,028,470.63. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction on Monday, August 20th. The shares were sold at an average price of $128.00, for a total value of $128,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,250 shares of company stock valued at $11,226,348. 2.24% of the stock is currently owned by company insiders.
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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