Equities research analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) will announce earnings of $2.75 per share for the current fiscal quarter, according to Zacks. Eighteen analysts have issued estimates for TAKE-TWO INTERACTIVE SOFTWARE’s earnings. The highest EPS estimate is $3.07 and the lowest is $2.51. TAKE-TWO INTERACTIVE SOFTWARE reported earnings per share of $1.26 in the same quarter last year, which suggests a positive year-over-year growth rate of 118.3%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, February 6th.
On average, analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will report full year earnings of $4.97 per share for the current year, with EPS estimates ranging from $4.49 to $5.27. For the next year, analysts expect that the business will report earnings of $5.06 per share, with EPS estimates ranging from $4.20 to $6.39. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for TAKE-TWO INTERACTIVE SOFTWARE.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.16. The company had revenue of $583.42 million during the quarter, compared to the consensus estimate of $549.87 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 11.76% and a return on equity of 18.08%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 earnings per share.
A number of research firms have weighed in on TTWO. Sanford C. Bernstein initiated coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Tuesday, October 9th. They set an “outperform” rating and a $175.00 target price on the stock. Buckingham Research restated a “buy” rating and issued a $130.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Tuesday, December 18th. Goldman Sachs Group began coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Wednesday, January 30th. They issued a “buy” rating and a $130.00 target price on the stock. Gabelli assumed coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Wednesday, January 16th. They set a “buy” rating and a $136.00 price objective on the stock. Finally, Credit Suisse Group boosted their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $136.00 to $137.00 and gave the stock a “neutral” rating in a research report on Thursday, November 8th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. TAKE-TWO INTERACTIVE SOFTWARE currently has an average rating of “Buy” and an average price target of $139.40.
Shares of NASDAQ:TTWO opened at $107.29 on Friday. The company has a market capitalization of $12.10 billion, a P/E ratio of 61.31, a PEG ratio of 1.79 and a beta of 1.07. TAKE-TWO INTERACTIVE SOFTWARE has a 1 year low of $92.81 and a 1 year high of $139.91.
Hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 35.1% during the third quarter. FMR LLC now owns 3,564,945 shares of the company’s stock valued at $491,927,000 after purchasing an additional 926,316 shares in the last quarter. Congress Asset Management Co. MA purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the third quarter valued at about $91,225,000. Marshall Wace LLP lifted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 132.3% during the third quarter. Marshall Wace LLP now owns 899,888 shares of the company’s stock valued at $124,176,000 after buying an additional 512,445 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 26.7% during the third quarter. Allianz Asset Management GmbH now owns 2,318,865 shares of the company’s stock valued at $319,980,000 after buying an additional 489,197 shares during the last quarter. Finally, FIL Ltd raised its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 2,484.7% in the 3rd quarter. FIL Ltd now owns 446,794 shares of the company’s stock valued at $61,653,000 after purchasing an additional 429,508 shares during the last quarter. 90.40% of the stock is currently owned by hedge funds and other institutional investors.
TAKE-TWO INTERACTIVE SOFTWARE Company Profile
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.
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