News headlines about Electronic Arts (NASDAQ:EA) have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than 6,000 news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Electronic Arts earned a media sentiment score of 0.82 on their scale. InfoTrie also assigned media stories about the game software company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Electronic Arts’ ranking:
- Star Wars Jedi: Fallen Order — EA Play reveals gameplay at E3 2019 (cnet.com)
- E3 2019: Star Wars, Apex Legends and everything else announced at EA Play 2019 (cnet.com)
- EA Play At E3 2019: EA Press Conference Livestream — How To Watch, What To Expect (gamespot.com)
- EA Play E3 2019 press conference: watch it here (polygon.com)
- How to Watch EA Play 2019 (comicbook.com)
EA has been the topic of a number of research analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $109.00 target price on shares of Electronic Arts in a research report on Thursday, February 14th. BMO Capital Markets boosted their price target on Electronic Arts from $96.00 to $116.00 and gave the stock an “outperform” rating in a report on Wednesday, February 13th. Nomura initiated coverage on Electronic Arts in a report on Thursday. They issued a “buy” rating and a $120.00 price target for the company. BidaskClub cut Electronic Arts from a “hold” rating to a “sell” rating in a report on Friday, April 5th. Finally, Bank of America raised Electronic Arts from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $95.00 to $110.00 in a report on Monday, February 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $111.30.
Electronic Arts stock opened at $96.99 on Friday. The firm has a market capitalization of $28.83 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 1.56 and a beta of 1.03. Electronic Arts has a 52 week low of $73.91 and a 52 week high of $151.26. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.19.
Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, May 7th. The game software company reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.43. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.20 billion. Electronic Arts had a return on equity of 22.62% and a net margin of 20.59%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.31 earnings per share. Research analysts predict that Electronic Arts will post 3.77 EPS for the current year.
In related news, insider Chris Bruzzo sold 3,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $103.00, for a total value of $309,000.00. Following the completion of the transaction, the insider now directly owns 35,271 shares in the company, valued at $3,632,913. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 9,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $92.03, for a total value of $828,270.00. The disclosure for this sale can be found here. Insiders sold 80,044 shares of company stock valued at $7,871,564 over the last quarter. Insiders own 2.24% of the company’s stock.
About Electronic Arts
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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