Activision Blizzard (NASDAQ:ATVI) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $2.02-2.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.15. The company issued revenue guidance of $6.19-6.19 billion, compared to the consensus revenue estimate of $6.38 billion.Activision Blizzard also updated its FY19 guidance to $1.41 EPS.
Several equities research analysts have weighed in on the stock. Wedbush restated an outperform rating and issued a $60.00 target price on shares of Activision Blizzard in a research note on Friday. Zacks Investment Research upgraded shares of Activision Blizzard from a sell rating to a hold rating in a research note on Thursday, May 9th. Stephens downgraded shares of Activision Blizzard from an overweight rating to an equal weight rating and lowered their target price for the company from $57.00 to $52.00 in a research note on Wednesday, May 22nd. Credit Suisse Group lowered their target price on shares of Activision Blizzard from $65.00 to $64.00 and set an outperform rating for the company in a research note on Thursday. Finally, UBS Group restated a buy rating and issued a $56.00 target price (up from $52.00) on shares of Activision Blizzard in a research note on Friday. Eleven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $60.03.
Shares of NASDAQ ATVI traded down $1.27 during midday trading on Friday, reaching $48.06. The company had a trading volume of 10,668,183 shares, compared to its average volume of 6,313,044. The company’s 50-day moving average is $47.29. The company has a market cap of $37.79 billion, a PE ratio of 20.11, a P/E/G ratio of 2.47 and a beta of 0.90. Activision Blizzard has a 1 year low of $39.85 and a 1 year high of $84.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.61 and a current ratio of 2.63.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.14. Activision Blizzard had a net margin of 23.69% and a return on equity of 15.81%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the company posted $0.41 earnings per share. The business’s quarterly revenue was down 12.9% on a year-over-year basis. Equities analysts expect that Activision Blizzard will post 1.98 EPS for the current year.
In related news, insider Christopher B. Walther sold 5,333 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $50.34, for a total transaction of $268,463.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher B. Walther sold 2,333 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $44.00, for a total transaction of $102,652.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,332 shares of company stock valued at $1,021,187. 1.29% of the stock is currently owned by corporate insiders.
Activision Blizzard Company Profile
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. It develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
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