Wall Street analysts expect TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) to report earnings per share of $1.71 for the current fiscal quarter, Zacks Investment Research reports. Nineteen analysts have issued estimates for TAKE-TWO INTERACTIVE SOFTWARE’s earnings. The lowest EPS estimate is $1.42 and the highest is $1.94. TAKE-TWO INTERACTIVE SOFTWARE reported earnings per share of $4.05 in the same quarter last year, which would suggest a negative year over year growth rate of 57.8%. The firm is expected to report its next earnings report on Wednesday, February 5th.
According to Zacks, analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will report full year earnings of $4.84 per share for the current financial year, with EPS estimates ranging from $4.47 to $5.50. For the next financial year, analysts anticipate that the company will report earnings of $4.91 per share, with EPS estimates ranging from $4.00 to $5.88. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover TAKE-TWO INTERACTIVE SOFTWARE.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.24 by $0.78. The firm had revenue of $950.50 million for the quarter, compared to analyst estimates of $926.91 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 26.81% and a net margin of 11.14%. The business’s revenue for the quarter was up 62.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 earnings per share.
Several equities analysts have recently commented on TTWO shares. Stifel Nicolaus set a $138.00 price target on TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a research note on Wednesday, August 7th. BMO Capital Markets raised their price target on TAKE-TWO INTERACTIVE SOFTWARE to $120.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th. Piper Jaffray Companies restated a “buy” rating on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, September 18th. Credit Suisse Group raised their price target on TAKE-TWO INTERACTIVE SOFTWARE from $118.00 to $125.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, Jefferies Financial Group raised their price target on TAKE-TWO INTERACTIVE SOFTWARE from $115.00 to $125.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have issued a buy rating to the company. TAKE-TWO INTERACTIVE SOFTWARE presently has a consensus rating of “Buy” and an average target price of $132.79.
A number of hedge funds and other institutional investors have recently modified their holdings of TTWO. Nuveen Asset Management LLC raised its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 1,012.9% in the second quarter. Nuveen Asset Management LLC now owns 1,493,115 shares of the company’s stock worth $169,514,000 after purchasing an additional 1,358,953 shares in the last quarter. Southpoint Capital Advisors LP acquired a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the second quarter valued at about $102,177,000. Massachusetts Financial Services Co. MA increased its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 21.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,075,167 shares of the company’s stock valued at $385,441,000 after acquiring an additional 538,535 shares in the last quarter. Invesco Ltd. increased its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 11.2% during the second quarter. Invesco Ltd. now owns 4,656,054 shares of the company’s stock valued at $528,602,000 after acquiring an additional 467,758 shares in the last quarter. Finally, Boston Partners acquired a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the second quarter valued at about $53,070,000. 90.92% of the stock is owned by institutional investors and hedge funds.
Shares of TAKE-TWO INTERACTIVE SOFTWARE stock traded down $0.62 during trading on Wednesday, hitting $120.73. 1,137,370 shares of the stock traded hands, compared to its average volume of 1,928,843. The firm has a market cap of $13.75 billion, a P/E ratio of 31.12, a price-to-earnings-growth ratio of 4.29 and a beta of 0.70. The company has a current ratio of 1.48, a quick ratio of 1.46 and a debt-to-equity ratio of 0.05. TAKE-TWO INTERACTIVE SOFTWARE has a 52-week low of $84.41 and a 52-week high of $135.70. The stock’s fifty day simple moving average is $121.25 and its 200 day simple moving average is $119.76.
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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