Electronic Arts Inc. to Post FY2018 Earnings of $3.62 Per Share, SunTrust Banks Forecasts (EA)

Electronic Arts Inc. (NASDAQ:EA) – Equities research analysts at SunTrust Banks cut their FY2018 earnings estimates for shares of Electronic Arts in a note issued to investors on Friday. SunTrust Banks analyst M. Thornton now expects that the game software company will post earnings of $3.62 per share for the year, down from their previous forecast of $3.63. SunTrust Banks currently has a “Buy” rating and a $130.00 target price on the stock.

A number of other research analysts have also recently commented on EA. Buckingham Research assumed coverage on shares of Electronic Arts in a report on Wednesday, September 20th. They issued a “buy” rating and a $143.00 target price for the company. Morgan Stanley reissued an “overweight” rating and issued a $128.00 target price (up previously from $126.00) on shares of Electronic Arts in a report on Monday, October 2nd. Barclays assumed coverage on shares of Electronic Arts in a report on Wednesday, October 4th. They issued an “overweight” rating and a $129.00 target price for the company. Stifel Nicolaus reissued a “buy” rating and issued a $127.00 target price on shares of Electronic Arts in a report on Friday, October 6th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $128.00 target price on shares of Electronic Arts in a report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. Electronic Arts has a consensus rating of “Buy” and a consensus target price of $122.26.

Shares of Electronic Arts (NASDAQ EA) traded up $1.22 during trading on Monday, reaching $113.14. 2,706,552 shares of the company’s stock were exchanged, compared to its average volume of 3,600,000. The firm has a market capitalization of $34,930.00, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 1.86 and a beta of 0.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38. Electronic Arts has a 12-month low of $78.89 and a 12-month high of $122.79.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, October 31st. The game software company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. Electronic Arts had a net margin of 23.35% and a return on equity of 28.92%.

In other Electronic Arts news, CEO Andrew Wilson sold 10,058 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $105.76, for a total transaction of $1,063,734.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Blake J. Jorgensen sold 10,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $112.85, for a total transaction of $1,184,925.00. Following the transaction, the chief financial officer now owns 159,114 shares of the company’s stock, valued at approximately $17,956,014.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,516 shares of company stock valued at $7,357,395. 2.55% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in EA. Tower Research Capital LLC TRC raised its holdings in Electronic Arts by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock worth $149,000 after purchasing an additional 1,063 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Electronic Arts by 144.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock worth $157,000 after buying an additional 783 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of Electronic Arts during the 3rd quarter worth approximately $183,000. GHP Investment Advisors Inc. acquired a new stake in shares of Electronic Arts during the 3rd quarter worth approximately $202,000. Finally, Texas Yale Capital Corp. acquired a new stake in shares of Electronic Arts during the 3rd quarter worth approximately $205,000. Hedge funds and other institutional investors own 93.53% of the company’s stock.

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Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

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