Equities analysts forecast that Activision Blizzard, Inc. (NASDAQ:ATVI) will report $1.33 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Activision Blizzard’s earnings, with the lowest sales estimate coming in at $1.28 billion and the highest estimate coming in at $1.40 billion. Activision Blizzard reported sales of $1.20 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.8%. The firm is expected to report its next earnings results on Thursday, May 3rd.
On average, analysts expect that Activision Blizzard will report full year sales of $1.33 billion for the current year, with estimates ranging from $7.44 billion to $7.76 billion. For the next financial year, analysts expect that the company will post sales of $8.09 billion per share, with estimates ranging from $7.89 billion to $8.30 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Activision Blizzard.
Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.02. Activision Blizzard had a return on equity of 17.48% and a net margin of 3.89%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company posted $0.65 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year.
Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Activision Blizzard by 5.8% in the 4th quarter. BlackRock Inc. now owns 54,967,203 shares of the company’s stock valued at $3,480,525,000 after acquiring an additional 2,992,193 shares in the last quarter. Egerton Capital UK LLP raised its stake in shares of Activision Blizzard by 22.0% in the 4th quarter. Egerton Capital UK LLP now owns 11,051,017 shares of the company’s stock valued at $699,750,000 after acquiring an additional 1,991,213 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Activision Blizzard by 7.4% in the 4th quarter. Bank of New York Mellon Corp now owns 8,026,958 shares of the company’s stock valued at $508,266,000 after acquiring an additional 550,833 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Activision Blizzard by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 7,790,249 shares of the company’s stock valued at $492,227,000 after acquiring an additional 252,340 shares in the last quarter. Finally, Boston Partners raised its stake in shares of Activision Blizzard by 0.5% in the 3rd quarter. Boston Partners now owns 6,778,871 shares of the company’s stock valued at $437,305,000 after acquiring an additional 33,114 shares in the last quarter. 85.61% of the stock is currently owned by institutional investors and hedge funds.
Shares of Activision Blizzard (ATVI) traded down $1.80 during midday trading on Monday, reaching $70.19. The company’s stock had a trading volume of 6,382,932 shares, compared to its average volume of 6,920,000. Activision Blizzard has a 12-month low of $44.60 and a 12-month high of $74.94. The firm has a market cap of $51,740.00, a price-to-earnings ratio of 200.54, a PEG ratio of 1.92 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.77.
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About Activision Blizzard
Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.
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