Zacks: Brokerages Anticipate Electronic Arts Inc. (EA) Will Announce Earnings of $1.16 Per Share

Wall Street analysts expect Electronic Arts Inc. (NASDAQ:EA) to report earnings per share of $1.16 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Electronic Arts’ earnings. The lowest EPS estimate is $1.10 and the highest is $1.21. Electronic Arts reported earnings per share of $0.72 in the same quarter last year, which would suggest a positive year over year growth rate of 61.1%. The firm is expected to report its next earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that Electronic Arts will report full year earnings of $4.27 per share for the current financial year, with EPS estimates ranging from $4.21 to $4.33. For the next financial year, analysts anticipate that the company will report earnings of $4.99 per share, with EPS estimates ranging from $4.75 to $5.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Electronic Arts.

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Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.03. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.02 billion. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%.

EA has been the topic of several research analyst reports. Goldman Sachs lowered shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Vetr lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 target price on the stock. in a research note on Wednesday, November 29th. Cowen reissued a “hold” rating and set a $104.00 target price on shares of Electronic Arts in a research note on Thursday, December 21st. KeyCorp reaffirmed a “buy” rating and issued a $134.00 price objective on shares of Electronic Arts in a research note on Sunday, November 19th. Finally, Zacks Investment Research lowered shares of Electronic Arts from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Seven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Electronic Arts has an average rating of “Buy” and a consensus price target of $132.81.

Shares of Electronic Arts (EA) traded down $0.60 during midday trading on Friday, reaching $128.52. 3,979,498 shares of the company traded hands, compared to its average volume of 2,709,966. The company has a market capitalization of $39,420.68, a price-to-earnings ratio of 40.16, a PEG ratio of 2.34 and a beta of 0.76. Electronic Arts has a fifty-two week low of $87.90 and a fifty-two week high of $131.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.92 and a current ratio of 1.92.

In related news, EVP Chris Bruzzo sold 1,500 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $123.02, for a total transaction of $184,530.00. Following the completion of the sale, the executive vice president now owns 34,876 shares in the company, valued at $4,290,445.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Blake J. Jorgensen sold 10,500 shares of the firm’s stock in a transaction dated 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 sale, 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. Insiders have sold 81,079 shares of company stock valued at $9,788,548 in the last 90 days. 2.55% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of EA. Dupont Capital Management Corp purchased a new position in shares of Electronic Arts in the third quarter worth about $183,000. Boston Partners increased its stake in shares of Electronic Arts by 1.7% in the third quarter. Boston Partners now owns 664,877 shares of the game software company’s stock worth $78,496,000 after purchasing an additional 11,004 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Electronic Arts by 1.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 32,967 shares of the game software company’s stock worth $3,892,000 after purchasing an additional 478 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Electronic Arts by 144.5% in the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock worth $157,000 after purchasing an additional 783 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its stake in shares of Electronic Arts by 144.2% in the third quarter. Candriam Luxembourg S.C.A. now owns 46,335 shares of the game software company’s stock worth $5,470,000 after purchasing an additional 27,359 shares in the last quarter. Hedge funds and other institutional investors own 95.45% 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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Earnings History and Estimates for Electronic Arts (NASDAQ:EA)

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