Activision Blizzard (NASDAQ:ATVI) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided EPS guidance of $2.58-2.58 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.64. The company issued revenue guidance of $7.475-7.475 billion, compared to the consensus revenue estimate of $7.48 billion.Activision Blizzard also updated its Q4 guidance to $0.43 EPS.
ATVI opened at $55.01 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.96 and a current ratio of 2.98. Activision Blizzard has a 1 year low of $53.50 and a 1 year high of $84.68. The company has a market capitalization of $49.63 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.73 and a beta of 1.11.
Activision Blizzard (NASDAQ:ATVI) last released its earnings results on Thursday, November 8th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.03). Activision Blizzard had a return on equity of 16.39% and a net margin of 6.96%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the business posted $0.25 earnings per share. Activision Blizzard’s revenue was down 12.6% on a year-over-year basis. As a group, equities research analysts anticipate that Activision Blizzard will post 2.49 EPS for the current year.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $68.70, for a total transaction of $1,357,580.70. Following the transaction, the chief executive officer now directly owns 20,324 shares of the company’s stock, valued at $1,396,258.80. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.29% of the company’s stock.
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About Activision Blizzard
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. The company 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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