TAKE-TWO INTERACTIVE SOFTWARE, INC (TTWO) Expected to Post Quarterly Sales of $1.47 Billion

Equities research analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) will report $1.47 billion in sales for the current quarter, according to Zacks. Fourteen analysts have provided estimates for TAKE-TWO INTERACTIVE SOFTWARE’s earnings. The lowest sales estimate is $1.41 billion and the highest is $1.56 billion. TAKE-TWO INTERACTIVE SOFTWARE reported sales of $653.94 million in the same quarter last year, which would suggest a positive year over year growth rate of 124.8%. The business is scheduled to issue its next earnings results on Wednesday, February 6th.

On average, analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will report full-year sales of $2.96 billion for the current fiscal year, with estimates ranging from $2.87 billion to $3.05 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.84 billion, with estimates ranging from $2.50 billion to $3.25 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover TAKE-TWO INTERACTIVE SOFTWARE.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its earnings results on Wednesday, November 7th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.16. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 11.76% and a return on equity of 18.08%. The business had revenue of $583.42 million during the quarter, compared to the consensus estimate of $549.87 million. During the same period in the prior year, the firm earned $1.09 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year.

TTWO has been the topic of several research analyst reports. BidaskClub lowered TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Barclays set a $144.00 target price on TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a research report on Thursday, November 8th. Stifel Nicolaus lifted their target price on TAKE-TWO INTERACTIVE SOFTWARE from $137.00 to $144.00 and gave the company a “buy” rating in a research report on Tuesday, September 11th. BMO Capital Markets lifted their target price on TAKE-TWO INTERACTIVE SOFTWARE from $116.00 to $119.00 and gave the company a “market perform” rating in a research report on Monday, August 6th. Finally, ValuEngine cut TAKE-TWO INTERACTIVE SOFTWARE from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. TAKE-TWO INTERACTIVE SOFTWARE currently has an average rating of “Buy” and a consensus target price of $144.53.

Shares of TAKE-TWO INTERACTIVE SOFTWARE stock traded down $2.24 on Tuesday, reaching $109.67. 2,561,068 shares of the company were exchanged, compared to its average volume of 2,973,652. TAKE-TWO INTERACTIVE SOFTWARE has a one year low of $92.81 and a one year high of $139.91. The stock has a market cap of $12.49 billion, a P/E ratio of 62.67, a P/E/G ratio of 1.91 and a beta of 1.09.

In other TAKE-TWO INTERACTIVE SOFTWARE news, VP Daniel P. Emerson sold 13,268 shares of the business’s stock in a transaction on Wednesday, October 10th. The stock was sold at an average price of $123.63, for a total value of $1,640,322.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.07% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 1.2% in the 3rd quarter. BlackRock Inc. now owns 8,032,109 shares of the company’s stock worth $1,108,350,000 after acquiring an additional 94,743 shares in the last quarter. FMR LLC raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 35.1% in the third quarter. FMR LLC now owns 3,564,945 shares of the company’s stock worth $491,927,000 after buying an additional 926,316 shares in the last quarter. JPMorgan Chase & Co. raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 8.5% in the third quarter. JPMorgan Chase & Co. now owns 2,606,777 shares of the company’s stock worth $359,708,000 after buying an additional 203,912 shares in the last quarter. Allianz Asset Management GmbH raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 26.7% in the third quarter. Allianz Asset Management GmbH now owns 2,318,865 shares of the company’s stock worth $319,980,000 after buying an additional 489,197 shares in the last quarter. Finally, Macquarie Group Ltd. raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 0.5% in the third quarter. Macquarie Group Ltd. now owns 1,935,004 shares of the company’s stock worth $267,011,000 after buying an additional 9,428 shares in the last quarter. Hedge funds and other institutional investors own 92.76% of the company’s stock.

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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Earnings History and Estimates for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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