Electronic Arts (EA) Lowered to “C+” at TheStreet

TheStreet lowered shares of Electronic Arts (NASDAQ:EA) from a b- rating to a c+ rating in a research note released on Friday.

Several other equities research analysts have also recently issued reports on EA. BidaskClub cut Electronic Arts from a buy rating to a hold rating in a research note on Thursday, August 2nd. Piper Jaffray Companies lowered their price objective on shares of Electronic Arts from $165.00 to $148.00 and set an overweight rating for the company in a research report on Thursday, August 30th. ValuEngine downgraded shares of Electronic Arts from a buy rating to a hold rating in a research report on Thursday, August 30th. Bank of America downgraded shares of Electronic Arts from a buy rating to a neutral rating and lowered their price objective for the company from $159.00 to $126.00 in a research report on Friday, August 31st. They noted that the move was a valuation call. Finally, BMO Capital Markets lowered their price objective on shares of Electronic Arts from $162.00 to $140.00 and set an outperform rating for the company in a research report on Friday, August 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $134.68.

Shares of EA stock opened at $84.00 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.52 and a quick ratio of 3.52. The company has a market capitalization of $25.40 billion, a P/E ratio of 24.42, a P/E/G ratio of 1.45 and a beta of 1.02. Electronic Arts has a 1 year low of $80.42 and a 1 year high of $151.26.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 30th. The game software company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.46. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Electronic Arts had a return on equity of 26.01% and a net margin of 18.76%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 earnings per share. As a group, analysts predict that Electronic Arts will post 3.87 earnings per share for the current year.

In other news, CEO Andrew Wilson sold 29,000 shares of the company’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $117.56, for a total transaction of $3,409,240.00. Following the completion of the transaction, the chief executive officer now directly owns 20,000 shares in the company, valued at $2,351,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lawrence F. Probst III sold 2,500 shares of the company’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $111.34, for a total transaction of $278,350.00. Following the transaction, the director now owns 112,338 shares of the company’s stock, valued at $12,507,712.92. The disclosure for this sale can be found here. Insiders have sold 67,750 shares of company stock valued at $7,427,638 over the last quarter. Company insiders own 2.24% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings in Electronic Arts by 31.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 9,697,249 shares of the game software company’s stock valued at $1,168,422,000 after purchasing an additional 2,339,158 shares during the period. Egerton Capital UK LLP increased its holdings in Electronic Arts by 79.8% in the second quarter. Egerton Capital UK LLP now owns 4,041,717 shares of the game software company’s stock valued at $569,963,000 after purchasing an additional 1,794,024 shares during the period. Advisors Asset Management Inc. increased its holdings in Electronic Arts by 3,732.8% in the second quarter. Advisors Asset Management Inc. now owns 951,463 shares of the game software company’s stock valued at $4,094,000 after purchasing an additional 926,639 shares during the period. Capital Research Global Investors acquired a new stake in Electronic Arts in the third quarter valued at $91,323,000. Finally, Brown Advisory Inc. increased its holdings in Electronic Arts by 25.4% in the third quarter. Brown Advisory Inc. now owns 3,666,061 shares of the game software company’s stock valued at $441,724,000 after purchasing an additional 742,742 shares during the period. Institutional investors own 94.99% of the company’s stock.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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