Wall Street analysts forecast that Take-Two Interactive Software Inc (NASDAQ:TTWO) will post sales of $671.61 million for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Take-Two Interactive Software’s earnings. The lowest sales estimate is $638.70 million and the highest is $701.70 million. Take-Two Interactive Software posted sales of $476.47 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 41%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, February 7th.
On average, analysts expect that Take-Two Interactive Software will report full-year sales of $671.61 million for the current financial year, with estimates ranging from $1.98 billion to $2.14 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.97 billion per share, with estimates ranging from $2.53 billion to $3.48 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Take-Two Interactive Software.
Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.22. Take-Two Interactive Software had a net margin of 6.58% and a return on equity of 27.10%. The business had revenue of $576.99 million for the quarter, compared to analysts’ expectations of $516.89 million.
Take-Two Interactive Software (NASDAQ:TTWO) traded down $0.98 during trading hours on Friday, hitting $118.31. 1,596,792 shares of the stock were exchanged, compared to its average volume of 1,610,000. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.33. Take-Two Interactive Software has a fifty-two week low of $52.88 and a fifty-two week high of $122.21. The firm has a market cap of $13,490.00, a PE ratio of 108.54, a PEG ratio of 3.46 and a beta of 0.80.
In other Take-Two Interactive Software news, CFO Lainie Goldstein sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $115.54, for a total value of $3,466,200.00. Following the transaction, the chief financial officer now directly owns 351,019 shares in the company, valued at approximately $40,556,735.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Strauss Zelnick sold 31,004 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $116.49, for a total transaction of $3,611,655.96. The disclosure for this sale can be found here. Insiders sold a total of 66,504 shares of company stock worth $7,729,606 over the last quarter. Insiders own 1.55% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Take-Two Interactive Software by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,392,574 shares of the company’s stock valued at $615,847,000 after purchasing an additional 115,430 shares in the last quarter. Jackson Square Partners LLC lifted its holdings in Take-Two Interactive Software by 137.9% in the 3rd quarter. Jackson Square Partners LLC now owns 3,495,068 shares of the company’s stock valued at $357,300,000 after purchasing an additional 2,026,010 shares in the last quarter. Alkeon Capital Management LLC lifted its holdings in Take-Two Interactive Software by 10.1% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,843,630 shares of the company’s stock valued at $290,705,000 after purchasing an additional 260,000 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in Take-Two Interactive Software by 110.3% in the 3rd quarter. Macquarie Group Ltd. now owns 1,710,990 shares of the company’s stock valued at $174,914,000 after purchasing an additional 897,380 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Take-Two Interactive Software by 4.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,133,077 shares of the company’s stock valued at $115,833,000 after purchasing an additional 44,101 shares in the last quarter. Institutional investors own 91.06% of the company’s stock.
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Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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