Jefferies Group Comments on Activision Blizzard, Inc.’s Q1 2018 Earnings (ATVI)

Activision Blizzard, Inc. (NASDAQ:ATVI) – Jefferies Group issued their Q1 2018 earnings per share estimates for Activision Blizzard in a research note issued on Saturday. Jefferies Group analyst T. O’shea expects that the company will post earnings of $0.30 per share for the quarter. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Activision Blizzard’s Q2 2018 earnings at $0.38 EPS.

A number of other analysts have also recently weighed in on ATVI. Vetr cut Activision Blizzard from a “buy” rating to a “hold” rating and set a $59.97 price objective for the company. in a research report on Monday, October 23rd. Wedbush set a $75.00 price objective on Activision Blizzard and gave the stock a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price objective for the company in a research report on Friday, October 27th. SunTrust Banks set a $72.00 price objective on Activision Blizzard and gave the stock a “buy” rating in a research report on Sunday, October 29th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $62.00 price objective on shares of Activision Blizzard in a research report on Thursday, November 2nd. Six equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $71.95.

Shares of Activision Blizzard (NASDAQ:ATVI) opened at $69.65 on Tuesday. Activision Blizzard has a 1 year low of $44.47 and a 1 year high of $74.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.77 and a current ratio of 1.78. The firm has a market capitalization of $51,437.45, a P/E ratio of 193.47, a price-to-earnings-growth ratio of 1.81 and a beta of 1.11.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. Activision Blizzard had a return on equity of 17.48% and a net margin of 3.89%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the firm earned $0.65 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis.

A number of institutional investors have recently added to or reduced their stakes in the business. Cornerstone Advisors Inc. boosted its holdings in shares of Activision Blizzard by 321.5% during the third quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock worth $100,000 after purchasing an additional 1,180 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Activision Blizzard during the fourth quarter worth $125,000. Goodman Financial Corp acquired a new stake in shares of Activision Blizzard during the fourth quarter worth $127,000. Grove Bank & Trust boosted its holdings in shares of Activision Blizzard by 261.7% during the third quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock worth $140,000 after purchasing an additional 1,570 shares during the last quarter. Finally, Phocas Financial Corp. acquired a new stake in shares of Activision Blizzard during the second quarter worth $173,000. 85.61% of the stock is owned by institutional investors.

In other Activision Blizzard news, CEO of King Digital Entertainment Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the completion of the transaction, the insider now owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.12% of the company’s stock.

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Activision Blizzard Company Profile

Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.

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