Electronic Arts Inc. (NASDAQ:EA) Director Jay C. Hoag sold 1,133 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $124.01, for a total value of $140,503.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Electronic Arts Inc. (EA) opened at $126.57 on Wednesday. The stock has a market cap of $39,297.99, a price-to-earnings ratio of 36.61, a PEG ratio of 2.33 and a beta of 0.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.92 and a current ratio of 1.92. Electronic Arts Inc. has a 1-year low of $87.90 and a 1-year high of $131.01.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.03. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.02 billion. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. research analysts predict that Electronic Arts Inc. will post 3.66 EPS for the current fiscal year.
Several brokerages recently issued reports on EA. KeyCorp boosted their price target on Electronic Arts from $134.00 to $152.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Vetr cut Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price target for the company. in a research note on Monday, December 18th. Buckingham Research set a $143.00 target price on Electronic Arts and gave the stock a “buy” rating in a research note on Sunday, November 19th. Robert W. Baird upped their target price on Electronic Arts from $130.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, Barclays upped their target price on Electronic Arts from $127.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Electronic Arts currently has a consensus rating of “Buy” and an average target price of $132.81.
ILLEGAL ACTIVITY NOTICE: “Insider Selling: Electronic Arts Inc. (NASDAQ:EA) Director Sells 1,133 Shares of Stock” was reported by Week Herald and is the property of of Week Herald. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://weekherald.com/2018/03/14/electronic-arts-inc-ea-director-sells-140503-33-in-stock.html.
About Electronic Arts
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.