Equities research analysts forecast that Electronic Arts Inc. (NASDAQ:EA) will announce sales of $1.23 billion for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Electronic Arts’ earnings, with the highest sales estimate coming in at $1.25 billion and the lowest estimate coming in at $1.21 billion. Electronic Arts reported sales of $1.09 billion during the same quarter last year, which would indicate a positive year over year growth rate of 12.8%. The business is scheduled to issue its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that Electronic Arts will report full-year sales of $1.23 billion for the current fiscal year, with estimates ranging from $5.13 billion to $5.18 billion. For the next financial year, analysts anticipate that the firm will post sales of $5.61 billion per share, with estimates ranging from $5.41 billion to $5.84 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Electronic Arts.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.03. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.02 billion. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%.
In other Electronic Arts news, CEO Andrew Wilson sold 9,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $108.69, for a total transaction of $978,210.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Vijayanthimala Singh sold 200 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $126.75, for a total transaction of $25,350.00. Following the sale, the senior vice president now owns 4,528 shares in the company, valued at $573,924. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,079 shares of company stock worth $9,788,548. 2.55% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of Electronic Arts by 4.4% in the 4th quarter. BlackRock Inc. now owns 21,297,293 shares of the game software company’s stock worth $2,237,493,000 after purchasing an additional 904,557 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Electronic Arts by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,203,946 shares of the game software company’s stock worth $496,317,000 after purchasing an additional 25,397 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Electronic Arts by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 3,249,844 shares of the game software company’s stock worth $340,709,000 after purchasing an additional 102,739 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Electronic Arts by 6.3% in the 4th quarter. American Century Companies Inc. now owns 2,883,283 shares of the game software company’s stock worth $302,918,000 after purchasing an additional 171,179 shares in the last quarter. Finally, Brown Advisory Inc. raised its holdings in shares of Electronic Arts by 25,746.6% in the 4th quarter. Brown Advisory Inc. now owns 2,096,933 shares of the game software company’s stock worth $220,305,000 after purchasing an additional 2,088,820 shares in the last quarter. Institutional investors own 95.45% of the company’s stock.
Shares of Electronic Arts (NASDAQ:EA) traded down $0.32 during mid-day trading on Tuesday, reaching $128.80. 2,703,103 shares of the company’s stock traded hands, compared to its average volume of 3,998,464. The firm has a market cap of $39,251.98, a price-to-earnings ratio of 40.20, a P/E/G 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 has a 52 week low of $87.90 and a 52 week high of $131.13.
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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.
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