Media coverage about Electronic Arts (NASDAQ:EA) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Electronic Arts earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media headlines about the game software company an impact score of 45.2683697539391 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern’s scoring:
- Electronic Arts (EA) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
- Patrick Soderlund: EA “can’t afford” another loot box controversy with Anthem (gamesindustry.biz)
- EA’s New CDO Declares Anthem, Battlefield 5, Other Titles Won’t Repeat Battlefront 2’s Issue (shacknews.com)
- Electronic Arts (EA) Expected to Post Quarterly Sales of $1.23 Billion (americanbankingnews.com)
- Bank of America Upgrades Electronic Arts (EA) to “Buy” (americanbankingnews.com)
A number of equities analysts have recently weighed in on the company. KeyCorp upped their target price on Electronic Arts from $134.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Vetr downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price objective on the stock. in a report on Monday, December 18th. Buckingham Research increased their price objective on Electronic Arts from $143.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Robert W. Baird increased their price objective on Electronic Arts from $130.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, Barclays increased their price objective on Electronic Arts from $127.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Electronic Arts has an average rating of “Buy” and an average price target of $132.81.
Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.03. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. sell-side analysts anticipate that Electronic Arts will post 3.66 earnings per share for the current year.
In other news, CFO Blake J. Jorgensen sold 10,500 shares of the stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $119.57, for a total value of $1,255,485.00. Following the completion of the sale, the chief financial officer now directly owns 127,614 shares of the company’s stock, valued at $15,258,805.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $116.32, for a total value of $116,320.00. Following the completion of the sale, the senior vice president now directly owns 17,950 shares of the company’s stock, valued at $2,087,944. The disclosure for this sale can be found here. Insiders have sold 81,079 shares of company stock valued at $9,986,474 in the last ninety days. Company insiders own 2.55% of the company’s stock.
Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.
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