Electronic Arts (EA) Announces Earnings Results, Beats Expectations By $0.46 EPS

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Electronic Arts (NASDAQ:EA) issued its quarterly earnings data on Tuesday. The game software company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.46, RTT News reports. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Electronic Arts had a return on equity of 25.31% and a net margin of 14.30%. Electronic Arts’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Shares of NASDAQ:EA traded up $3.64 during midday trading on Tuesday, reaching $94.83. The company’s stock had a trading volume of 5,738,336 shares, compared to its average volume of 3,837,951. The company has a market capitalization of $29.33 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 1.65 and a beta of 0.58. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.84 and a quick ratio of 3.84. Electronic Arts has a fifty-two week low of $89.12 and a fifty-two week high of $151.26.

EA has been the topic of several recent research reports. Credit Suisse Group lifted their target price on Electronic Arts from $143.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, July 25th. MKM Partners cut their target price on Electronic Arts to $157.00 and set a “buy” rating on the stock in a report on Friday, August 31st. UBS Group cut their target price on Electronic Arts from $176.00 to $166.00 and set a “buy” rating on the stock in a report on Friday, August 31st. Benchmark cut their target price on Electronic Arts from $164.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, August 31st. Finally, Barclays set a $132.00 target price on Electronic Arts and gave the stock a “buy” rating in a report on Wednesday, September 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $141.87.

In related news, CEO Andrew Wilson sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $128.35, for a total transaction of $2,567,000.00. Following the transaction, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at approximately $2,567,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Luis A. Ubinas sold 7,750 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $128.50, for a total value of $995,875.00. Following the transaction, the director now directly owns 1,191 shares in the company, valued at $153,043.50. The disclosure for this sale can be found here. Insiders sold a total of 128,750 shares of company stock worth $15,384,360 over the last three months. 2.24% of the stock is owned by company insiders.

About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Earnings History for Electronic Arts (NASDAQ:EA)

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