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.
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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