TAKE-TWO INTERACTIVE SOFTWARE (TTWO) Updates FY19 Earnings Guidance

Share on StockTwits

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.73-1.98 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.92. The company issued revenue guidance of $2.8-2.9 billion, compared to the consensus revenue estimate of $2.84 billion.TAKE-TWO INTERACTIVE SOFTWARE also updated its FY 2019 guidance to $4.50-4.74 EPS.

TTWO stock traded up $2.13 during midday trading on Wednesday, reaching $125.81. The stock had a trading volume of 3,917,800 shares, compared to its average volume of 2,263,437. The firm has a market capitalization of $14.61 billion, a price-to-earnings ratio of 71.89, a price-to-earnings-growth ratio of 2.57 and a beta of 1.09. TAKE-TWO INTERACTIVE SOFTWARE has a 52-week low of $92.81 and a 52-week high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its earnings results on Wednesday, November 7th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.71). The firm had revenue of $583.42 million during the quarter, compared to analysts’ expectations of $549.87 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 18.54% and a net margin of 10.49%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business earned $1.09 EPS. Equities analysts predict that TAKE-TWO INTERACTIVE SOFTWARE will post 2.98 earnings per share for the current year.

A number of equities analysts have weighed in on the company. BidaskClub upgraded TAKE-TWO INTERACTIVE SOFTWARE from a hold rating to a buy rating in a research note on Friday, September 14th. Zacks Investment Research lowered TAKE-TWO INTERACTIVE SOFTWARE from a hold rating to a sell rating in a research note on Wednesday, July 25th. Stifel Nicolaus lifted their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $131.00 to $137.00 and gave the company a buy rating in a research note on Monday, August 6th. Wedbush set a $150.00 price objective on TAKE-TWO INTERACTIVE SOFTWARE and gave the company a buy rating in a research note on Tuesday, October 30th. Finally, Sanford C. Bernstein assumed coverage on TAKE-TWO INTERACTIVE SOFTWARE in a research note on Tuesday, October 9th. They set an outperform rating and a $175.00 price objective for the company. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $141.06.

In related news, Director Michael Sheresky sold 295 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $129.07, for a total value of $38,075.65. Following the completion of the transaction, the director now owns 69,168 shares in the company, valued at approximately $8,927,513.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Lainie Goldstein sold 3,113 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $130.00, for a total value of $404,690.00. Following the completion of the transaction, the chief financial officer now owns 261,149 shares of the company’s stock, valued at approximately $33,949,370. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,576 shares of company stock valued at $5,068,790. 1.07% of the stock is owned by company insiders.

ILLEGAL ACTIVITY WARNING: This report was first reported by Week Herald and is the property of of Week Herald. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://weekherald.com/2018/11/08/take-two-interactive-software-ttwo-updates-fy19-earnings-guidance.html.

TAKE-TWO INTERACTIVE SOFTWARE Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

Featured Story: Understanding Analyst Recommendations

Earnings History and Estimates for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

Receive News & Ratings for TAKE-TWO INTERACTIVE SOFTWARE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAKE-TWO INTERACTIVE SOFTWARE and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply