Analysts expect that Take-Two Interactive Software Inc (NASDAQ:TTWO) will announce $671.61 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Take-Two Interactive Software’s earnings, with estimates ranging from $638.70 million to $701.70 million. Take-Two Interactive Software posted sales of $476.47 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 41%. The business is expected to announce its next quarterly earnings results on Tuesday, February 6th.
On average, analysts expect that Take-Two Interactive Software will report full-year sales of $671.61 million for the current financial year, with estimates ranging from $1.98 billion to $2.13 billion. For the next financial year, analysts anticipate that the company will post sales of $2.97 billion per share, with estimates ranging from $2.53 billion to $3.48 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Take-Two Interactive Software.
A number of equities research analysts have issued reports on TTWO shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, November 8th. Credit Suisse Group reissued a “hold” rating and set a $116.00 target price on shares of Take-Two Interactive Software in a research report on Thursday, December 7th. Buckingham Research raised their price objective on shares of Take-Two Interactive Software from $120.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Cowen downgraded shares of Take-Two Interactive Software from an “outperform” rating to a “market perform” rating and set a $83.00 price objective for the company. in a report on Monday, October 9th. Finally, Benchmark reiterated a “buy” rating and issued a $110.00 target price (up from $100.00) on shares of Take-Two Interactive Software in a research note on Saturday, September 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $114.23.
Institutional investors and hedge funds have recently bought and sold shares of the business. Dupont Capital Management Corp purchased a new position in Take-Two Interactive Software during the 3rd quarter worth approximately $102,000. Invictus RG raised its position in Take-Two Interactive Software by 1,188.8% during the 3rd quarter. Invictus RG now owns 1,031 shares of the company’s stock worth $105,000 after buying an additional 951 shares during the last quarter. Pittenger & Anderson Inc. raised its position in Take-Two Interactive Software by 124.1% during the 3rd quarter. Pittenger & Anderson Inc. now owns 1,625 shares of the company’s stock worth $166,000 after buying an additional 900 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in Take-Two Interactive Software by 233.9% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,693 shares of the company’s stock worth $173,000 after buying an additional 1,186 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its position in Take-Two Interactive Software by 1,088.9% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 1,712 shares of the company’s stock worth $175,000 after buying an additional 1,568 shares during the last quarter. 91.15% of the stock is owned by institutional investors.
Shares of Take-Two Interactive Software (TTWO) traded up $0.64 during midday trading on Wednesday, hitting $115.55. 1,384,200 shares of the stock traded hands, compared to its average volume of 2,270,000. The company has a quick ratio of 1.31, a current ratio of 1.33 and a debt-to-equity ratio of 0.04. Take-Two Interactive Software has a 52-week low of $50.06 and a 52-week high of $120.62. The firm has a market capitalization of $13,180.00, a price-to-earnings ratio of 106.01, a P/E/G ratio of 3.39 and a beta of 0.80.
About Take-Two Interactive Software
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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