Equities research analysts forecast that Electronic Arts Inc. (NASDAQ:EA) will report sales of $1.23 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Electronic Arts’ earnings, with the lowest sales estimate coming in at $1.21 billion and the highest estimate coming in at $1.25 billion. Electronic Arts posted sales of $1.09 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.8%. The business is expected to report its next earnings report on Tuesday, May 8th.
On average, analysts expect that Electronic Arts will report full year sales of $1.23 billion for the current year, with estimates ranging from $5.13 billion to $5.18 billion. For the next financial year, analysts expect that the company will report sales of $5.61 billion per share, with estimates ranging from $5.41 billion to $5.84 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Electronic Arts.
Electronic Arts (NASDAQ:EA) last issued 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. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.02 billion.
In other Electronic Arts news, EVP Chris Bruzzo sold 1,500 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $105.80, for a total value of $158,700.00. Following the transaction, the executive vice president now owns 38,562 shares in the company, valued at $4,079,859.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Blake J. Jorgensen sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $100.27, for a total value of $1,002,700.00. Following the completion of the transaction, the chief financial officer now owns 169,614 shares in the company, valued at approximately $17,007,195.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,637 shares of company stock worth $9,396,140. 2.55% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the business. KCM Investment Advisors LLC lifted its holdings in shares of Electronic Arts by 196.7% in the fourth quarter. KCM Investment Advisors LLC now owns 7,367 shares of the game software company’s stock valued at $774,000 after purchasing an additional 4,884 shares in the last quarter. Xact Kapitalforvaltning AB lifted its holdings in shares of Electronic Arts by 7.0% in the fourth quarter. Xact Kapitalforvaltning AB now owns 53,447 shares of the game software company’s stock valued at $5,615,000 after purchasing an additional 3,501 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Electronic Arts by 50.3% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 294,566 shares of the game software company’s stock valued at $30,947,000 after purchasing an additional 98,521 shares in the last quarter. Wunderlich Capital Managemnt bought a new position in shares of Electronic Arts in the fourth quarter valued at approximately $894,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of Electronic Arts in the fourth quarter valued at approximately $10,009,000. Institutional investors and hedge funds own 90.95% of the company’s stock.
Shares of Electronic Arts (EA) traded down $2.77 on Friday, reaching $125.80. The company’s stock had a trading volume of 3,054,276 shares, compared to its average volume of 4,520,000. Electronic Arts has a fifty-two week low of $86.09 and a fifty-two week high of $131.01. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.24. The firm has a market cap of $38,590.00, a PE ratio of 34.18, a PEG ratio of 2.31 and a beta of 0.73.
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Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
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