KeyCorp Equities Analysts Decrease Earnings Estimates for Electronic Arts Inc. (EA)

Electronic Arts Inc. (NASDAQ:EA) – KeyCorp cut their FY2018 earnings per share (EPS) estimates for shares of Electronic Arts in a report issued on Tuesday, April 3rd. KeyCorp analyst E. Wingren now forecasts that the game software company will post earnings of $3.72 per share for the year, down from their prior estimate of $3.73. KeyCorp currently has a “Overweight” rating and a $152.00 price objective on the stock. KeyCorp also issued estimates for Electronic Arts’ Q4 2018 earnings at $1.02 EPS, Q1 2019 earnings at $0.18 EPS and FY2019 earnings at $4.63 EPS.

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Several other research firms have also recently issued reports on EA. Wedbush reaffirmed a “buy” rating and issued a $138.00 price objective on shares of Electronic Arts in a research report on Wednesday, January 31st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $129.00 price objective (up from $128.00) on shares of Electronic Arts in a research report on Friday, January 26th. Vetr raised Electronic Arts from a “sell” rating to a “buy” rating and set a $142.00 price objective on the stock in a research report on Monday, March 12th. Oppenheimer reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Electronic Arts in a research report on Wednesday, January 17th. Finally, Goldman Sachs cut Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Electronic Arts has a consensus rating of “Buy” and an average target price of $132.81.

EA stock opened at $118.36 on Friday. The company has a market capitalization of $36,841.10, a P/E ratio of 39.99, a price-to-earnings-growth ratio of 1.84 and a beta of 0.80. Electronic Arts has a 12-month low of $88.07 and a 12-month high of $131.13. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.24.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.03. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%.

A number of hedge funds have recently modified their holdings of EA. Brown Advisory Inc. increased its stake in Electronic Arts by 187.7% in the 3rd quarter. Brown Advisory Inc. now owns 8,113 shares of the game software company’s stock worth $958,000 after buying an additional 5,293 shares in the last quarter. KBC Group NV increased its stake in Electronic Arts by 7.9% in the 3rd quarter. KBC Group NV now owns 44,538 shares of the game software company’s stock worth $5,258,000 after buying an additional 3,253 shares in the last quarter. Pinebridge Investments L.P. increased its stake in Electronic Arts by 50.6% in the 3rd quarter. Pinebridge Investments L.P. now owns 4,302 shares of the game software company’s stock worth $508,000 after buying an additional 1,446 shares in the last quarter. Stifel Financial Corp increased its stake in Electronic Arts by 168.5% in the 3rd quarter. Stifel Financial Corp now owns 124,972 shares of the game software company’s stock worth $14,756,000 after buying an additional 78,425 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in Electronic Arts by 10.6% in the 3rd quarter. Private Advisor Group LLC now owns 6,543 shares of the game software company’s stock worth $776,000 after buying an additional 625 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

In other news, SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $116.32, for a total value of $116,320.00. Following the completion of the sale, the senior vice president now directly owns 17,950 shares in the company, valued at approximately $2,087,944. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Blake J. Jorgensen sold 10,500 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $112.85, for a total value of $1,184,925.00. Following the completion of the sale, the chief financial officer now owns 159,114 shares of the company’s stock, valued at $17,956,014.90. The disclosure for this sale can be found here. Insiders sold a total of 91,579 shares of company stock valued at $11,171,399 over the last 90 days. 2.55% of the stock is currently owned by company insiders.

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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.

Earnings History and Estimates for Electronic Arts (NASDAQ:EA)

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