Wall Street analysts expect that Take-Two Interactive Software Inc (NASDAQ:TTWO) will report $448.54 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Take-Two Interactive Software’s earnings, with estimates ranging from $440.00 million to $460.00 million. Take-Two Interactive Software reported sales of $407.13 million during the same quarter last year, which indicates a positive year over year growth rate of 10.2%. The company is scheduled to report its next earnings results on Tuesday, May 22nd.
On average, analysts expect that Take-Two Interactive Software will report full-year sales of $448.54 million for the current year, with estimates ranging from $2.02 billion to $2.04 billion. For the next financial year, analysts expect that the business will report sales of $3.04 billion per share, with estimates ranging from $2.81 billion to $3.28 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Take-Two Interactive Software.
Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.34. The firm had revenue of $653.94 million for the quarter, compared to analysts’ expectations of $669.08 million. Take-Two Interactive Software had a net margin of 9.43% and a return on equity of 27.78%.
In related news, CEO Strauss Zelnick sold 252,197 shares of Take-Two Interactive Software stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $95.63, for a total value of $24,117,599.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Karl Slatoff sold 227,671 shares of Take-Two Interactive Software stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $95.75, for a total transaction of $21,799,498.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 492,559 shares of company stock valued at $47,115,477. Insiders own 1.55% of the company’s stock.
Several large investors have recently modified their holdings of TTWO. Jackson Square Partners LLC increased its stake in Take-Two Interactive Software by 137.9% during the third quarter. Jackson Square Partners LLC now owns 3,495,068 shares of the company’s stock valued at $357,300,000 after purchasing an additional 2,026,010 shares during the last quarter. Carillon Tower Advisers Inc. bought a new stake in Take-Two Interactive Software during the fourth quarter valued at $67,703,000. Alyeska Investment Group L.P. increased its stake in Take-Two Interactive Software by 96.9% during the third quarter. Alyeska Investment Group L.P. now owns 1,065,472 shares of the company’s stock valued at $108,923,000 after purchasing an additional 524,325 shares during the last quarter. Hunt Lane Capital LP bought a new stake in Take-Two Interactive Software during the fourth quarter valued at $32,824,000. Finally, First Trust Advisors LP increased its stake in Take-Two Interactive Software by 124.1% during the fourth quarter. First Trust Advisors LP now owns 528,938 shares of the company’s stock valued at $58,067,000 after purchasing an additional 292,884 shares during the last quarter. Institutional investors and hedge funds own 91.27% of the company’s stock.
TTWO stock traded down $4.00 during midday trading on Wednesday, reaching $94.63. 1,977,478 shares of the company’s stock traded hands, compared to its average volume of 4,253,763. The stock has a market cap of $11,283.10, a price-to-earnings ratio of 49.54, a price-to-earnings-growth ratio of 1.55 and a beta of 1.04. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 0.01. Take-Two Interactive Software has a fifty-two week low of $57.36 and a fifty-two week high of $129.25.
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Take-Two Interactive Software Company Profile
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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