TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) Expected to Post Earnings of $0.03 Per Share

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Wall Street analysts expect TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) to post earnings per share of $0.03 for the current fiscal quarter, Zacks Investment Research reports. Seventeen analysts have provided estimates for TAKE-TWO INTERACTIVE SOFTWARE’s earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at $0.18. TAKE-TWO INTERACTIVE SOFTWARE posted earnings of $0.19 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 84.2%. The company is scheduled to announce its next earnings report after the market closes on Monday, August 5th.

According to Zacks, analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will report full year earnings of $4.36 per share for the current year, with EPS estimates ranging from $3.75 to $5.40. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.78 per share, with EPS estimates ranging from $4.00 to $6.03. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for TAKE-TWO INTERACTIVE SOFTWARE.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings results on Monday, May 13th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.07). The company had revenue of $488.40 million during the quarter, compared to analysts’ expectations of $500.86 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 12.51% and a return on equity of 25.62%. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 EPS.

Several equities analysts have weighed in on the stock. Benchmark restated a “buy” rating and set a $130.00 target price (up from $124.00) on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Monday, June 17th. KeyCorp dropped their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $152.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, May 14th. Wedbush set a $20.00 target price on shares of Ares Capital and gave the company a “buy” rating in a report on Tuesday, May 14th. Cowen restated a “hold” rating and set a $103.00 target price on shares of United Therapeutics in a report on Wednesday, May 1st. Finally, Barclays set a $192.00 target price on shares of Tesla and gave the company a “sell” rating in a report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $123.82.

NASDAQ:TTWO traded down $0.54 during mid-day trading on Friday, hitting $116.49. 10,842 shares of the company’s stock traded hands, compared to its average volume of 1,166,598. The business has a 50 day simple moving average of $112.30. TAKE-TWO INTERACTIVE SOFTWARE has a 1 year low of $84.41 and a 1 year high of $139.91. The stock has a market capitalization of $13.11 billion, a P/E ratio of 29.92, a PEG ratio of 3.59 and a beta of 0.80.

In related news, CEO Strauss Zelnick sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $108.74, for a total value of $2,718,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel P. Emerson sold 8,758 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $109.92, for a total transaction of $962,679.36. The disclosure for this sale can be found here. Insiders sold 33,993 shares of company stock worth $3,706,028 over the last three months. Corporate insiders own 1.07% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TTWO. JPMorgan Chase & Co. boosted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 42.4% in the first quarter. JPMorgan Chase & Co. now owns 3,699,665 shares of the company’s stock worth $349,137,000 after acquiring an additional 1,101,453 shares during the last quarter. Norges Bank acquired a new position in TAKE-TWO INTERACTIVE SOFTWARE during the fourth quarter valued at approximately $108,310,000. Bank of America Corp DE lifted its position in TAKE-TWO INTERACTIVE SOFTWARE by 89.6% during the fourth quarter. Bank of America Corp DE now owns 908,148 shares of the company’s stock valued at $93,485,000 after buying an additional 429,293 shares in the last quarter. FMR LLC lifted its position in TAKE-TWO INTERACTIVE SOFTWARE by 8.6% during the fourth quarter. FMR LLC now owns 3,871,977 shares of the company’s stock valued at $398,581,000 after buying an additional 307,032 shares in the last quarter. Finally, Toronto Dominion Bank lifted its position in TAKE-TWO INTERACTIVE SOFTWARE by 278.6% during the first quarter. Toronto Dominion Bank now owns 324,250 shares of the company’s stock valued at $30,597,000 after buying an additional 238,615 shares in the last quarter. 93.96% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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