THQ Inc. (THQI) has been initiated today with coverage from the research analysts at Brean Murray. Murray begins this new coverage of THQI with an initial price target set at $5.50 dollars and rates performance of ‘THQI’ as “buy.” Murray analysts overall like the look of THQ’s upcoming product lineup. Additionally, they believe THQ will jump out of the red and back into black beginning in fiscal 2012. THQI is on its second day of positive daily gains at the moment after having dipped below intermediate support on Wednesday.
THQ is slated to release their next earnings report on August 9th, 2011 and is estimated to post negative EPS of 51 cents per current consensus. Their last earnings report was released today, in fact, and announced positive EPS of 15 cents with revenue totaling $248.6 million which was up 25.9 % year to year. THQI is currently trading below its 50 & 200-day moving averages and 2011 is currently a down year for the company.
THQ Inc. is a worldwide developer and publisher of interactive entertainment software for all popular game systems such as XBOX 360, PlayStation 3, Wii, and hand held gaming consoles. The company has market capitalization of $264,000,000 and 68,043,000 shares outstanding. THQI has a 52-week high of $6.53 with the low being $3.33 dollars.
