Take-Two Interactive Software, Inc. (TTWO) Expected to Post Quarterly Sales of $512.94 Million

Equities research analysts expect that Take-Two Interactive Software, Inc. (NASDAQ:TTWO) will post $512.94 million in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Take-Two Interactive Software’s earnings, with the highest sales estimate coming in at $521.10 million and the lowest estimate coming in at $491.60 million. Take-Two Interactive Software posted sales of $420.17 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 22.1%. The company is expected to announce its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Take-Two Interactive Software will report full year sales of $512.94 million for the current financial year, with estimates ranging from $1.72 billion to $1.82 billion. For the next year, analysts expect that the business will report sales of $2.78 billion per share, with estimates ranging from $2.53 billion to $3.12 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Take-Two Interactive Software.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.25. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The firm had revenue of $348.30 million during the quarter, compared to analysts’ expectations of $280.70 million. During the same period in the previous year, the company earned ($0.21) earnings per share. The company’s revenue was up 27.8% compared to the same quarter last year.

TTWO has been the subject of several recent analyst reports. Benchmark Co. reissued a “buy” rating and issued a $100.00 price objective (up previously from $85.00) on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $96.00 price objective (up previously from $87.00) on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. Cowen and Company downgraded Take-Two Interactive Software from an “outperform” rating to a “market perform” rating and set a $83.00 price objective for the company. in a report on Monday. KeyCorp reissued a “buy” rating and issued a $104.00 price objective on shares of Take-Two Interactive Software in a report on Friday, September 8th. Finally, Zacks Investment Research downgraded Take-Two Interactive Software from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $92.30.

WARNING: “Take-Two Interactive Software, Inc. (TTWO) Expected to Post Quarterly Sales of $512.94 Million” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/take-two-interactive-software-inc-ttwo-expected-to-post-quarterly-sales-of-512-94-million.html.

In related news, Director Michael Sheresky sold 465 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $89.96, for a total value of $41,831.40. Following the sale, the director now directly owns 69,006 shares of the company’s stock, valued at $6,207,779.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Lainie Goldstein sold 30,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $87.68, for a total value of $2,630,400.00. Following the completion of the sale, the chief financial officer now directly owns 409,019 shares in the company, valued at $35,862,785.92. The disclosure for this sale can be found here. Insiders sold 87,465 shares of company stock worth $7,677,331 in the last 90 days. 1.55% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in TTWO. Renaissance Technologies LLC boosted its stake in Take-Two Interactive Software by 1,045.2% in the second quarter. Renaissance Technologies LLC now owns 1,951,950 shares of the company’s stock valued at $143,234,000 after buying an additional 1,781,500 shares in the last quarter. Harbour Capital Advisors LLC boosted its stake in Take-Two Interactive Software by 7,304.4% in the second quarter. Harbour Capital Advisors LLC now owns 1,637,475 shares of the company’s stock valued at $22,315,000 after buying an additional 1,615,360 shares in the last quarter. Jackson Square Partners LLC acquired a new stake in Take-Two Interactive Software in the second quarter valued at about $107,799,000. State Street Corp boosted its stake in Take-Two Interactive Software by 62.1% in the first quarter. State Street Corp now owns 3,116,177 shares of the company’s stock valued at $184,699,000 after buying an additional 1,193,381 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Take-Two Interactive Software by 12.5% in the first quarter. Vanguard Group Inc. now owns 8,277,144 shares of the company’s stock valued at $490,586,000 after buying an additional 916,573 shares in the last quarter. 96.69% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software (NASDAQ:TTWO) traded down 1.28% during trading on Tuesday, hitting $102.78. 1,053,713 shares of the stock were exchanged. Take-Two Interactive Software has a 1-year low of $41.70 and a 1-year high of $107.53. The firm’s 50 day moving average price is $99.26 and its 200-day moving average price is $79.18. The stock has a market cap of $10.74 billion, a price-to-earnings ratio of 60.67 and a beta of 0.78.

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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According to Zacks, analysts expect that Take-Two Interactive Software will report full year sales of $512.94 million for the current financial year, with estimates ranging from $1.72 billion to $1.82 billion. For the next year, analysts expect that the business will report sales of $2.78 billion per share, with estimates ranging from $2.53 billion to $3.12 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Take-Two Interactive Software.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.25. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The firm had revenue of $348.30 million during the quarter, compared to analysts’ expectations of $280.70 million. During the same period in the previous year, the company earned ($0.21) earnings per share. The company’s revenue was up 27.8% compared to the same quarter last year.

TTWO has been the subject of several recent analyst reports. Benchmark Co. reissued a “buy” rating and issued a $100.00 price objective (up previously from $85.00) on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $96.00 price objective (up previously from $87.00) on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. Cowen and Company downgraded Take-Two Interactive Software from an “outperform” rating to a “market perform” rating and set a $83.00 price objective for the company. in a report on Monday. KeyCorp reissued a “buy” rating and issued a $104.00 price objective on shares of Take-Two Interactive Software in a report on Friday, September 8th. Finally, Zacks Investment Research downgraded Take-Two Interactive Software from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $92.30.

WARNING: “Take-Two Interactive Software, Inc. (TTWO) Expected to Post Quarterly Sales of $512.94 Million” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/take-two-interactive-software-inc-ttwo-expected-to-post-quarterly-sales-of-512-94-million.html.

In related news, Director Michael Sheresky sold 465 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $89.96, for a total value of $41,831.40. Following the sale, the director now directly owns 69,006 shares of the company’s stock, valued at $6,207,779.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Lainie Goldstein sold 30,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $87.68, for a total value of $2,630,400.00. Following the completion of the sale, the chief financial officer now directly owns 409,019 shares in the company, valued at $35,862,785.92. The disclosure for this sale can be found here. Insiders sold 87,465 shares of company stock worth $7,677,331 in the last 90 days. 1.55% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in TTWO. Renaissance Technologies LLC boosted its stake in Take-Two Interactive Software by 1,045.2% in the second quarter. Renaissance Technologies LLC now owns 1,951,950 shares of the company’s stock valued at $143,234,000 after buying an additional 1,781,500 shares in the last quarter. Harbour Capital Advisors LLC boosted its stake in Take-Two Interactive Software by 7,304.4% in the second quarter. Harbour Capital Advisors LLC now owns 1,637,475 shares of the company’s stock valued at $22,315,000 after buying an additional 1,615,360 shares in the last quarter. Jackson Square Partners LLC acquired a new stake in Take-Two Interactive Software in the second quarter valued at about $107,799,000. State Street Corp boosted its stake in Take-Two Interactive Software by 62.1% in the first quarter. State Street Corp now owns 3,116,177 shares of the company’s stock valued at $184,699,000 after buying an additional 1,193,381 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Take-Two Interactive Software by 12.5% in the first quarter. Vanguard Group Inc. now owns 8,277,144 shares of the company’s stock valued at $490,586,000 after buying an additional 916,573 shares in the last quarter. 96.69% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software (NASDAQ:TTWO) traded down 1.28% during trading on Tuesday, hitting $102.78. 1,053,713 shares of the stock were exchanged. Take-Two Interactive Software has a 1-year low of $41.70 and a 1-year high of $107.53. The firm’s 50 day moving average price is $99.26 and its 200-day moving average price is $79.18. The stock has a market cap of $10.74 billion, a price-to-earnings ratio of 60.67 and a beta of 0.78.

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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Earnings History and Estimates for Take-Two Interactive Software (NASDAQ:TTWO)

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