Analysts expect Take-Two Interactive Software Inc (NASDAQ:TTWO) to post $451.04 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Take-Two Interactive Software’s earnings. The highest sales estimate is $460.00 million and the lowest is $440.00 million. Take-Two Interactive Software posted sales of $407.13 million during the same quarter last year, which suggests a positive year over year growth rate of 10.8%. 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 $451.04 million for the current financial year, with estimates ranging from $1.86 billion to $2.04 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.94 billion per share, with estimates ranging from $2.34 billion to $3.31 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Take-Two Interactive Software.
Several research analysts have recently commented on the company. MKM Partners raised their price target on Take-Two Interactive Software from $97.00 to $122.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Stifel Nicolaus raised their price target on Take-Two Interactive Software from $105.00 to $122.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Jefferies Group restated a “buy” rating and set a $140.00 price target (up from $3.00) on shares of Take-Two Interactive Software in a research report on Wednesday, November 8th. Piper Jaffray Companies restated a “buy” rating and set a $125.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, November 8th. Finally, Robert W. Baird upgraded Take-Two Interactive Software from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $90.00 to $137.00 in a research report on Wednesday, November 8th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $123.48.
Take-Two Interactive Software (TTWO) traded down $1.12 during mid-day trading on Tuesday, reaching $107.04. The company’s stock had a trading volume of 1,787,811 shares, compared to its average volume of 2,430,000. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.17 and a current ratio of 1.18. The firm has a market capitalization of $12,210.00, a PE ratio of 66.48, a price-to-earnings-growth ratio of 2.86 and a beta of 0.85. Take-Two Interactive Software has a one year low of $56.50 and a one year high of $129.25.
In related news, Director Michael Sheresky sold 428 shares of Take-Two Interactive Software stock in a transaction on Friday, February 16th. The stock was sold at an average price of $108.11, for a total value of $46,271.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.55% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its holdings in Take-Two Interactive Software by 20.4% in the third quarter. Prudential Financial Inc. now owns 77,314 shares of the company’s stock valued at $7,904,000 after purchasing an additional 13,080 shares during the period. Nomura Holdings Inc. purchased a new position in Take-Two Interactive Software in the second quarter valued at $385,000. CIBC Asset Management Inc purchased a new position in Take-Two Interactive Software in the third quarter valued at $349,000. Nisa Investment Advisors LLC boosted its holdings in Take-Two Interactive Software by 109.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 43,369 shares of the company’s stock valued at $4,761,000 after purchasing an additional 22,620 shares during the period. Finally, Capital Management Associates NY purchased a new stake in Take-Two Interactive Software during the 3rd quarter worth about $613,000. Hedge funds and other institutional investors own 89.60% of the company’s stock.
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About Take-Two Interactive Software
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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